Popcorn, Platform Using DeFi for Good, to have Token Launch Auction (TLA) Starting November 29th

Popcorn Token Launch Auction

Popcorn Token Launch Auction

(Boston, Massachusetts) – Popcorn,  a new platform for decentralized finance where yield-generating products simultaneously contribute to social impact, just announced its Token Launch Auction (TLA), which will take place on Monday, November, 29th, 2021 at ​​8:00:00 AM UTC. The token launch will be the first opportunity for the general public to join the PopcornDAO, a decentralized autonomous organization, by acquiring the POP governance token. This is a 2.5 day, multi-chain event for the Popcorn community where all proceeds raised will go to the Popcorn Treasury, a smart contract entirely controlled by the Popcorn token holders.

Members of the PopcornDAO, or POP token holders, are eligible to participate in governance, specifically in beneficiary nominations and grant elections. They determine which beneficiaries receive a percentage of earned protocol fees on a monthly, quarterly, and annual basis, and are incentivized to do so with POP rewards. Token holders have the ability to vote on proposals that influence the parameters of Popcorn’s smart contracts and are also incentivized to run keeper nodes to maintain smart contract performance. Additionally, yield farming and staking incentives will be available for token holders who use Popcorn’s yield-generating DeFi products.

“The token launch auction is the first opportunity for the general public to buy POP and participate in governance. The purpose of the event is to distribute governance to a broader community, inject liquidity into the Popcorn ecosystem, and initiate price discovery for POP,” said Michael Kisselgof, co-founder of Popcorn.

Popcorn is aiding a revolutionary shift in global systems through accessible DeFi products that align financial wellbeing with positive global impact. By incorporating social and environmental impact into the very foundation of the protocol, Popcorn’s DeFi primitives and products can be used to fund social impact and non-profit organizations. By virtue of using Popcorn, you are doing good.

Prior to the TLA, Popcorn raised $6 million in funding from notable investment groups, including Jump Capital, New Form Capital, Kenetic Capital, Cakebox Capital, The LAO, Impossible Finance, The Crypto Founders Network, Big Brain Holdings, Hestia Holdings, Amino Capital, Humlo Ventures, and angels from MakerDAO, IBM, NASA, Google, and Deloitte.

To take part in the token launch, users will need to have USDC on either the Ethereum or Polygon chain. It only takes a few steps to get funds ready, but individuals will want to prepare them as soon as possible since withdrawals from centralized exchanges can take time to process. For more information about Popcorn’s Token Launch Auction Event, please see the FAQ and the Step-by-Step Guide.

Highlights:

– POP Tokens Offered : 3,750,000

– When? 11/29/2021 ~8:00:00 AM UTC until 12/1/2021 ~8:00:00 PM UTC

– Where? POP/USDC Copper Token Launch Auction Pool

Popcorn Brings Philanthropy to DeFi by Joining Crypto Climate Accord and Partnering with Vanderbilt Blockchain

Popcorn Crypto Climate Accord Vanderbilt

Popcorn, a philanthropy-focused DeFi yield-generating platform, has partnered with both the Crypto Climate Accord and Vanderbilt University to enable POP users to earn yields on their crypto assets and make a real-world impact simultaneously.

Popcorn recently joined the Crypto Climate Accord (CCA), a private sector-led proposal for the entire crypto community focused on decarbonizing the cryptocurrency and blockchain industry in record time. Based on the Paris Climate Agreement, the CCA’s overall objective is to decarbonize the global crypto industry by prioritizing climate stewardship and supporting the industry’s transition to net-zero greenhouse gas emissions by 2040.

The Accord’s two main objectives include achieving net-zero emissions from electricity consumption for CCA signatories by 2030 and developing standards, tools, and technologies with CCA supporters to accelerate the adoption of and verify progress toward 100% renewably-powered blockchains by the 2025 UNFCCC COP30 conference.

“Popcorn is committed to make the world a better place by joining the CCA in achieving net-zero carbon emissions by 2030 and accelerating the adoption of renewable-powered blockchains by 2025,” said Michael Kisselgof, co-founder of the Popcorn Network, which already donates 2% of their network fees to carbon offsetting.

In addition to joining the Crypto Climate Accord, Popcorn has broadened its positive social impact efforts through their partnership with Vanderbilt Blockchain to construct a fund that generates scholarship money for students via Yield Farming with the POP token. Vanderbilt Blockchain is asking for an initial funding of 100k POP which can then be used to yield farm in the Popcorn ecosystem. Any rewards will be placed in a scholarship fund where it will be given to students.

The Popcorn scholarship fund at Vanderbilt could not only help students around the world be able to afford their education, but it will also promote the growth of blockchain technology utility, especially in universities. Popcorn’s partnership with Vanderbilt will model how universities can and should optimize the yield-generating opportunities within decentralized finance.

These two initiatives are just a few ways that Popcorn is working to build a better world through the crypto ecosystem. For more information, please visit ​​https://popcorn.network/. To help Popcorn do good with DeFi, you can participate in the Popcorn Token Launch Auction, taking place Monday, November 29th. Access more info on the Popcorn Token Launch Auction, here.

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