KlimaDAO Launch Announcement
Head over to the KlimaDAO Community Hub to get started on your Klima journey.
Remember to always double check all contract addresses with the ones from official KlimaDAO channels.
Klimates, get ready for launch.
In the several weeks that have elapsed since the close of the Fair Launch event, we have been absolutely astounded by the enthusiasm and growth of our community. In just a few weeks we have gained some 20,000 new members and followers across Discord and Twitter. We’ve already got the attention of carbon market experts, DeFi wizards, DAOs, influencers, and celebrities, and we haven’t even launched yet.
The core team at KlimaDAO, our advisors, and contributors have all been hard at work preparing the UI and smart contracts, fine tuning policy mechanisms, testing and auditing. Thanks to all this hard work, we will be launching right on schedule:
🚀We go live on Polygon mainnet next Monday, 18th October 2021 at 8pm UTC.
Once we are live, anyone holding a KLIMA token can begin interacting with the ecosystem via staking. Staking is the dominant long-term strategy (3, 3) for Klimates to maximise their exposure as the protocol grows.
Newcomers will also be able to acquire KLIMA through the bonding mechanism (i.e., by committing liquidity tokens to the treasury), or directly from the SushiSwap trading pools (SushiSwap pools will launch in line with the closing price of our Fair Launch Auction on Copper Launch).
The initial circulating supply will be just 250,000 KLIMA, each backed by a Base Carbon Tonne (BCT) in the protocol’s treasury. This supply includes all tokens acquired during the LBP and IDO, and all KLIMA tokens in the initial liquidity pools.
First up, remember that KlimaDAO will be on Polygon, not Ethereum mainnet. This is the sustainable, efficient network for us to build on. We therefore suggest you prepare some MATIC ahead of time so you can interact with the protocol. 1–2 MATIC should be sufficient, as transactions are typically a few pennies.
Additionally, if you have acquired aKLIMA or alKLIMA from the LBP or Crucible rewards event, you will need to have enough ETH in your wallet to cover the gas for bridging.
Initial Discord Offering (IDO) Participants
If you participated in the IDO on 17th — 20th August, you do not need to do anything further; you will be airdropped your KLIMA allocation on the launch date straight to Polygon. The airdrop will land in the same wallet address that you purchased your IDO NFT with.
- D Carbon Horizon holders will be airdropped 50 KLIMA at launch.
- M Carbon Horizon holders will be airdropped 100 KLIMA at launch.
Remember, NFT holders will also be airdropped rewards as though they had participated with the Alchemist Rewards Program. No further action is required by IDO participants.
Liquidity Bootstrapping Pool (LBP) Participants (aKLIMA)*
If you acquired aKLIMA during the LBP, you need to bridge your aKLIMA across to Polygon. If you aren’t sure how to do this, here is a tutorial on our Community Hub:
*for those who earned alKLIMA through Crucible rewards, the exact same process described in this section for aKLIMA should be repeated for alKLIMA.
Alchemist Crucible Event Participants (alKLIMA)
If you acquired aKLIMA in the LBP and then participated in the Post LBP Klimate Party on alchemist.wtf, you need to redeem your rewards ahead of launch in the next 7 days. Please note that rewards will end tomorrow, 12th October. To redeem:
- Head back to Alchemist Rewards Program, navigate to ‘Your Crucibles’, click the ‘…’ next to the aKLIMA rewards programme and click ‘View…’, then click ‘Unsubscribe’.
- Click the ‘Asset Management’ tab, then the ‘Withdraw’ button to move your aKLIMA tokens back to your wallet.
- Next, bridge your aKLIMA and alKLIMA following the tutorial linked above.
At 8pm UTC on the 18th October, we go live.
Please always double check that you are using verified contract addresses before making any changes. KlimaDAO takes no responsibility for funds lost from interacting with unverified contract addresses.
There are a few strategies on launch day to get exposure:
- Acquire KLIMA in the open market via liquidity pools on SushiSwap. Simply connect your wallet and search for KLIMA (remember to switch to Polygon and avoid the illiquid L1 aKLIMA pool).
- Whether you acquire your KLIMA on launch day, or already have some from the LBP or IDO, you can put your KLIMA to work by staking at https://dapp.klimadao.finance/#/stake
- Bonding is the most cost-effective way to acquire KLIMA as the protocol will deliver the user a discount in return for BCT/KLIMA LP and BCT/USDC LP bonds. To bond, you must acquire BCT from Sushiswap, or purchase VCUs and bridge them using the infrastructure developed by Toucan (formerly CO2ken). Once you hold the assets, head over to https://dapp.klimadao.finance/#/bonds
Over the next 7 days, the KlimaDAO core team will be doing final checks and deploying ahead of launch. We will also be continuously monitoring for issues and unforeseen events during this critical time.
After this, we will be focused on formalising the governance of the DAO, developing our community engagement, and looking for external talent and contributors.
Finally, note that attending our Office Hours in the Discord on Tuesdays and Thursdays is the best place to find out key information and developments of the DAO. We hope to see you there.
The information provided in this Medium Post pertaining to Klima DAO (“Klima DAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Klima DAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Klima DAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Klima DAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Klima DAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.