Starlay held a public sale event for $LAY tokens. (11AM May 13, 2022)

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2022-08-04 07:28:41

Hello, we are Starlay team!

We are pleased to inform you that on May 13, 2022, Starlay will hold the 2nd public sale of $LAY tokens.
To meet the needs of users who were unable to purchase $LAY tokens the first time on the platform Arthswap IDO We have decided to open another $LAY token sale directly on launchpad platform by Starlay.

About Starlay

Starlay is a non-custodial lending protocol on the Astar Network. Depositors can provide liquidity to earn interest as a steady stream of passive income, while borrowers can leverage their assets without selling them out.

Astar Network aims to be the biggest hub for the multi-chain era by connecting with Ethereum, Cosmos and others. Starlay Finance supports the ecosystem which is expected to be a huge marketplace to store all kinds of tokens on any type of chain.

There are 3 main features of Starlay Finance.

  1. Depositing / Borrowing
  2. Flashloan
  3. $LAY staking

You can simply earn tokens by depositing your tokens, while you can borrow your tokens by providing collateral and use them to earn more tokens. For developers, there will also be a facility for Flashloan. In addition, the staking feature will be available soon after the release of Starlay.

Tokenomics

Ticker

$LAY

Allotment

Total supply : 1,000,000,000
Total delivery time : 24months
Liquidity Mining : 30%
Community Growth : 15%
Early Contributor : 10%
Team : 20%
Investors : 15%
IDO : 10%

Details of $LAY public sale

There are three important things that you need to know:

– Starlay tokens will be sold by auction, so there will be no fixed price until the sale ends.

-The more people participate in the auction, the higher the price of the LAY token will be.

-In other words, you will be a part of determining the price of $LAY. We hope you will join the event.

Overview of the 2nd token sale

  • Communication: Starlay Launchpad
  • Time: May 13, 2022 18:00 (Vietnam time)
  • Format: Auction
  • Price: There will be no fixed price, the price of the token will depend on the amount of money deposited, the more coins and participants the price of the token will be pushed up.
  • Payment Currency: $USDC
  • Allocation:5% of total supply
  • Vesting within 12 months from TGE.

Within 48 hours of the event you can withdraw or deposit $USDC of your choice. You can use cBridge to transfer your assets from another chain, or you can swap assets at Arthswap nice Kagla to get $USDC to participate in the auction round..

The start time is May 13 11:00 a.m. UTC and the sale will last for 48 hours; The token sale will end at 11 a.m. on May 15 UTC and the price will be determined by the total amount locked at that time.

Bonus

In addition to the features so far, we offer three bonus features. Details are as follows

5% bonus for users who don’t set a price cap

If you don’t set the price cap mentioned earlier in feature 2, you will get 5% bonus. This is a very nice bonus for those who don’t care about the upper limit.

Extra 10% bonus for users who deposit without canceling deposit.

If you make a deposit with the withdrawal feature described in Feature 1 disabled, i.e. if you make a deposit without being able to cancel your deposit, you will receive a 10% bonus. For those who do not have a withdrawal plan at the time of deposit, this feature can be used to buy tokens at a very reasonable price.

In other words, users can get 15% bonus on unlimited deposits and when deposit cancellation is turned off.

Because of the fact that Starlay has joined Decartel-a Defi alliance on Astar Network. So when you join Starlay’s IDO, you also get more tokens of Arthswap, Kagla, Muuu Finance and Galaxia.

summary

In this article, we have provided an overview of the 2nd LAY Token Sale on Starlay.

Our goal when developing this launchpad is to pursue the best UX/UI. We developed this launchpad for one simple reason: to ideally allow each user to participate in the token sale. We designed it to be extremely user-friendly in terms of how much and how much you want to buy, as well as the user interface. As for the actual buttons and processes, we will explain them in a separate media as soon as possible, so stay tuned.

Again, the $LAY price will increase with each larger amount locked. In addition, users who lock more assets will receive more $LAY.

It is you who decide the $LAY price. Starlay Finance team hopes you in the auction!

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