Currently, on the market there are many DeFi projects with their own advantages and disadvantages. The projects are still on many different blockchain platforms, and the problem of interoperability between chains is relatively difficult. Therefore, solutions for aggregating liquidity between different chains are essential and optimizing the efficiency of asset use is also a matter of concern. Pontoon was born to solve the above.
Today, Techtipsnreview will provide you with detailed information about the Pontoon project, including:
- What is Pontoon? What makes these tokens stand out?
- How can TOON Token be earned?
- How to store and trade TOON Token?
- The teams issue tokens similar to Pontoon so that you can evaluate the development potential of this project.
Let’s find out together!
What is Pontoon?
Pontoon is a liquidity protocol cross-chainwhich allows to aggregate liquidity between many different Layer 1 and Layer 2 blockchains such as ETH, BSC, HECO Chain,,… and also Optimism – Layer 2 scaling solution on Ethereum, with support of Relayer network and liquidity mining program for liquidity contributors between different chains.
Highlights of Pontoon
Pontoon is a project including but not limited to the following outstanding features:
- Decentralized Relayer Network: The decentralized Relayer network allows for zero-fee cross-chain transactions and eliminates the issue of trust.
- Trustless Cross-Chain Bridge: The Relayer network provides the ability to smoothly trade and swap tokens between different chains.
- Cross-Chain Liquidity: Users can provide liquidity and get rewards in the form of Pontoon Token, $TOON between various chains.
- Composability: Pontoon is designed to work well with DeFi applications without any problems. Pontoon allows liquidity flows to be aggregated on a multi-chain to unlock efficiently unused assets without any intermediaries.
In addition, Pontoon’s design also offers a simple user experience, unlimited access to asset classes, and the ability to aggregate liquidity with just a few simple taps.
Token Information Pontoon (TOON)
Key Metrics TOON
Basic information about Pontoon token:
- Token Name: Pontoon.
- Ticker: TOON.
- Blockchain: Binance Smart Chain.
- Token Standard: BEP-20.
- Contract: Updating…
- Token Type: Governance, Utility.
- Total Supply: 100,000,000 TOON.
- Circulating Supply: Updating…
TOON Token Allocation
The total amount of TOON tokens will be divided as follows:
- Token Sale: 21%, of which:
- Seed Round: 6.5%.
- Private Round: 8.5%.
- Strategic Round: 4.0%.
- Public Sale: 2.0%.
- Ecosystem and Marketing: 29%.
- Community Rewards: 35%.
- Team & Advisors: 15%.
TOON Token Sale
The selling prices of TOON Tokens of the fundraising rounds, details are as follows:
In addition, Pontoon will open a public sale on Hot Cross in the form of Innitial Hot Cross Offering (IHO) and also the first IHO project on Hot Cross.
Details of the TOON sale on IHO are as follows:
- Token Name: TOON.
- Binance Launchpad Sale Allocation: 2,000,000 TOON (2% total supply).
- Total raise: $700,000.
- Sale price: $0.35/TOON.
- Token sale mechanism: Register (Whitelist) and KYC identity (wallet registered to buy IHO must KYC).
- IHO date: October 28, 2021.
- Deadline for registration: October 25, 2021.
More details about time and how to register can refer to here.
Disclaimer: All information in this article is for informational purposes only and should NOT be considered investment advice. Investing in cryptocurrencies involves extremely high risk and you should only invest the amount that you are willing to lose.
TOON Token Release Schedule
- Seed round – 6.5%: Pay 10% after 3 months of listings, and cliff within 4 months, then pay linear within 9 months (total 17 months).
- Private Round – 8.5%: Pay 15% after 3 months of listings, and cliff within 4 months, then pay linear within 9 months (total 17 months).
- Strategic Round – 4.0%: Pay 10% after 3 months of listings, and cliff within 4 months, then pay linear within 9 months (total 17 months).
- Public Sale – 2.0%: Instant unlock.
- Ecosystem and Marketing – 29%: Pay 10% at TGE and pay linear within 24 months.
- Community Rewards – 35%: Pay 10% at TGE and pay linear within 36 months.
- Team & Advisors – 15%: Unlock 25% every 6 months after 6 cliff months.
TOON Token Use Case
The specific utilities of TOON Tokens are as follows:
- Governance: Holding TOON allows you to vote on the direction of the protocol and the allocation of funds in the project’s Treasury.
- LP Incentives for LPs and Relayers: Liquidity Providers will be incentivized to provide liquidity to each network and receive rewards.
- Proof of Stake Relayer Network: TOON will be used to secure the network by validators running relayer nodes and they will be entitled to transaction fees.
How to earn and own TOON Token
To own TOON token, you can:
- Become validators to secure the Pontoon network and receive rewards from transaction fees.
- Provides liquidity to the network.
TOON Token exchange & storage wallet
TOON . storage wallet
TOON has not been released yet, so I will follow and update you when there is the latest information on how to store TOON.
TOON . Exchange
Updating…
Roadmaps & Updates
Q2/2021
- Audit of LP mining programs and bridges’ contracts.
Q3/2021
- Finalize the structure that incentivizes users to provide liquidity.
- End of fundraising for private, seed, strategic rounds.
Q4/2021
- Open for sale Public Sale.
- Token Generation Event.
- Incentivize the launch of Pontoon’s Testnet.
Q1/2022
- Complete Cross-chain bridge between blockchains like Ethereum, BSC, Polygon.
- Improved Relayer mesh for xDai and Avalanche.
- Complete the engine that combines interactions between strings.
Q2/2022
- Complete the Relayer Proof-of-Stakes network under the support of Substrate Parachain.
- Towards the model of governance by the community.
- Added Cross-chain yield farming feature, i.e. farming profits between multiple chains.
- Completing the cross-chain lending protocol with the Composability Engine.
Project team, investors & partners
Project team
Currently, there is very little information about the project team. I and the team will update more as soon as the latest updates are available.
Investors
Pontoon has raised over $3.2M for a strategic funding round. The investment team in the project includes many large funds such as Morningstar Ventures, X21 Capital, Genblock Capital, ..
Supported chains
Pontoon will be supported and cross-chain interoperability between layer 1 blockchains like Ethereum, Binance Smart Chain, Huobi Eco Chain, Polygon and even layer 2 like Optimism.
Similar projects
Updating…
Conclude
Above is all information about Pontoon and TOON Token for you to have more knowledge when learning about the project and making your own judgments. Hopefully, this article will help readers gain more value.
If you have any questions, please comment below to discuss with Techtipsnreview! Don’t forget to subscribe and join Techtipsnreview Insights’ groups and channels below to discuss with admins and many other community members:
Source: What is Pontoon (TOON)? Complete set of TOON cryptocurrencies
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