Pacman Finance
  • Welcome, Pacman
    • 🤖Welcome, Pacman
    • 👨‍🌾Multi-liquidity leverage yield farming
    • ⭐LSD Finance
    • 📚C&FOO
  • đŸĻ–Functionality
    • 💰Lending
    • 🎇Leverage Yield Farming
    • âœĄī¸Stake
    • 📔Voting
    • 💸Bribing
      • 📰Bribing Whitelist
    • 🕧Vesting and Getting Rewards
    • 🔃oPAC Strike
    • đŸ•šī¸Roadmap
  • Tokenomics
    • đŸĒ™PAC
      • 🚀veIDO
      • 🧩Init PAC Supply
    • đŸĒ™vePAC
      • đŸĨ”Merge vePAC NFT
      • đŸ’ĩRebase
    • đŸĒ™xPAC
    • đŸĒ™oPAC
    • 🏁Emissions Schedule
    • 🏨Pool Allocation
  • Governance
    • 📓Gauge
    • đŸ’ŧTreasury
  • 🔐Security
    • Audits
    • Bug Bounty Programs
    • Contract Addresses
  • âŒ¨ī¸Additional Information
    • 🎏Brand Assets
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On this page
  • Why Choose veIDO
  • Benefits of participating in veIDO
  • How does veIDO work?
  • Priority White List
  • veIDO purchasing rule
  1. Tokenomics
  2. PAC

veIDO

PreviousPACNextInit PAC Supply

Last updated 2 years ago

Why Choose veIDO

Instead of the common IDO method where only fully unlocked tokens are sold, Pacman Finance implements a new vesting model for vote-escrowed tokens earned through IDO, preventing dumping and promoting long-term investment.

During the vePAC sale, investors were given the option to choose the duration for which they wanted to lock their tokens. This decision directly impacted the number of tokens they received. Those who invested more ETH and chose to lock their tokens for a longer period of time received a higher number of tokens.

It is important to note that we sold vePAC tokens instead of just PAC tokens, which allowed investors to have control over the duration of their lock-up period.

We initialized our PAC-ETH pool with a starting price at which buyers locked their PAC for zero days. As a result, all participants bought PAC (as vePAC) at or below its starting market price.

We will add at least 30% liquidity of veIDO unlock amount.

After the successful completion of veIDO, each investor who joins the lock-up process will receive vePAC. However, vePAC will not be eligible for the discount process. Nevertheless, vePAC holders will receive an additional 10%~50% governance voting power.

Benefits of participating in veIDO

  • Favorable purchase price. We have provided a more favorable purchase discount for all locked-up users who participated in veIDO and minted veNFT.

For all veIDO participating users, no matter which round of veIDO you participate in, all $PAC purchase costs are the same, which can greatly guarantee the fairness of the project.

  • Higher initial voting rights. During the veIDO phase, users can obtain 1.5, 1.3 and 1.1 times of additional vePAC voting bonuses according to their participation rounds.

How does veIDO work?

The total amount of PAC for veIDO: 4,500,000 (15% of the Total Amount)

Users can choose whether to lock their tokens during the IDO. During the veIDO period, users who mint the genesis vePAC NFT will receive a higher strike price for option tokens.

Priority White List

Pacman will offer priority whitelist access to early contributors, allowing them to purchase PAC and vePAC during the early stage of veIDO.

Whitelist users will have around 15 minutes to join veIDO first, after which all users will be able to purchase PAC and vePAC.

veIDO purchasing rule

Total Fundraising cap: 700 ETH

Fundraising cap of PAC (non-lock): 500 ETH

Locking time optionsīŧš180 days, 360 days, 540 days, 720 days.

Pacman will reward all users who stake their vePAC NFT for 720 days by converting it to ERC-20 xPAC. Additionally, the treasury has the ability to buy back xPAC as a priority.

Each address can only attend one round of veIDOīŧ›

Lock period (days)
Token Discount

0

0

180

12.50%

360

25%

540

37.50%

720

50%

veIDO Fundraising cap in three rounds and limitation of each address:

First round non-Lock Fundraising capīŧš150 E

First round Locked Fundraising capīŧš150 E

First Round vePAC Genesis NFT Bonus: 1.5

Personal Minimum Depositīŧˆnon-Lockīŧ‰īŧš0.1 E

Personal Maximum Depositīŧˆnon-Lockīŧ‰īŧš5 E

Personal Minimum DepositīŧˆLockīŧ‰īŧš1 E

Personal Maximum DepositīŧˆLockīŧ‰īŧš5 E

Second round non-Lock Fundraising capīŧš150 E

Second round Locked Fundraising capīŧš50 E

Second Round vePAC Genesis NFT Bonus: 1.3

Personal Minimum Depositīŧˆnon-Lockīŧ‰īŧš0.1 E

Personal Maximum Depositīŧˆnon-Lockīŧ‰īŧš2 E

Personal Minimum DepositīŧˆLockīŧ‰īŧš1 E

Personal Maximum DepositīŧˆLockīŧ‰īŧš5 E

Third round non-Lock Fundraising capīŧš200 ETH

Third round Locked Fundraising capīŧš0 E

Third Round vePAC Genesis NFT Bonus: 1.1

Personal Minimum Depositīŧˆnon-Lockīŧ‰īŧš0.1 E

Personal Maximum Depositīŧˆnon-Lockīŧ‰īŧš1 E

Personal Minimum DepositīŧˆLockīŧ‰īŧš0 E

Personal Maximum DepositīŧˆLockīŧ‰īŧš0 E

Here is an example of veIDO:

Token for sale: 4,500,000 PAC

Total deposits: $1,260,000

Total PAC weight: 1,589,143

PAC Init Price: $0.353

FDV: $10,594,286

Example
ETH deposited
Lock period (months)
Lock period (days)
Token Discount
Token Weight
Token allocation
veToken Weight
Vetoken Ratio - First Round
veToken received - First Round
Price per Token

User 1

$324,000

24

720

50.00%

648,000

1,834,951

1,157,142

1.5

1,735,714

0.1765714286

User 2

0

24

720

50.00%

0

0

0

1.5

0

0

User 3

0

12

360

25.00%

0

0

0

0.75

0

0

User 4

$36,000

6

180

12.50%

41,143

116,606

128,571

0.375

48,214

0.309

User 5

$900,000

0

0

0.00%

900,000

2,548,544

0

0

0

0.353142

User 6

$0

0

0

0.00%

0

0

0

User 7

$0

0

0

0.00%

0

0

0

User 8

$0

0

0

0.00%

0

0

0

User 9

$0

0

0

0.00%

0

0

0

User 10

$0

0

0

0.00%

0

0

0

Users can use the following links to calculate the parameters of the veIDO phase:

According to the rules of veIDO, the listing price range of $PAC is around $0.36, with a maximum CM of $0.9M and FDV is around $10M.

We may adjust the above parameters before the official veIDO, please follow our official Twitter for details

Lower oPAC strike price. Holding can help you obtain $PAC at a lower strike price in the early stage of the project.

Enjoy priority repurchase rights. For the converted by the 2-years locked Genesis veNFT in the veIDO phase, the team will conduct a priority buyback.

We will open three rounds of veIDO, each with different rules and fundraising caps. The nominal price of each round of veIDO will be consecutive. The nominal price of the second round of PAC will be higher than the price in the first round, and the nominal price of the third round will be higher than the price in the second round. The final listing price of PAC tokens will not be related to the round number of the veIDO attended by users. Therefore, all users who join any round of veIDO will have the same cost at the end. The round will only influence the .

đŸĒ™
🚀
xPAC
https://docs.google.com/spreadsheets/d/1cznwK0pxes8RXCfxTQNwpS2yhPNv5uC6C1TMkLYGebQ/edit#gid=0
Genesis veNFT
voting weight of their genesis vePAC NFT