Integral Public Seed Round
Invest early with the best VCs on equal terms
April 22nd, 15:30 GMT at https://sale.integral.link (will go live closer to the start)
A PDF version of sale deck can be viewed here.
A Russian version of sale deck can be viewed here. (Shoutout to our hero @SmpIR for the translation!)
Invest early with the best VCs on equal terms
There is no pre-sale. The only outside funding we have received is from Gitcoin donors. We offer you the same deal that the best VCs get if you are willing to think long-term and take on the same longer vesting.
Everyone before (including farmers) and at this public sale is vested and is long-term aligned. Flippers have been kept out.
We believe that this is a viable model for the future of venture investing.
Sale Mechanics
The sale runs for 6 days, where the price is determined at the end based on total contribution. In other words, everyone gets the same price. No front-running.
You can allocate your contribution between two options. Option 1 is the main event and includes most of the supply. It has longer vesting with a steeper discount.
Because everyone is vested, there is limited selling pressure at the listing (late May).
On Day 1, Option 1 will earn a small early believer bonus (For every 1 ITGR purchased, receive 0.05 more ITGR).
Token Model & Metrics
All protocol values will accrue to ITGR holders. Owners of enough ITGR will be able to trade for free. This model economically captures all trading fees while incentivizing long-term holding. Owning ITGR is owning a piece of future crypto GDP.
Additionally, you will be able to stake ITGR for inflation yield and use ITGR as collateral in other protocols.
Token supply: 30,000 ITGR
40% to farming programs with vesting (12% farmed by the time of listing)
25% to founders and employees with 3-year vesting
25% to public seed round with vesting
5% to advisors and collaborators with 3-year vesting
5% to supply listing pools over time
All vesting starts from listing in late May and then linearly distributed over time.
Actionables
Mark your calendar for April 22nd launch. Catch the Day 1 bonus.
Share this with your 2 best crypto friends. Here is our Docsend deck.
Subscribe to our Substack Blog for the latest announcements.
Project Overview
10,000x Vision: Building the Last Exchange
Our primary research question was: "What would be the final form of AMMs?" And the answer: "One that eats other exchanges' liquidity." We are molding Integral based on this final form, for it to become the last exchange.
Whenever another exchange tries to beat us with better liquidity, we mirror their liquidity onto ourselves until we regain the world's best liquidity again. This process can be thought of as a continuous vampire attack until all world liquidity is integrated by us.
As we crush incumbents, we will start building out a competitive market clearing functionality that allows people to bid on providing market-making strategies. As we prepare for the end of world liquidity around us, we can then wean off the mirroring, and start to function independently as the last exchange.
Launch Week Numbers
$750M+ TVL.
On a $100k ETH-LINK trade, save $380 compared to Coinbase Pro and $355 compared to Sushiswap (best pair liquidity in CeFi & DeFi).
ETH-LINK sustainably mirrors Sushiswap’s $200M+ pool with a mere $10M+.
3,700+ strong in Discord w/ 440 volunteers.
Team
We are a self-funded team of nine (including 4 friends from Harvard) working with the Ethereum and DeFi OG community.
Our professional backgrounds: Academia in top US universities, Quants from top 5 US shops, General Partner at the longest running crypto hedge fund, Tech lead at a series C SV startup, Growth lead from a top crypto project, SC experts from the Ethereum community.
Our daily collaborators include a collaborator on the Ethereum yellow paper, a current ConsenSys PM, an ex-ConsenSys SC expert, an ex-OpenZeppelin SC expert.
Advisors
Rob Leshner, Founder of Compound
Olaf Carlson-Wee, Founder of Polychain Capital
Michael & Vance, Framework Ventures
Tarun Chitra, Founder of Gauntlet
Funding History
We are a fair launch project. There was no pre-sale.
Our only outside funding is from Gitcoin grants (we are the #1 dapp in GR 9).
Learn More About Integral
Sale Website (will go live closer to the start)
Disclaimer: Integral prohibits access to its public sale from China/Canada/US due to regulatory uncertainty in those jurisdictions. China/Canada/US-based IPs will be blocked on the public sale website. Please read Risk Factor Exhibit before participating in this sale.
"The Last Exchange"という言葉が好きだ。応援する。
Exciting project! Will more information be provided on price determination? And will the total amount of capital invested over the course of 6 days be disclosed?