Its time to get re.al, introducing the STGN IFO

Sturgeon is on the brink of something monumental! We're revolutionizing ownership of our protocol by empowering our community through a groundbreaking governance and revenue-controlling token system powered by $STGN. Introducing our innovative Initial Farm Offering (IFO), a fair and unparalleled opportunity through which we are giving away 50% of all $STGN tokens. Yes that’s right anon! a big fat 50 percent

What is an IFO?

Initial Farm Offering is a new and fair way to democratize ownership of Sturgeon and raise some CVR for for initial liquidity and also for runway for the Sturgeon treasury. Users can deposit their Trident ALM LPs to Sturgeon’s IFO vaults which is just like a regular Sturgeon vault, except your yields are automatically exchanged for STGN tokens. 1 CVR yield harvested = 1 STGN token received by the user.

Buy STGN for free!

IFO participants acquire STGN for free. This is not a typo, an IFO is the most sustainable way to participate in a token sale as the user gets to keep the principle while their yield is put to work to acquire STGN at a fixed ratio as mentioned above.

How long does it run?

We are raising 500,000 CVR for 50% of the total STGN supply. The IFO vaults will continue distributing STGN tokens until we reach 500,000 CVR harvested. Afterward the IFO is complete, the vault will be sunset.

Will I get another chance to get STGN?

The IFO is the only way to get your hands on STGN tokens at the moment.

Utilization of CVR raised during the IFO

50% of the CVR raised during the IFO is to be paired with STGN and used as protocol owned liquidity on Pearl Exchange. The remaining CVR will go to the treasury and will be staked for sCVR to generate revenue and support day to day operations in a sustainable manner.

veRWA Airdrop

Since the re.al team is incentivizing holders of both CVR and sCVR we will be distributing 100% of veRWA received as result to participants of our IFO. More details regarding airdrop criteria to be shared soon!

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