Frontline DAO IDO

Frontline & Sahara DAO News
5 min readOct 7, 2022

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📣 Introducing Frontline DAO

Frontline DAO is a synthetic protocol derived from the Sahara DAO project, aimed at creating new and innovative fusion markets in the Polygon network. It is also the first Fractional-Algorithmic Synthetic Token pegged to the value of 1 MMF on Polygon Chain & A Premier Launchpad Platform.

The goal of the protocol is to create and maintain markets for Polygon’s most popular tokens. Frontline DAO has a premier launchpad platform that new and budding projects can utilize to launch their tokens and products. MM Finance will be partnering with Frontline DAO as our official secondary launchpad to provide a platform for external projects to raise funds and gain exposure to our MM ecosystem. $LOVE would be required in order for users to participate in such offerings.

This is a strategic partnership between both project teams to allow for more rapid building/launches, thus building up more value for all holders of the MM ecosystem.

⚡️ Strengthening the MMF Ecosystem

Frontline’s initial goal is to create synthetic markets for the most popular tokens currently trading on the Polygon Chain and then further expand into new assets.

  • MMFX is a fractional-algorithmic synth pegged to the value of 1 MMF token on the Polygon Chain. The purpose of the MMFX token is to give Polygon Chain users and traders that are already long the MMF ecosystem extra utility to their spot asset and a new avenue to earn additional rewards.
  • MATICX is a fractional-algorithmic synth pegged to the value of 1 MATIC token on the Polygon Chain. The purpose of the MATICX token is to give Polygon Chain users and traders that are already long the MATIC ecosystem extra utility to their spot asset and a new avenue to earn additional rewards.

And now, on October 11, there will be an event that cannot be missed. The launch of the $LOVE token

💰SALE DETAILS

  • Sale page: https://polymm.finance/launchpad
  • Start: October 11th , 04:00 AM UTC
  • End: October 11th , 12:00 PM UTC
  • Price of token: $0.2
  • Number of tokens for sale: 1,000,000
  • Duration: 8 hours
  • Token contribution: MMF/DSF

In the “Overflow” method, users can subscribe as much or as little as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends.

The excess funds committed will be refunded back to the users after the sale. They will be able to claim both their new tokens and unused tokens after the sale has ended.

🚀HOW TO PARTICIPATE IN THE SALE

1️⃣ MMF/DSF LP
You’ll spend them to buy $LOVE tokens.

2️⃣ Commit your MMF/DSF LP
When the Launchpad sale is live, commit your MMF/DSF LP to buy the token on sale. The MMFinance launchpad uses the Overflow method. TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

3️⃣ Claim your tokens
After the Launchpad sales finish, you can claim any tokens that you bought, and any unspent MMF/DSF LP will be returned to your wallet.

🌪Launchpad Proceeds Allocation

  • 100% of all DSF raised will be burnt
  • 50% of the MMF will be vested and used to form initial LOVE-MMF liquidity. Liquidity unlocks on Day 90 and sent to our team
  • 50% of the MMF Funding sent to our team on Day 1 and Day 30

After launch

Stake $LOVE / $MMF ➡ Earn $MMF

Stake $MMF ➡ Earn LOVE

🔥On our platform you can

Do Farming and earn passive income, first pairs for Farms

MMFX/MMF LP & LOVE/MMF LP

Also, once launched, the team will begin developing pools such as:

LOVE/MATIC LP & MATICX/MATIC LP

Farming feature will be expanded in the future and new pairs will be added, don’t remember to subscribe to our social networks so you don’t miss these events…..

Users can take advantage of the Staking and Locking feature

What is it ? Users can bet their LOVE coins or lock them for 4 weeks and earn passive income from it.

Users who choose the locking function, not only earn money for MMF, but also for LOVE. Stackers who don’t lock their funds will receive only MMF rewards

⚒ Also the team Improved the main characteristics

1️⃣ More stacker board (0.5% mint, 1R redemption)

In the staking , we removed the group lock withdrawal
The lock period is calculated since the lock time
minting fee is 0.5% per seat 0.3%, redeem fee is 1% so more fee goes to stakers

2️⃣ Chain coin synthesizer (MATICX)

MATICX — provides Polygon Chain users and traders already in the MATIC ecosystem with additional utility for their spot assets and a new way to earn additional rewards through Farming, Staking and Locking

3️⃣ Fix the unlock issue at the same time

Once locked, LOVE cannot be withdrawn for 4 weeks.
Locked LOVE cannot be withdrawn early.

There is a 50% early withdrawal penalty fee for LOVE/MMF and MMFX/MMF LP farming rewards.

4️⃣ Different tokenomics and supply

  • Liquidity mining changed from 74% to 66.5%
  • Launchpad increased from 2% to 12.5%
  • 1% of LOVE tokens were allocated for MNG and BAM NFT holders
  • Total coins decreased from 30 million to 10 million

5️⃣ Different chain

We decided to launch on the polygon because the polygon currently has a huge potential for development, and we are also very pleased to work with the MM.Finance team, which also chose polygon for multi-chain.

Also, recently, many projects choose polygon, and deploy their projects in this network, which gives the potential for strong and rapid growth.

📖About $LOVE token

$LOVE tokenomics (significant portion used for liquidity mining):

Total supply of 10,000,000 LOVE (100%)

Liquidity mining — 66.5% (3 years vesting rewards) — 6,650,000 LOVE

DAO Fund— 12% (3 years vesting) — 1,200,000 LOVE

Team (Dev Fund) — 8% (2 year vesting) — 800,000 LOVE

- Covers marketing, CMs, PR, peg protection, re-collateralization, etc.

Launchpad — 12.5% (preminted) — 1,250,000 LOVE

Public Sale(1,000,000 LOVE), Initial liquidity(250,000 LOVE)

Airdrop — 1% (preminted) — 100,000 LOVE

BAM Holders(50,000 LOVE), MNG Holders(50,000 LOVE)

🤝Follow our social

Discord: https://discord.gg/uvptR8Q53j
Telegram:
https://t.me/SaharaDAOglobal
Twitter: https://www.twitter.com/SaharaDAO
Announcement Channel:
https://t.me/SaharaDAOann
Website:
https://sahara.frontlinedao.finance/
Frontline website:
https://frontlinedao.finance/
Frontline docs:
https://docs.frontlinedao.finance/

🤝Follow Mad Meerkat Finance

Twitter: https://twitter.com/MMFcrypto
Telegram Group: https://t.me/MMFcrypto
Announcement Channel: https://t.me/MMFann
Price Channel: https://t.me/MMFPrice
Website (Cronos): http://mm.finance/
Website (Polygon): https://polymm.finance/
Medium: https://medium.com/@MMFinance

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