What is Integral (ITGR) | What is Integral token | What is ITGR token
In this article, we’ll discuss information about the Integral project and ITGR token
What is Integral?
Integral is a decentralized finance (DeFi) protocol and exchange that mirror liquidity on other top exchanges. In its final form, Integral aims to provide the cheapest liquidity among all centralized and decentralized exchanges.
These features are made possible with the technology of Concentrated Liquidity and Trade Delay. Concentrated Liquidity enables Integral to achieve the best execution costs in DeFi per dollar of TVL. With just a fraction of the TVL of its competitors’ corresponding pools, Integral can achieve an equivalent level of liquidity and price impact. Trade Delay prevents front-running/cross-exchange arbitrageurs, giving LPs of Integral Mean-0 IL.
Integral’s smart contract operates as an ERC20 token on the Ethereum network.
Who Are the Founders of Integral?
Integral is a team of mathematicians, engineers, growth hackers working with the Ethereum and DeFi OG community. Its current advisors include Robert Leshner (Founder of Compound), Tarun Chitra (Founder of Gauntlet), Framework Ventures and Polychain Capital.
The team sticks true to DeFi principles. Before the Public Seed Round, it was completely self-funded and had now pre-sale. The only outside funding is from Gitcoin donations (#1 in GR9 dApp).
The team announced in May 2021 that it had successfully closed its $32mm Public Seed Round.
What Makes Integral Unique?
Integral is the pioneer of Concentrated Liquidity in DeFi. Its innovative OB-AMM enables Integral to unbundle the concept of liquidity to depth (orderbook depth, AMM shape) and capital (the actual amount of LP asset in the orderbook or AMM). By mirroring orderbook from exchanges like Binance and Uniswap, Integral can achieve the same depth with much less capital.
Integral coined the term ”Implied Liquidity” to illustrate the magic of this technology and provide a benchmark for traders to understand this aspect. For example, although Integral’s TVL is $180mm on June 8th 2021, it offers an equivalent level of liquidity and slippage that a $9B CFAMM (Constant Function Automatic Market Maker) pool offers, making its Implied Liquidity $9B.
For LPs, Integral uses Trade Delay and price oracle to minimize the impact of impermanent loss.
LPs incur sure losses when sure-profit traders (arbitrageurs, front-running, etc.) are able to trade on DEX. But with Integral’s trade delay mechanism, they can’t be certain that they will make sure profits anymore, so they will trade somewhere else. This gives LPs Mean-0 IL–an IL profiles that oscillate around 0. At times this IL will even become negative, meaning it becomes more profitable to supply an asset to a pool in contrast to just holding it in the wallet.
What’s Happening?
Integral will launch a series of stablecoin pools, including USDC-USDT, DAI-USDC, and DAI-USDT. These pools will be open for LPs and traders starting from 15:30 GMT on May 31st.T o celebrate this, we will increase the liquidity farming reward next week. Starting from 15:30 GMT on May 31st, LP reward rates will be boosted to 1.406% of the token cap, which is 4x the current week’s reward.
Integral Will Perform a 1:10000 Split on the Gov Token. This split will increase the token supply from 30,000 to 300,000,000. If you have previously acquired $ITGR (e.g. from participating in the Public Seed Round and liquidity farming), the value of your total $ITGR position will remain unchanged.
Integral Has Enabled Trading for All Pairs. Starting from today, you can use Integral to trade or single-sided deposit $ETH, $wBTC, $USDT, $USDC, $DAI, and $LINK. Integral achieves the best execution costs in DeFi per dollar of TVL. At the time of writing, Integral’s TVL is $260mm, but we offer an equivalent level of liquidity and slippage that a $13B CFAMM (Constant Function Automatic Market Maker) pool offers, making our Implied Liquidity $13B.
Integral has settled the Public Seed Round. The total amount of investment is $31,946,832. The updated listing price is $0.981295.
Token Model
All protocol values will accrue to ITGR token holders. All protocol profits (“trade commissions”, “trade fees”) go to ITGR holders. Owning ITGR is owning a piece of crypto GDP.
All governance power will be distributed among token holders.
- 2021 H2, Time-lock and Multi-sig.
- 2021 H2, Snapshot voting.
- 2022 H1, Governance takes over contract ownership.
Token Metrics
The initial token supply is fixed at 300,000,000 ITGR after a 1:10000 token split.
- 40% to farming programs with vesting
- 15.68% is expected to have been farmed and minted by the time of listing with 6-mo vesting. The rest will remain unminted until needed.
- The rest has 6-mo to 3-year vesting and is earned by future programs. We treat incentives programs as growth programs and carefully regulate their emission rates based on growth metrics.
- As a principle, given all else is equal, we will always make sure that all future incentives programs give earlier long-term investors/holders an advantage.
- 25% to founders and future employees with a 3-year vesting
- 25% to public seed round with vesting
- 21% is subject to 3-year vesting
- 4% is subject to 6-mo vesting
- 5% to advisors and collaborators with a 3-year vesting
- 5% to supply listing pools over 6 months or more
- 1.5% is expected to be minted by the time of listing. The rest will remain unminted until needed.
All vesting starts from TGE and then linearly distributed over time.
Future inflation, if any, will be subject to governance control. No inflation until approved by DAO.
Distribution
*15.68% will have been farmed by the time of listing with 6-mo vesting and is the number used in this calculation. Details are here.
Listing pool tokens are used in a way to avoid unrealistically high token prices at listing. This is not a net selling pressure over time. This is used on an as-needed basis and the actual distribution schedule may be adjusted.
Distribution after Month 12 can be linearly extrapolated subject to variations in farming emission rates. Farming emissions can always be expected to decrease.
How and Where to Buy ITGR token ?
ITGR has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ITGR token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since ITGR is an altcoin we need to transfer our coins to an exchange that ITGR can be traded. Below is a list of exchanges that offers to trade ITGR in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ITGR from the website: https://integral.link/swap.
The top exchange for trading in ITGR token is currently …
Find more information ITGR
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