On Sep 24th, the Miin project appraisal voting event officially ended. Miin received 68.13% “Yes” votes. This means that this project will be officially open for sale on the ONUS Launchpad.
ONUS team officially introduces the Miin (MIIN) Token Sale on the ONUS Launchpad.
MIIN Token Sale Details:
- Launchpad Hard Cap: 80,000,000 MIIN
- Public Sale Token Price: 1 MIIN = 100 VNDC
- Token Sale Format: Deposit VNDC at ONUS Launchpad. MIIN will be distributed evenly based on the amount of VNDC submitted to buy.
- Subscription Period: 13:00 UTC Sep 14
- Allocation Period: 7:00 UTC Sep 15
- Token Distribution: 8:00 UTC Sep 15
- Conditions: all ONUS users with a VIP 2 account (completed KYC Advanced).
Features to be unlocked after the MIIN Allocation period:
- Enable Exchange feature for MIIN/VNDC pair from 8:00 UTC Sep 15.
- Enable On-chain/Off-chain transactions from 8:00 UTC Sep 15: Send and receive MIIN with other users via ONUS and BEP20 networks.
Notes
- 50% Public Sale (100,000,000 MIIN): Unlocked and Distributed via ONUS Launchpad and ONUS DeFi Launchpad.
- 25% Liquidity (50,000,000 MIIN): MIIN/VNDC Liquidity on merely ONUS App at 1 MIIN = 120 VNDC (50,000,000 MIIN and 6,000,000,000 VNDC)
- 5% Retroactive (10,000,000 MIIN): Distributed to the first users to use the product, divided equally by the transaction volume from the time the project is launched to the time of public sale.
- 20% Development Fund (40,000,000 MIIN): Locked. Can be unlocked by community vote for bounty, transaction incentive, community development airdrop, partnership, etc.
Note: ONUS Launchpad is the platform to support projects with their first token sale to the community. Every project goes through an appraisal process from ONUS, ensuring users can access quality projects. However, due to the nature of the market, ONUS will not be liable for any property loss. Investors please learn carefully, make sure you understand the risks, and be cautious when investing.
Details and Instructions
MIIN Launchpad will take place in 04 major phases:
Phase 1: Determine buy options
MIIN tokens are offered for sale in VNDC. The maximum buying option is the maximum amount of VNDC you can use to register to buy, determined by the formula: Maximum buying option = vONUS points * ONUS/VNDC exchange rate at the time of determining the buy option (13:00 UTC Sep 14).
For example, if your point is 1000 vONUS, and the ONUS price at 13:00 UTC Sep 14 is 12,000 VNDC, then you are allowed to use up to 12,000,000 VNDC to register to buy MIIN tokens.
The default buy option for members from VIP 2 and above is 5,000,000 VNDC.
Phase 2: Subscription
Starting at 13:00 UTC Sep 14, we officially open ONUS Subscription.
The period is from 13:00 UTC Sep 14 – 7:00 UTC Sep 15.
The amount of ONUS you submitted will be loaded into the Launchpad Pool of MIIN. These VNDC tokens will be locked temporarily and used after the allocation.
Phase 3: Token Allocation
ONUS will calculate your MIIN allocation at 7:00 UTC Sep 15. You will be allocated the amount of MIIN equivalent to the VNDC rate you submitted in the MIIN Launchpad pool. Thus, you can surely buy MIIN, but the volume will depend on the allocation rate. You may not purchase with the total amount of VNDC deposited. We will return the remaining VNDC.
Phase 4: Claim Token
At 8:00 UTC Sep 15, ONUS will complete the token allocation. ONUS system will automatically transfer this amount to your account.
About Miin and token MIIN
What is Miin?
Miin is a national insurance application for everyone, with which people can buy and store Civil Liability Insurance and use it when participating in traffic.
Miin started in 2019 with a question: “How to make insurance coverage easy for the mass, skipping all the complicated and time-consuming procedures in this industry?”
The Miin app combines the real value of insurance with the efficacy of technology to provide policyholders with an easy way to shop for and manage their insurance coverage, with streamlined processes and competitive rates.
What is MIIN token?
MIIN is the governance token of Miin Insurance, allowing holders to receive benefits from contributing to the development of the project:
- Discount on insurance package: Users who use MIIN to purchase insurance will receive a 10% discount.
- Miin Partner: Users who stake MIIN to become Miin partners will receive commissions according to Miin’s policy.
- Farming: Users who join MIIN farming pools on ONUS will earn MIIN or VNDC with 12-15% APY.
- Profit-sharing: Users who join the Governance Pool get a share from 20% profit and voting rights.
Specifications
- Name: MIIN
- Symbol: MIIN
- Platform: BNB Smart Chain
- Standard: BEP-20
- Maximum total supply: 200,000,000 MIIN
Launchpad Notes and Allocations:
- 50% Public Sale (100,000,000 MIIN): Unlocked and Distributed via ONUS Launchpad and ONUS DeFi Launchpad.
- 25% Liquidity (50,000,000 MIIN): MIIN/VNDC Liquidity on merely ONUS App at 1 MIIN = 120 VNDC (50,000,000 MIIN and 6,000,000,000 VNDC)
- 5% Retroactive (10,000,000 MIIN): Distributed to the first users to use the product, divided equally by the transaction volume from the time the project is launched to the time of public sale.
- 20% Development Fund (40,000,000 MIIN): Locked. Can be unlocked by community vote for bounty, transaction incentive, community development airdrop, partnership, etc.
