The auction link will be announced on October 11th, please follow ourTwitter

• In the DeFi ecosystem: Strips Finance is the first derivatives DEX that unlocks fixed-rate transactions.

• Strips Finance is backed by Multicoin Capital, Sequoia Capital, Mechanism Capital, Crypto.com and others.

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auction details

1. Start time: October 13, 2021 at 10:00 AM EST (10:00 PM Beijing time)

2. End time: October 14, 2021 at 10:00 am EST (10:00 pm Beijing time)

3. Highest bid: $5 / STRP

4. Minimum bid: $1 / STRP

5. Auction supply: 750,000 STRP (0.75% of supply)

6. Tokens used in the auction: USDC

7. Duration: 24 hours

8. Auction method: Dutch auction

9. Auction link: October 11 (to be determined) (please follow ourtwitter /telegram/discord)

Strips Finance ($STRP) will start fromBeginning at 10:00 am EST on October 13 (10:00 pm Beijing time) and will end at 10:00 am (10:00 pm Beijing time) on October 14, 2021, IDO through MISO on Sushiswap, lasting 24 hours. (The public sale of Strips x MISO will be in conjunction with ourPolkastarter Token Saletogether.

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What is Strips.Finance?

Strips is the first interest rate derivatives exchange based on Arbitrum and BSC. Based on the view that interest rate is the meta-rule of finance. Strips allow users to trade, and trade rates using leverage. We offer all interest rate derivatives for interest rate derivatives, structured products and fixed income products.

Our vision is to accelerate the transition from traditional finance to decentralized finance by building a DEX to trade interest rates. To make this dream come true, we have brought together top-notch financial engineers, portfolio managers, and solidity developers. We invite you to join our DeFi revolution. Our backers include Mechanism Capital, Crypto.com, DeFi Alliance, and more.

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IDO process

Strips will conduct an IDO on Sushiswap’s MISO.

Participation steps:

Note, we recommend using Chrome + Metamask to participate in the public sale.

1. Make sure you are connected to the Ethereum network

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3. Users can deposit (Deposit) USDC from October 13, 2021 at 10:00 am EST (10:00 pm Beijing time) to October 14, 2021 at 10 am EST (10:00 pm Beijing time) .

4. Once the STRP pool is snapped up, the auction process will end and STRP tokens will be distributed based on the closing price.

Token distribution

Token distribution

• Community: 50%

• Strips Ecological Fund: 15%

• Team: 15% (3-year linear unlock)

• Seed round: 10% (3 years linear unlocking)

• Private placement round: 10% (2-year linear unlock)

Maximum initial circulation: 4.71 million tokens

After MISO and Polkastarter successfully complete the public offering, 4,718,000 tokens will enter circulation. After MISO and Polkastarter successfully complete the public offering, 4,718,000 tokens will enter circulation. billion - $500 million. The result depends on the final token price.

The higher the post-public sale valuation of STRP tokens, the higher the value of the community rewards that will be distributed to Strips users in the weeks and months ahead.

We are very excited to mark this milestone on our journey and are very excited to welcome long-term Holders from the community to our ranks. For more latest news, please follow ourtwitter, and visit our websitehttps://strips.finance。