1/ @UmbraPrivacy has its @MetaDAOProject ICO going live today.
Let’s dive into what this project plans is and their tokenomics.
2/ @UmbraPrivacy is a privacy layer built on Solana that leverages @ArciumHQ's Multi-Party Computation (MCP) to enable transactions that remain private while still being verifiable on-chain.
@UmbraPrivacy @ArciumHQ 3/ At launch @UmbraPrivacy will focus on private transfers, but plans to expand to private swaps, liquidity pools, NFTs, and other privacy related features.
The protocol plans to get revenue through fees on withdrawals, tiered private transactions, and SDK monetization.
@UmbraPrivacy @ArciumHQ 4/ The @UmbraPrivacy raise will target $750K for 35% of the 28.5M token supply. This supply will be broken down into:
- 10M for the raise participants
- 5M tokens for liquidity
- 13.5M tokens for Team/Backers (locked for 18 months)
@UmbraPrivacy @ArciumHQ 5/ Post-raise, liquidity, USDC, and mint authority transfer to a DAO, giving the community control from day one.
The @UmbraPrivacy team plans to use ~$34K monthly of the raised funds for audits, compliance, infrastructure, and hiring.
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