FLOAT Genesis — Thurs 6th May
At every stage, we have been aware that community, fairness and long-term thinking is needed to build true crypto money. Our democratic launch of the BANK token (which supports the system and takes profit), with a cap on deposits and a whitelist of active participants, is indicative of this. We went on to have over 3,000 participants and a peak TVL of $1.5bn.
Our Genesis is no different. We want to incentivise people to try the Protocol, have skin in the game and become users. We also want early users to experience how the system works, specifically our Dutch Auctions, which are the special sauce for stabilising the price.