Instrumental Finance
  • 🎺Welcome to Instrumental Finance
  • Introduction
    • 🔭Overview
    • 2️⃣Layer 2 Capabilities and Limitations
    • ☑️The Instrumental Solution
      • Use Cases
      • How-to Guides
      • Initial Strategies
      • Tech Stack: Leveraging Composable Finance’s Mosaic Technology
        • Bridge Aggregation Technology
        • Strategies: Yield Optimization and Portfolio Management
  • Tokenomics
    • 🪙The Instrumental Token (STRM)
      • Use Cases
    • 💰Token Distribution
      • Thanksgiving Alpha Airdrop
        • $STRM Airdrop and Strategy Stakers Token Distribution
      • Liquidity Bootstrapping Pool
        • How to Participate
        • LBP Results
      • Liquidity Rush & Boosting ETH-STRM SLP Earnings
      • STRM-ETH Bonds on Olympus Pro
  • Roadmap
    • 🛣️Roadmap: Broad Vision
    • 🗺️Technical Roadmap
  • Team
    • 🤾‍♂️Team
  • FAQs
    • ❔FAQs
  • Community
    • 🥂Connect with Us
  • Audits
    • 🕵️Audits
Powered by GitBook
On this page
  1. Tokenomics
  2. Token Distribution
  3. Liquidity Bootstrapping Pool

LBP Results

PreviousHow to ParticipateNextLiquidity Rush & Boosting ETH-STRM SLP Earnings

Last updated 3 years ago

The began on the 6th of December, 2021, at 16:00 UTC and ended on the 9th of December, 2021 at 15:59 UTC. We are incredibly grateful for all of the support and excitement that this event generated.

The LBP was given a total allocation of 10% of the Instrumental ($STRM) token supply. Around 55% of this allocation was sold during this event (equating to 5.5% of the total token supply).

Here is a summary of the results of our LBP:

  • Instrumental raised over $3.2 million in funds

  • 5.46 million $STRM were sold

  • The resulting $STRM price is $0.9280

  • 440 new holders of $STRM were generated

The remaining 45% of the original 10% allocation (or 4.5% of the total token supply) will now be allocated to the Instrumental Treasury.

Thank you again to everyone who has participated. If you would like to obtain $STRM and support Instrumental further, check out our and events.

💰
Instrumental LBP event on CopperLaunch
Liquidity Rush
Alpha Airdrop