Author: Xiao Zhongge
Editor: Xiao Zhongge
Coral Finance is a decentralized derivatives trading platform based on premium transactions. It is the first independent ecological project that Zebec Labs invested 1.5 million US dollars and introduced to Nautilus Chain for incubation. Following Poseiswap, Coral Finance will also usher in community benefits-PASS cards will be sold in limited quantities. Zebec Labs has very strict control over the project. Currently, it has only invested in two ecological projects, Poseiswap and Coral Finance. Poseiswap can be understood as a project created by the official itself, while Coral Finance is a project invested by Zebec Labs externally. Investing and devoting resources to support an externally introduced project requires more rigorous screening. It can be seen that Zebec Labs recognizes and attaches importance to Coral Finance. Coral Finance will also become one of the very core ecosystems of Nautilus Chain.
In addition to Zebec Labs, other institutional investors include Cipholio Ventures, Emurgo Venture, CatcherVC, Bifinance, etc.
A few days ago, Zebec founder Sam also mentioned Coral Finance in a dialogue with the community, and received Sam's praise. This shows that Zebec officials attach great importance to Coral Finance.
Coral Finance officially announced that it will officially launch the PASS card at 12:00 noon on August 22, 2023 (Beijing time), with a limited issue of 1,000 cards. With a Pass card, you can become one of the first contributors to benefit from the growth of Coral Finance.
1. Subscription form
This time, Coral Finance's community round subscription is in the form of PASS cards. Community members can obtain the corresponding number of CORLs and rights by purchasing PASS cards. The sale of PASS cards is open to all community members.
Total number of PASS cards issued: 1,000
The price of each PASS card is: 1000U/card. Based on the community round price of 0.04U, a total of 25,000 CORLs are obtained.
Release rules: TGE (release on launch) 5%, lock-up for 5 months, release 7.916% every month starting from the 6th month, and release in one year
Other benefits of PASS card:
As early contributors to the project, Coral Finance will give PASS card holders 1% of the total issuance, which is 5 million CORL. Each PASS card holder can get 5,000 CORL airdrops.
The node holding address participates in the subscription and receives an additional 3,000 CORL.
PASS card holders will have priority in participating in all future activities.
2. Reasons for subscription
The institutional round is 0.02, and the community round is 0.04. The difference between the institutional price and the community round is small, only twice the difference. The price is very low, which shows the sincerity of the official
The institutional round release is TGE10%, which is locked for 6 months. Starting from the 7th month, the remaining 90% is linearly released over 24 months. The community round is TGE5%, which is locked for 5 months. Starting from the 6th month, the remaining 95% is linearly released over 12 months. The lock-up period is one year shorter than that of the institution.
Coral Finance is not a hype project, but has strong financial, ecological and incubation support from Zebec and various institutions. It also has a wide network of more than 100 partners. There are mature communities and ambassadors in the more active crypto countries around the world, which will accelerate its development at critical moments.
According to CORL’s economic model, the circulation volume was only about 4% for a long period of time, so the pressure on market value was very small.
With a PASS card, you can also get an airdrop of 5,000 CORL, with an average cost of 0.033U. Referring to the price of POSE, it is currently 1.5U, which is 15 times the institutional round. If CORL is also calculated at 15 times the institutional round, the price is 0.3U, then the value of these 5,000 airdrops is 1,500U, which has exceeded the subscription value of 1,000U. The subscribed 25,000 pieces are white Piao
If the subscription is made through a node address, the official will also give away an additional 3,000 CORLs, so: 25,000 + 5,000 + 3,000 = 33,000. The average cost becomes: 0.03U, which is very close to the institutional price
3. Growth Potential
Coral Finance has great growth potential. It has its own innovative premium transactions and premium incentives, which can inject new vitality into DeFi. With the support and incubation of many institutions and the community foundation it has laid, I believe it has unlimited potential, and PASS card holders will benefit from the growth of Coral Finance. The following similar benchmark projects, as long as they reach the market value of OHM, have more than 100 times the space. What is your expectation?
Subscription channel: https://www.coraldex.finance/
Subscription code: JN6S8
