What is Divergence (DIVER)
When it comes to managing price risk, existing decentralized futures and perpetual products offer linear risk exposures for a limited number of major assets. Options, on the other hand, as a less-developed product, can provide a non-linear risk-reward structure. This allows options traders to build leveraged positions in assets at a lower cost than making an outright transaction.
To fill this gap, Divergence is developing a range of decentralized volatility derivatives and volatility index products with the aim of becoming the go-to platform for:
- Risk-averse users seeking to hedge volatility risks
- Risk-tolerant users seeking to trade and gain leveraged exposure to volatility
- Risk-neutral users seeking to participate as liquidity providers and earning fees
Details
IDO (SushiSwap Miso Launchpad): Sep 20, 2021 – Sep 20, 2021
Token supply: 1,000,000,000 DIVER
Total tokens for sale: 20,000,000 DIVER
Hard cap: 2,000,000 USD
Raised: 2,900,000 USD
Legal
Registration year: 2021
Token info
Ticker: DIVER
Token price in USD: 1 DIVER = 0.1 USD
Accepted currencies: USDC
Token distribution:
Seed Round – 5.00
Private Round – 8.00
Strategic Round – 2.00
Public Round (Decentralized Offering) – 2.00
Community Rewards – 34.00
Reserves – 20.00
Ecosystem Fund – 10.00
Developers & Early Backers – 15.00
Liquidity Provision Fund – 4.00