MASK

Decentralized Brokerage Trading Platform for Digital Assets Lever Network submitted an ITO application. Lever Network passed the preliminary review after the ITO Review Committee’s thorough examination and sufficient communication with the project. The voting result from the $MASK community will decide whether Mask Network supports this ITO.

The Snapshot vote will last for 36 hours, all $MASK holders could vote “Yes” or “No” on this ITO. The quorum is 100,000 $MASK (the vote is not valid until there are at least 100,000 votes), with a more than 66.67% approval ratio.

About Lever Network

While decentralized finance is experiencing exponential growth, it is also faced with a major challenge of low utilization of funds. On the one hand, lending and trading are relatively isolated in DeFi, as users cannot take out loans and directly trade within a single lending protocol or decentralized exchange. On the other hand, margin trading as a trillion-dollar market in the crypto world is absent from DeFi — i.e., users can hardly long an asset on any DEX.

Lever Network is the first AMM-based decentralized margin trading platform. With the mission to establish a safe and easy-to-use decentralized financial product matrix, Lever Network combined the deposit margin vault with DEX perfectly in an innovative way, which solved the trading needs of users who could not increase leverage to go long or short in the DeFi world.

Lever Network has completed a seed round of $600,000, led by NGC Ventures, ArkStream, LD Capital, AU21, with other organizations like DAOMaker, YBB, and DFG involved.

Website：https://www.lever.network/

Lever ITO plan

1st Round Amount: 40,000 USDT Max buying amount for single address: 400 USDT Tokens available to swap: USDC Token holding requirement: Participant need to hold more than 100 $MASK to participate in ITO

2nd Round Amount: 60,000 USDT Max buying amount for single address: 300 USDT Tokens available to swap: USDC No whitelist requirement