The team is finalizing things and beginning to run through their launch check list. You can follow along at https://t.co/WCCq0vdr1v - we expect the go-live process to take several hours (depending on network congestion, etc)
Remember, Canopy fair launches in about 7 hours! The first Canopy fund will be a market cap weighted basket of #DeFi gov tokens. Users investing in the Canopy index fund, or helping to balance the fund will earn $CNPY rewards. There's no $CNPY pre-mine and no pre-launch investors
We're excited for the launch of our new DeFi platform for index, mutual, or hedge funds (or any sort of dynamically weighted pool of tokens).
Our goal is to be both simple to use and to make it simple to earn rewards. Canopy launches in just a few hours! $CNPY 🌴
Canopy started from a simple idea, #DeFi needs all the same instruments as traditional financial markets in order to bring the vision of DeFi to as many people as possible. A significant gap in DeFi today is the lack of dynamically weighted funds or asset pool. Canopy fixes this.
Canopy is wholly controlled by a DAO with the governance token CNPY. Changes to fund makeup, contract upgrades, and treasury disbursements are all controlled by CNPY 50% + 1 votes.
Whitepaper:
https://t.co/t9efAgfOwA
https://t.co/6Nl228dxGZ
#Canopy🌴
$CNPY
#DeFi
Canopy is a new decentralized platform for index funds, mutual funds, hedge funds, or any sort of dynamically weighted pool of tokens.
The protocol is launching in 7.5 hours. https://t.co/6Nl228dxGZ
$CNPY
🌴
Remember, Canopy is a new #DeFi protocol that is fair launching in about 10 hours.
The Whitepaper is out now:
https://t.co/t9efAgfOwA
Join the Discord channel to ask questions.
The protocol launches September, 29, 2020, 4:00pm GMT.
https://t.co/WCCq0vdr1v
🌴
$CNPY
Canopy is a new protocol that is fair launching soon.
Whitepaper:
https://t.co/t9efAgfOwA
The protocol launches 29 September, 2020, 4:00pm GMT.
https://t.co/WCCq0vdr1v
Discord: https://t.co/a8paSOMDFq
Telegram: https://t.co/Oo7F6StfeP
Our whitepaper is out now. Read it here:
https://t.co/t9efAgfOwA
We are running a fair launch:
https://t.co/6Nl228dxGZ
Our protocol launches in less than 24 hours.
🌴
ICYMI we've published the updated whitepaper (which, based on community feedback, includes an explanation of our tokenomics and rewards structure).
https://t.co/t9efAgfOwA
To give everyone time to read it protocol now launches September 29, 2020, 4:00pm GMT.
Due to some community feedback, we've paused our launch to update our whitepaper with additional information on our token and tokenomics. We'll be restarting our fair launch process within the next few days. Read about our tokenomics here:
https://t.co/t9efAfYdF2
The release of our whitepaper, and the opening of our telegram and discord channels, is step one of our fair launch process. Step two is the launch of the platform itself on Sept 23rd at https://t.co/WCCq0vv2q5
https://t.co/t9efAfYdF2
Canopy is wholly controlled by a DAO, $CNPY
The majority of #DeFi project governance tokens have either no value, minimal value by approving a constrained set of contract upgrades, or, like the #Uniswap token, provide some sort of voting mechanism on a treasury account. Canopy is different. $CNPY
https://t.co/t9efAfYdF2
Our whitepaper is out!
https://t.co/t9efAgfOwA
Releasing the whitepaper first is part of our fair launch process. Get involved when our protocol launches Wednesday.
https://t.co/6Nl228dxGZ
#Canopy🌴
$CNPY
#DeFi
One of the team’s primary goals is to create a governance token with sustain value. Our funding and treasury is entirely on chain, and wholly controlled by the $CNPY tokens. This means the community will decide use of all the treasury funds.
Too many DeFi projects are of the opinion that governance tokens should have no value, but we feel this leads to wild speculation, and doesn’t properly reward sustained project engagement from the community. Our governance token aims to provide true, long term value.
The long term goal of #Canopy funds is for anyone to be able to create a one, and provide active or passive management of that fund.
Read our whitepaper to learn more:
https://t.co/t9efAfYdF2
$CNPY
#Defi
🌴
Also, our whitepaper discusses how we plan to ensure development support of the protocol during these early months, while also allowing for a clean transfer to complete community ownership. Read more about Canopy:
https://t.co/t9efAfYdF2
$CNPY
#Defi#FairLaunch#Canopy🌴
In addition to covering the Canopy fund mechanics, our whitepaper will delve into how to maximize the long term, sustainable value of the governance token, $CNPY
https://t.co/t9efAfYdF2
https://t.co/6Nl227VWPr
#Canopy🌴
#DeFi