Convergence Protocol (Convergence Token) is an AMM that allows anyone to swap among all types of tokens. A company is going IPO but you are just a utility token holder? Swap it!
The Convergence Protocol is designed to connect the worlds of UTs and WSTs. They decentralize access to real world assets.
Is Convergence Token (CONV) a Good Investment?
The Convergence Protocol will be the first to make real-world asset exposure interchangeable in the DeFi space by connecting Wrapped Security Tokens (WSTs) with UTs on a single interface that is easy to use, adapt, and composable with other DeFi protocols, and thus, we think for this feature, conv finance token will be a good investment.
What is Wrapped Security Tokens (WSTs)
WSTs is the new type of token that will be traded across the Convergence ecosystem: the convergence AMM and other liquidity venues.
WSTs are not limited just to trading and liquidity purposes. By working with different types of DeFi protocols, WSTs will flow around the DeFi supply chain with increased types of utilities. We will soon see stablecoins supported by WSTs, and lending & borrowing protocols with WSTs as collaterals.
Convergence Finance Token (CONV) Metrics
- Token Ticker: CONV
- Total Supply: 10,000,000,000
- Initial Liquid Tokens: 448,000,000
- Initial Market Price: 0.005 USD
Token Allocation by Percent
Convergence token total strategic sale (consisting of two private sale rounds) is 10.4% of all our tokens. The initial sale will be used for their technology development, community building, partnerships and marketing to build out Convergence Protocol.
3 Year Circulating Supply Release
Token Unlock and Vesting Schedule:
Seed: 0% unlocked at listing. Daily vesting over 12 months.
Strategic: 20% unlocked at listing. Daily vesting over 12 months.
Public: 100% unlocked at listing.
Team: 6 months cliff. Quarterly vesting over 24 months.
Advisor: 6 months cliff. Quarterly vesting over 24 months.
Liquidity: 5% unlocked at listing. Monthly vesting for 36 months.
Ecosystem: 2% unlocked at listing. Monthly vesting for 36 months.
Community: 5% unlocked at listing. Monthly vesting for 36 months.
Reserve: Reserve use determined by DAO afterwards.
Convergence Token (CONV) IDO: Launching on Polkastarter
We’re thrilled to announce that the upcoming Conv finance token public sale will be held via an IDO on Polkastarter. The date will be announced shortly.
Polkastarter is a cross-chain, decentralized DEX and auction pool platform built on the Polkadot. Without a doubt, they hope to continue seeing the quality and momentum of projects that have raised capital through Polkastarter and look forward to being part of its track record of success.
They will be announcing the whitelist details over the coming days, so make sure to stay tuned to their public channels for further details.
Introduction of Convergence Token (CONV):
Convergence is founded based on both the belief that the relationship between traditional finance and DeFi is getting closer in the digital assets space, converging towards a demand for real asset exposure in DeFi.
Their protocol is the first to make real asset exposure interchangeable in the DeFi space by connecting real-world asset exposure with utility tokens on a single interface that is easy to use, adopt and composable with other DeFi Protocols.
Specifically, Convergence provides access to unique alternative investments. These opportunities are typically reserved for institutional investors and family offices.
Pre-IPO companies, for example, offer great risk to return profile (especially in this stock market) that would be great from an investment point of view.
Convergence not only enables fractional exposure to these private companies but also creates a secondary market with unlimited liquidity for trading.
This is the vision of Convergence Finance: to allow true real-world asset exposure for DeFi users – With Convergence AMM, you can now swap directly between utility tokens and unicorn exposure.
E.g. DOGE <> SpaceX, FLOW<> Dapper Labs. You name it.
Convergence Finance will revolutionize the way people trade real-world and crypto-native exposure by providing greater liquidity, transparency, and inclusion for all investors.
By combining the advantages of STs with the liquidity, automation, and transparency features of DeFi, the Convergence Protocol synthesizes the worlds of traditional finance and DeFi.
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