Add as a preferred source on GoogleCashmere Labs Plans CSM Launch on Robinhood Chain Through Mountain
Mountain is slated to distribute 65% of CSM through ongoing issuance. Tokens previously issued on Anvil are set to be voided.
Cashmere Labs plans to launch its Mountain product and CSM token on Robinhood Chain, with most of the planned token allocation designated for ongoing issuance through Mountain.
The allocation assigns 65% of CSM to Mountain issuance. Another 25% is reserved for the team and treasury under a vesting schedule, while 10% is designated for liquidity owned by the protocol.
CSM tokens previously issued on Anvil are set to be voided, with a new deployment planned.
The proposal would add Mountain to the products planned for Robinhood Chain. Metric has separately outlined plans for a decentralized exchange on the network focused on tokenized real-world assets.
Mountain plans to offer 1,000 founding Barns, described as soulbound NFTs, at prices ranging from 0.125 to 1.5 Ether (ETH). Owners of Goat Street NFTs can permanently bind them to Mountain to receive a share of CSM issuance.
Cashmere also plans an airdrop. Wallets that have listed Goat Street NFTs for sale on OpenSea will be excluded.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.