Paris, France, December 11th, 2024, Chainwire

Today, Neptune Finance (Neptune), a credit network lending protocol, has commenced its $NEPT Liquidity Bootstrapping Event, which will conclude on December 17, 2024, at 18:00 UTC. 

With a total NEPT token supply of 20,000,000, $NEPT is available on Mito Finance’s Launchpad at an initial listing price of $2 per $NEPT. $NEPT will first trade on Injective DEX markets with CEX listing(s) planned at a later stage. 

INJ tokens are required for the token sale and for gas fees. After depositing, participants’ $INJ will be converted in a proportion of 50% $NEPT and 50% $NEPT/$INJ LP based on their contribution to the sale.

During the sale, $NEPT can be staked, offering different locking tiers and built-in staking utility features and rewards. Vesting for team and investors is 36 months with a linear unlock.

In addition, to promote decentralization, a few top airdrop recipients are expected to have vesting periods after an initial unlock.

Upon successful completion of the sale event, participants will be able to claim their $NEPT, which can be used to stake for account health boosts, access to flash loans, governance voting, and staking rewards. In addition, users will also receive LP tokens. They can either redeem the LP tokens for $NEPT and $INJ or they can keep their LP tokens in the $NEPT/$INJ market to earn yield. If the sale does not reach its subscription goal, all $INJ will be returned. 

Neptune has recently released its updated tokenomics, proven that it provides the best lending rates in the industry and completed key milestones in the development roadmap including loop staking and

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Author: Crypto Daily™