Can the new GRAIL project FactorDAO be as popular as TROVE?

Original author: Jaleel, BlockBeats

With the development of the DEX protocol Camelot, the Arbitrum ecosystem continues to thrive, and the price of Camelot's native token GRAIL has risen from 200 to 2000 USD. After the completion of the Arbitrove sale, Camelot will launch another project's public sale today, FactorDAO. This article will introduce what FactorDAO does and how to participate in this Public Sale.

FactorDAO

FactorDAO is a decentralized asset management protocol operating on the Arbitrum ecosystem. It provides a series of modular tools that allow asset managers, investors, and other project organizations or individuals to easily create and join various investment strategies.

FactorDAO is a decentralized asset management protocol that enables ERC-4626 vaults, utilizing Factor's tools and services to create and join various investment strategies. On FactorDAO, any project or individual can create a vault as an asset manager. Investors can deposit funds into these vaults with one click to earn returns. Asset managers earn returns through set strategies, such as creating indices with a basket of assets, yield strategies, or derivatives.

Factor aims to unify the fragmented DeFi market into a liquidity aggregation layer, enhancing users' market participation and asset flexibility, better adapting to trading strategies and risk conditions. Therefore, FactorDAO is building modular components for on-chain asset management, consolidating all existing DeFi assets under one roof, making it very suitable for protocols looking to increase TVL, aspiring asset management companies wanting to establish on-chain performance records, and fund managers looking to hedge risks and generate returns, providing a one-stop solution for anyone to establish fund products on a peer-to-peer basis, and connecting the world's best investment managers and investors on the Ethereum blockchain to create new tools and strategies.

One of the innovations of FactorDAO is its league system, a ranking-based competitive platform that allows asset managers to showcase their skills and performance and earn rewards. Another innovation is its open system, which allows anyone to create and publish their own investment strategies and receive feedback and support from the community.

$FCTR Token Economics

The total supply of $FCTR Token is 10 million, with an initial circulating supply of 2 million. All tokens from the Public Sale will be unlocked at TGE. If participants in the public sale wish to participate in DAO governance and earn a share of protocol revenue from day one, they can stake their unlocked $FCTR to accumulate $veFCTR. The early guiding allocation of 4.2% is distributed at a price of 0.05 (with an FDV of 5,000,000 USD), vesting linearly over 12 months. This is to facilitate the smart contract audits, development, legal, and marketing needed for the launch.

Team tokens will vest linearly over 24 months. Guiding supporters and team tokens will not accumulate $veFCTR during the vesting period and will need to be unlocked and staked to do so. This is to ensure decentralization of power and fair distribution and rewards for all participants. After the Public Sale, at launch, 32.51% of the supply will be gradually and steadily released over 3.5 years. There is no venture capital and no sudden unlocks.

How to Participate in FactorDAO's Public Sale

The public sale will start on February 20, 2023, at 18:00 UTC and end on February 24, 2023, at 18:00 UTC. 10% of the total supply of $FCTR will be allocated for the Public Sale, distributed to all participants at the final price at the end of the sale. The Public Sale will last for 5 days, starting at a base price of 0.10 USD. The final price will be determined at the end of the sale based on the amount raised divided by 10,000,000 USD of FCTR. All participants will receive the same final price.

Similar to Arbitrove (Note from BlockBeats, for more details see "What are the features of the first issuance project Arbitrove on the Sword GRAIL?"), users will deposit USDC into the contract (no buying or selling during the Public Sale). Each participant can assess the amount raised at any time during the sale and must make their own assessment of the value of $FCTR, forming their own opinion when participating in the Public Sale. If the funds raised are less than 1 million USD, participants will receive their tokens at the base price of 0.10 USD, and the remaining tokens will be sent to the protocol treasury.

Here is a short-term roadmap for the end of Q1, explaining key events before and after the public sale:

Despite the continued heat in the Arbitrum ecosystem, public sale projects like Arbitrove and FactorDAO have canceled hard caps, and participants may ultimately buy tokens at prices far exceeding the starting price. The previous fundraising amount for Arbitrove has already surpassed 5,000 ETH, far exceeding the initial expectation of 313 ETH, and users should also be aware of the associated risks when participating in FactorDAO.