USKT (USKT Finance) Project Introduction

03/14 01:00

1. Project introduction

USKT Finance is a cross-chain asset exchange protocol based on the Polkadot blockchain.

2. Project introduction

USKT Finance is a decentralized finance (defi) project based on the Polkadot blockchain. USKT Finance, combined with Polkadot's cross-chain technology, aims to provide solutions for the existing decentralized financial ecosystem and solve the problems of insufficient liquidity and insufficient creation of financial assets.

The main members of the team have extensive experience in the blockchain industry, with more than 3 years of industry experience, and have participated in the establishment and operation of top consulting companies in the industry, such as layer1 protocol, DAPP, and decentralized trading platforms (DEX).

Our core technology partner wizspace is the founder of the Korean Union and the founder of dexeos, the world's first decentralized trading platform based on EOS, which integrates technical advantages and user base into USKT Finance.

USKT Finance has currently received strategic investment from the world's leading crypto investment funds such as NGC, GBIC and alphabit.

3. Token distribution

Public offering: 10.21%

Seed round (&amp); private placement: 10.7%

Team: 13%

Base: 12%

Parachain auction: 10%

Ecosystem development: 18%

Liquidity incentive: 26.09%

4. Token information and release plan

Total circulation: 100000000 USKT (update date: 2024/04/13)

Issuance volume: 4.97% when first listed (update date: 2024/04/13)

Private price: seed round 0.8 yuan, strategic round 1.2 yuan, private sale 1.5 yuan

Public offering price: netdcbf.com$1.9, blockzone MTO$1.95

Lock plan and unlock plan:

Block area MTO (0.13%): Unlocked

Cobak Token Sale (0.08%): 50% is not locked, the remaining 50% will be unlocked in 3 months

Seed Sales (2.5%): 4% will be unlocked in the initial market. 6 months after the first listing, it will be unlocked every month on average in the remaining 11 months.

Strategic Sales (6%): 7% will be unlocked at initial launch. Three months after the IPO, it will be unlocked every month on average in the remaining 11 months.

Private Placement (2.2%): Requires monthly unlocking for 12 months since initial listing.

Team (13%): 8% will be unlocked in the first list. Five months after the IPO, the remaining quarters will be unlocked within an average of 48 months.

Foundation (12%): Unlocked within 5 months of initial listing. The remainder will be unlocked on an average quarterly basis over 48 months.

Parachain Slot Auction (10%): Unlocked within 5 months of initial listing. The remainder will be unlocked on an average quarterly basis over 48 months.

Ecosystem development (18%): 16.94% will be unlocked for the first time and 2.78% will be unlocked within 6 months. 4 months after the second issuance, the remaining quarters will be unlocked for an average of 48 months per quarter.

Liquidity incentive (36.09%): immediately after the product is launched

Note: The project introduction is derived from information released or provided by the project team and may be out of date, wrong or omitted. Relevant content is for reference only and does not constitute investment advice. chncbdc will not incur any direct or indirect loss as a result of reliance on such information.