KERC Hard Sale is a sale of KERC tokens at a fixed price of $1.2 per token. The sale is conducted on the Arbitrum, Binance Smart Chain and Polygon blockchains and is open to all participants.
When you stake your KERC you'll be rewarded with bonus KERC according to this payout schedule.
Will this change the PAR price?
Yes, after the hard sale concludes the PAR price will be updated to $1.2.
What happens when the OTC price is lowered?
The fixed rate of return functions on the bond mechanism, the rate of return is based on the PAR value and has an inverse relationship to the OTC token price. Simply put, if: KERC: Fixed Return (per month)
$2.40: 0.75%
$1.20: 1.50%
$0.60: 3.00%
Therefore, the price of $KERC, whether driven by the OTC or influenced by the DEX, shall not have any material impact on the fixed rate of return distributed to $KERC staked holders.
