PembRock (PEM)

PembRock (PEM)

Platform

1 PEM = 0.1 USD

PembRock Finance is the first leveraged yield farming application on NEAR Protocol. Benefit from greater liquidity for larger yields — all on the NEAR blockchain!

Whitepaper Website
Start:

May 16, 2022 00:00:00

End:

May 31, 2022 00:00:00

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ICO Details

ICO Details
View Details such as General, Token Supply & More
PembRock (PEM) Token Sale Details
Ticker Symbol:

PEM

Blockchain Network:

Binance Smart Chain

Token Type:

BEP20

Category:

Platform

ICO Token Sale Price:

1 PEM = 0.1 USD

Launchpad:

SmartPad Launchpad

Rating:

Token Metrics & Distribution
Total Supply:

160,000,000 PEM

Investors:

26,000,000 PEM

Treasury:

24,000,000 PEM

Incentives:

20,000,000 PEM

Others:

64,000,000 PEM

Investors 16.25%
Treasury 15.00%
Incentives 12.50%
Others 40.00%
Token Sale Price
Social Media
About PembRock (PEM)

What is PembRock?

PembRock Finance is the first leveraged yield farming application on NEAR Protocol. Benefit from greater liquidity for larger yields — all on the NEAR blockchain!

PembRock is the first leveraged yield farming protocol built on the NEAR blockchain. Users can provide liquidity, farm with leverage, stake, and take governance decisions to secure the future of the platform, all on a fast, secure, cheap, and user-friendly blockchain.

PembRock Unique Features

Like our developers, NEAR Protocol wishes to accelerate the dream of DeFi as an integral part of Web 3.0 that is accessible to all. NEAR:
  • Is a fast, inexpensive and carbon-neutral blockchain.
  • Incorporates a user-friendly wallet.
  • Operates with the Delegated Proof of Stake (DPoS) consensus mechanism, encouraging greater community participation.
  • Has a large dedicated community.
One of the most exciting things about NEAR is its promotion of Guilds — teams of developers from the community who are creating innovative apps that are accessible to all users, which is one of the important aspects of continued DeFi growth. PembRock Finance is supported by both INC4 and Minerall Guilds in its development.
The NEAR ecosystem is expanding, with volume on DEXs such as Ref.finance increasing. With the demand for NEAR’s native products and a desire by crypto users to get maximum returns, now is a great time for PembRock Finance’s release. The NEAR Team seems to agree, which is why they provided us with a grant to assist us with the development of PembRock.
PembRock Unique Features
PembRock Unique Features

Roadmap

Q1 2022
✅ Obtained grant from NEAR Foundation
✅ Fundamental research of crypto-economics and farming projects
✅ Developed contract architecture, vesting contract, borrow/lending mechanics, and basic yield farming
✅ Integration with Ref. finance
✅ Design system creation and implementation
✅ Social Media set-up & introduction of PembRock in the NEAR ecosystem
✅ $PEM Tokenomics finalized
✅ $PEM Token deployed on mainnet
✅ The first round of token sale completed
✅ Succesful partnership
✅ Vesting contact deployed to mainnet & web application launched for early contributors.
Q2 2022
Developed the liquidation of positions
Audit of smart contracts
Rainbow Bridge integration
Partnership with leading NEAR Projects (Meta Yield, Skyward, Boca Chica, Jumbo)
Design of PembRock Personalities
$PEM Token IDO
Listing on DEXes
Creation of Liquidity pools
Creation of user guides and educational content.
Q3 2022
Launch of LP incentivization program
App launch with deposit function
App full launch with leveraged farming
Staking mechanism enable
Integration with NEAR farming platforms
Application UI/UX improvements
Adding new farms and assets to the platform
Adding farming strategies and more educational content.
Q4 2022
DAO launching
Building the community’s best-in-class support
New Partnerships and Integrations
Application UI/UX improvements
Enlarge the leverage farming opportunities for users
Development Goals
Development Goals

PembRock Token Economy

Token name: PembRock Finance Token
Token ticker: PEM
Total supply: 160 000 000 PEM
Blockchain: NEAR Protocol
PEM is the native token that helps PembRock Finance to function. It is used:
  • To stake within the PembRock Finance ecosystem — with rewards paid out in PEM.
  • As a part of our reward mechanism for interacting with our protocol.
  • As an additional bonus for those who provide funds to our liquidity pools.
  • For DAO participation — users can stake PEM to receive xPEM, our governance token.

Detailed Token Metrics

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Token Distribution

DAO Balance for future projects: 40%
IDO: 5%
Community Treasury: 15%
Long term investors: 16.25%
PembRock Labs Incentives: 12.5%
LP incentivization program: 7.5%
Early PEM contributors & NEAR Ecosystem: 2.25%
Initial LP on Ref.finance: 1.5%

Token Distribution
Token Distribution

Token Release Schedule

DAO Balance for future projects: 120 month linear unlock (unlock from April 2023)

IDO: 9 month linear unlock (depending on the platform)

Community Treasury: 60 month linear unlock

Long term investors: 24 month lockup (linear unlock starts from buying date) 12-month lockup (linear unlock starts after 12 months from the purchase date)

PembRock Labs Incentives: 48 month linear unlock (unlocked for development from February 2023)

LP incentivization program: 6 month linear unlock

Early PEM contributors & NEAR Ecosystem:

12 month linear unlock (unlock from April 2023).

Advisors incentivisation: 12 month linear unlock (unlock from February 2023).

NEAR Ecosystem: 6 month linear unlock (unlock from April 2023)

Initial LP on Ref.finance: no vesting period
Token Release Schedule
Token Release Schedule

Partners & Advisors

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Team Members

Team Members
Team Members

Investors

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