Unveiling Launchpad Details for Athos Finance IDO!

5 min readJul 26, 2022

Finally, after months of development, we’re excited to unveil the details our our very first Launchpad project: Athos Finance! 🔥

Overview of Athos Finance

Athos Finance is the first decentralized delta-one asset protocol on Moonbeam, opening up a new category of assets worth billions on DeFi. In simple words, Athos is an end-to-end synthetic assets (derivatives) infrastructure complete with;

An issuance protocol for synthetic assets, starting with their over-collateralized stablecoin called athUSD
A derivatives exchange where synthetic assets can be traded called Athos Exchange
Single-sided vault for passive yield farming of athUSD with no impermanent loss

Tokenomics

$ATH is the native token of Athos Finance. Not only is $ATH used as the base collateral of Athos Finance, users can utilize $ATH to facilitate synthetic asset trading and participate in governance decisions.

Token Ticker: $ATH
Total Supply: 100,000,000
Initial Circulating Supply: 2,200,000

The tokenomics breakdown of Athos can be found here: Athos Tokenomics

Athos IDO Details

The ATHOS IDO will be a capped IDO to ensure fairness for everyone, with a user’s maximum investment cap in accordance to the amount of xSTELLA locked. Users are also required to undergo KYC

Overview

Format: Capped First-Come-First-Serve (FCFS)
Platform: StellaSwap’s IDO Launchpad
Funding Amount: $50,000 in aUSD
Tokens Allocated for IDO: 250,000 ATH
ATH Sale Price: 1 ATH = $0.20 aUSD
Vesting: Unlocks 100% 24 hrs after IDO
Eligibility Requirements: 1) xSTELLA Lock & 2) KYC

Timeline

Whitelisting Period: 1 August 14:00 UTC to 11 August 14:00 UTC
ATH IDO Sale: 12 August 16:00 UTC to 15 August 16:00 UTC
Claiming Period: Within 24 hours after the end of the sale. Exact timing will be announced after the IDO is over.
xSTELLA Unlock: Aug 16 (Early withdrawal incurs fee)

Whitelisting Requirements

In order to be eligible for the Athos IDO, users must ensure that they fulfill the following requirements;

Lock xSTELLA: The higher the amount of xSTELLA lock the higher the maximum cap. Max cap for any user is $2,500.

KYC: Users are required to complete KYC in order to be eligible for the IDO sale.

Step-by-Step Guide

Step 1: Lock xSTELLA

Once the IDO page is ready, interested users need to lock xSTELLA at the IDO page for the sale. The maximum cap for a user will depend on the amount of xSTELLA locked.

Step 2: Complete KYC

Users will then need to perform KYC with Fractal ID. Nearing to the date of the IDO, we will post a step-by-step guide to help you complete the process. Only when your KYC is approved can you participate in the IDO.

Note: KYC is completed -> KYC approved

Step 3: Invest

Once your KYC is completed, you are officially whitelisted. You can participate in the IDO sale starting from 5 August 14:00 UTC to 9 August 14:00 UTC. The IDO sale process would be a first-come-first-serve. Once it is fully subscribed, the IDO will end.

Step 4: Claim ATH Tokens

Within 24 hours, users who were successful in getting an allocation on the IDO would be able to claim their ATH. By then, there will be an ATH-GLMR farms by which users can start trading.

Launchpad Sale Whitelist Lucky Draw

Athos will also run a whitelist lucky draw to celebrate the upcoming launchpad sale.

Participation Period: Now until 28 July 23:59 UTC

Rewards: 3 winners each receiving Tier 1 access (max. $250) into the sale.

To be eligible, you must:

Follow Athos Finance & StellaSwap on Twitter
Join Athos Finance Discord and Telegram
Like, quote tweet on our IDO announcement, write at least one sentence and tag 3 friends
Fill in this form: https://forms.gle/DadxVNNHBtbJNhya6

Winners will be notified within 36 hours after the end of the participation period. They will be given Tier 1 access into the sale providing that they complete KYC before the end of the whitelisting period.

IDO Prohibitions

Keep in mind you can only invest if your Fractal KYC is approved! You can’t get your KYC approved if you are a nationals and residents of the following countries;

Afghanistan, Albania, Barbados, Belarus, Bosnia and Herzegovina, Bulgaria, Burkina Faso, Cambodia, Cayman Islands, Central African Republic, Cuba, Democratic People’s Republic of Korea, Democratic Republic of the Congo, Ethiopia, Gibraltar, Haiti, Hong Kong, Iran, Iraq, Jamaica, Jordan, Kosovo, Lebanese Republic, Libya, Macedonia, Mali, Montenegro, Morocco, Myanmar, Nicaragua, Pakistan, Panama, People’s Republic of China, Philippines, Puerto Rico, Russian Federation, Senegal, Serbia, Somalia, South Sudan, Sudan, Syria, Turkey, Uganda, Ukraine, United States Minor Outlying Islands, United States of America, Venezuela, Virgin Islands of the United States, Yemen, Zimbabwe.

About Athos Finance

Athos Finance is the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through synthetic assets with infinite liquidity and no slippage.

Website | Discord | Twitter | Announcements

About StellaSwap

StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.