Integral is launching ICO today. What about its goals?
Integral is launching its native token today. ITGR is ERC20 ICO token. During the initial coin offering, 300,000,000 tokens will be available for sale, which is 25% of the total supply. The price will be 0.981295 USD per ITGR. The company aims to raise 4,500,000 USD during the sale.
Integral is an AMM-based DEX. It mirrors liquidity on other top exchanges, aiming to provide the cheapest liquidity among all decentralized and centralized exchanges.
The company launched a series of stablecoin pools, including USDC-USDT, DAI-USDT, and DAI-USDC. These pools are already open for LPs traders and investors. Furthermore, the company increased the liquidity farming reward, boosting LP reward rates to 1.406% of the token cap.
Integral also decided to perform a 1:10000 split on the Gov Token. The company aimed this split to increase the token supply from 30,000 to 300,000,000. However, it announced that if users have previously acquired $ITGR, the value of their total $ITGR position will remain unchanged.
Users can trade all pairs on Integral platform, including single-sided deposit $ETH, $USDT, $wBTC, $DAI, $USDC, and $LINK. The platform claims to achieve the best execution costs in DeFi space per dollar of TVL.
Integral’s TVL is more than $260mm. However, the company offers an equivalent level of liquidity, along with slippage that a $13B CFAMM pool offers, making their Implied Liquidity $13B.
What is Integral’s mission?
The integral team aims to build products that rival those of centralized exchanges. However, they do it in service of their self-custodial decentralized homeland, as well as its users.
Most importantly, the team wants to address economic injustices by distributing the upside of network effects to their community of customers so that using the product means owning the product. According to Integral, each new product they build creates on-chain stickiness that further counters the centralized exchange product lines. The company claims that the key to breaking incumbent network effects lies in mass organization. Thus, they must get a majority of users to act forcibly and swiftly and achieve their goal.
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