Convergence

Convergence Finance is thrilled to announce the private sale of Terra ’s tokens $LUNA on Convergence Offering (ConvO). This offering will kick start the ConvO offering on Moonbeam Network with optimized subscription fees for the end-to-end subscription experience.fLUNA will be our 2nd private sale of existing prominent projects to make private markets public after fMATIC. Convergers will be able to access prominent project tokens at a reduced price as compared to the market price which is not publicly available, this also enables price discovery of the corresponding project token during the lock-up period of the future tokens.About Terra and $LUNAThe Terra protocol is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency. Users can spend, save, trade, or exchange Terra stablecoins $UST instantly, all on the Terra blockchain.$LUNA provides its holders with staking rewards and governance power. The Terra ecosystem is a quickly expanding network of decentralized applications, creating a stable demand for Terra and increasing the price of $LUNA.The $LUNA token will continue to exist and will play an increasingly important role, securing the system and enabling governance.Click <a href="https://www.terra.money/" rel="noopener noreferrer nofollow">here</a> to learn more about Terra.fLUNA Private Sale Details<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bdebc7e8732d492fb80948285c5b5ac6.jpg" />fLUNA Private Sale Timeline<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5f41c448f425416b9852306aba1e849c.jpg" />How to Subscribe?Part 1: Apply for WhitelistLike our previous offerings, there will be two pools for the upcoming offering on the ConvO platform — public and premium. There is no specific requirement to participate in the public pool and each public pool whitelist applicant has 1 lottery ticket.You may join our giveaway via <a href="https://bit.ly/3L1ZnAX" rel="noopener noreferrer nofollow">https://bit.ly/3L1ZnAX</a> (closing on Mar 28 at 8 am UTC) to win 1 of the 5 guaranteed public pool subscription spots.However, to ensure our long-term supporters have fair access to the offerings, there will be a premium pool to allow incremental lottery tickets for a higher chance of selection for large-value stakers.As Convergence is now a multi-chain protocol and $CONV is a multi-chain token on both Ethereum and Moonbeam network, to qualify for premium pool whitelist selection, you will need to have a combined 100,000 CONV / worth in CONV multi-chain staking balance that may include any of the following pools —<ol><li>CONV in single-sided staking pool on Moonbeam and/or Ethereum Chain; or</li><li>CONV-ceWETH / CONV-ceUSDT LP tokens in Farm on Moonbeam: or</li><li>CONV-ETH / CONV-USDT LP tokens in Farm on Ethereum</li></ol>Regardless of how users are participating in the premium pool, users must stake their CONV / CONV-related LP tokens with a last 7-day average staking balance of 100,000 CONV before KYC is sent to successful whitelisted addresses, which is from 22 March 2022 8:00 UTC to 28 March 2022 8:00 UTC, to secure a spot in the premium pool.A L7D multi-chain staking balance snapshot will be taken daily at a random time from 22 March 2022 8:00 UTC to 28 March 2022 8:00 UTC to determine whether the applied users fulfil the premium pool criteria in case of a changing staking balance.Please note that premium stakers of 100,000 CONV or equivalent value of CONV-LP tokens in Farm will be entitled to (1) lottery ticket in the premium access pool. Each staker is allowed a maximum of (10) lottery tickets per 100,000 CONV holding. For example:<ul><li>Alice will be entitled to (2) premium pool lottery tickets if she stakes 200,000 CONV on Moonbeam</li><li>Bob will be entitled to (5) premium pool lottery tickets if he stakes 100,000 CONV on Ethereum and 400,000 CONV on Moonbeam</li><li>Charlie will be entitled to ONLY (10) premium lottery tickets even if he stakes 20,000,000 CONV</li><li>Doug will be entitled to (2) premium pool lottery tickets if he stakes 100,000 CONV on Moonbeam and also 100,000 CONV worth of CONV-ETH LP tokens on Ethereum</li><li>Emily will be entitled to (0) premium pool lottery tickets if she stakes 50,000 CONV on Moonbeam and also 50,000 CONV worth of CONV-ceWETH LP on 28 March</li><li>Felix will be entitled to (1) premium pool lottery tickets if he stakes 600,000 CONV on Moonbeam and also 100,000 CONV worth of CONV-ceWETH LP on 28 March</li></ul>Part 2: Selected for Whitelist &amp; Complete KYCAfter the whitelist application is closed, in the event of oversubscription, Convergence team will use Chainlink VRF (Verified Random Function) to ensure fair application selection for both public and premium pool.We will announce the whitelist addresses selection result via our official Twitter so that selected applicants can proceed to the KYC submission stage, including the 5 winners of the public pool whitelist spot from the upcoming giveaway.Selected applicants will need to submit their info and pass KYC and AML requirements. If you have previously participated in our other offerings (ƒLITH/ƒLIKE/ƒMATIC) and have completed successfully for KYC, you would not need to re-submit.Please note that<ul><li>Citizens from the following countries will not be eligible to take part in our private-sale token offering: Afghanistan, Angola, Azerbaijan, Belarus, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Chad, Comoros, China, Congo, Congo (Democratic Republic), Cuba, Eritrea, Ethiopia, Ghana, Guinea, Guinea-Bissau, Haiti, Hong Kong, Iran, Iraq, Lao People’s Democratic Republic, Libya, Liberia, Madagascar, Mozambique, Nicaragua, North Korea, Pakistan, Panama, Russia, Seychelles, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Tajikistan, Thailand, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, United States, Uzbekistan, Vanuatu, Venezuela, Virgin Islands (U.S.), Yemen, Zimbabwe.</li><li>KYC submission emails will be sent via our official email, admin&#64;conv.finance. If you receive any communication prior to 4 April 2022 asking for KYC or any personal information, it is NOT from Convergence Finance. We will also never ask you to send funds directly or your private keys/recovery phrase etc.</li><li>In the case of any disputes, Convergence Finance reserves the right of final decision.</li></ul>Part 3: Join the Token SubscriptionOnly whitelisted addresses that have completed KYC will be able to access ConvO for the Terra private-sale token offering in both premium access and public pools. We will do a whitelist successful announcement via our official Twitter so that lucky whitelisted users will be able to join the token subscription and enter the premium/public pool to confirm their subscription amount and claim the allocation afterwards.How can I still participate if I’m not selected from the whitelist application?Fret not! You would be able to buy the discounted $fLUNA tokens directly on ConvX once the swap pool is launched after the token subscription period opens.What will be the ƒLUNA token price?The ƒLUNA token price would be a ~50% discount of the $LUNA market price as of 21 March 2022 of the offering announcement date. The discount % is subject to changes in case of any sudden price movement before the subscription date.Stay tuned to our twitter announcements for the guaranteed public spots giveaway and key phases of the fLUNA whitelist application or subscription!About Convergence FinanceConvergence is the first AMM to make private tokens interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.Official LinksWebsite /<a href="https://discord.com/invite/aFpysWGZte" rel="noopener noreferrer nofollow"> Discord</a> /<a href="https://t.me/convergencefinanceofficial" rel="noopener noreferrer nofollow"> Telegram</a> /<a href="https://twitter.com/ConvergenceFin" rel="noopener noreferrer nofollow"> Twitter</a> / <a href="https://conv.finance/Convergence_whitepaper.pdf" rel="noopener noreferrer nofollow">Whitepaper</a>

Convergence Finance Offers $LUNA Private-Sale Tokens to the Public

Convergence

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