Anzen, the financial platform behind USDz, plans to launch on December 2, 2024, for their launchpad sale of the Anzen protocol token on Fjord Foundry.
Anzen is designed to create a broad range of options for USDz holders to potential returns in a stable, real-world asset-backed environment.
Users can see the official announcement here.
USDz and sUSDz are already used across the DeFi landscape with integrations on over 35 protocols, including lending and borrowing on decentralized platforms, liquidity provisioning on DEXs and stable and fixed-yield investment opportunities.
The launch of ANZ token is designed to decentralize the platform and reward users who have contributed to growing the Anzen ecosystem.
It will be allocated to USDz users, including but not limited to USDz stakers, USDz-USDC LPs and USDz bond holders.
Participants in the launchpad sale will have the opportunity to purchase ANZ.
Joining the launchpad sale
ANZ will be listed on Fjord Foundry launchpad on December 2 for a fixed-price sale.
- Date December 2, 2024
- Allocation Up to 6.7% of total token supply (666,666,666 ANZ)
- Sale limit $3 million hard limit fixed price sale, and $60 million FDV (fully diluted valuation)
- Duration days
- Price $0.006
- More details Part of the funds raised from the public sale will be earmarked for liquidity provision activities
A total of up to 666 million ANZ tokens will be offered at $0.006 per token fully unlocked.
This sets the fully diluted valuation at $60 million and the market cap at approximately $6 million based on the estimated circulating tokens, assuming that the sale limit is reached.
Anzen is backed by Circle Ventures, Mechanism Capital, Frax Finance, Tribe Capital and others.
Anzen’s network enables it to scale quickly and open up powerful DeFi utilities backed by institutional-quality assets.
About ANZ token
ANZ holders can benefit by having a direct say in how rewards are allocated and influencing liquidity incentives, expanding USDz’s footprint across DeFi.
Anzen enables staked ANZ users to exercise governance rights and control over USDz rewards.
Staked ANZ (veANZ) holders can earn extra rewards from trading fees, bonds and potential lending revenue, providing value to veANZ holders.
Overall, ANZ and veANZ holders can allocate rewards, capture protocol fees and guide USDz’s development as a stable DeFi asset.
As a governance token, ANZ empowers holders…
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