3️⃣PRIME tokens

Documenting the first public round funding agreement.

Token characteristics.

• Name: PRIME

• Address: 0x26FBeC053CAE81037B67b349d4A17b0056F402E3

• Type: ERC20

• Hard Cap: 1,000

---

Issuance.

• PRIME tokens are issued on a FCFS basis to community members for DAI.

• Each whole PRIME token is set at a fixed cost of 2,000 DAI. Fractions can be purchased.

---

Benefits.

PRIME tokens offer the following benefits:

Early access:

• Ongoing early access to Beta main-net releases while 0.1 PRIME or greater is held.

Convertibility:

• 1 Guild NFT per PRIME token.

• A Guild NFT can be vested over 12 calendar months for 10,000 GUILD tokens.

• Each GUILD token holds a protocol pledge to be settled for 1 settlement-unit.

• At launch, 1 settlement-unit will be 1x crvUSD token.

Settlement value:

• With settlement programmed as the 3.finance's primary directive, settlement is assured but time to settlement is not. However, time aside, 1 PRIME token = 10,000x crvUSD tokens.

• Assuming 1 DAI = 1 USD, then:

• At cost of $2,000 USD per PRIME token, ROI per token is expected to be 5x.

3Fi token allocations:

• When PRIME tokens are converted to Guild NFTs (aka 3.finance bonds), they will receive a 3Fi token allocation as if 10,000 stable tokens were contributed.

Effective ROI:

• With a settlement ROI of 5x and a 3Fi token allocation equal to the settlement ROI, the effective and ROI is expected to be in the order of 10x. (Price appreciations not considered).

---

Terms of purchase.

In addition to the terms below, an on-chain signature will be requested. Content of this signature has been included below for reference as well.

Overview.

• PRIME tokens will be issued for DAI.

• PRIME tokens are in lieu of ‘3.Finance bonds’.

• After the official launch of ‘The Guild’, the following will occur:

• Whole PRIME tokens will be swapped for ‘3.Finance bonds’.

• Fractions of PRIME tokens will be swapped pro-rata for vesting GUILD tokens. (GUILDs)

• A ‘3.Finance bond’ will be issued as a ‘Guild NFT’.

• ‘Guild NFTs’ may be staked on receipt, to vest.

• Staked ‘Guild NFTs’ vest 10,000 GUILD tokens.

• ‘Guild NFTs’ (G.NFTs) will be issued on or soon after the official launch of ‘The Guild’.

• The official launch of ‘The Guild’ will be marked by a public announcement.

Vesting.

• Vesting begins on successful staking of a G.NFT.

• Each G.NFT vests 10,000 GUILD tokens.

• The vesting period is 12 calendar months or the block equivalent.

• Vesting is linear over the full period.

• A 30 day cliff is applied before GUILDs become claimable.

• Claimed GUILDs may then be staked in a settlement contract.

Settlement.

• A settlement contract will be available soon after the official launch of ‘The Guild’.

• Successfully staked GUILDs will be converted to crvUSD.

• Conversion is fixed at a rate of 1:1.

• Conversion to crvUSD occurs as 3.Finance accrues revenue.

PRIME purchases.

• Only DAI may be used to purchase PRIME tokens.

• Cost per PRIME token = 2,000 DAI.

• Minimum purchase is 0.1 PRIME = 200 DAI.

• Maximum purchase is 250 PRIME = 500,000 DAI.

• Raise hard cap is 1,000 PRIME.

Guild NFTs & raise discount.

• Full price of 1x Guild NFT = 10,000 DAI.

• Raise discount = 80% = 2,000 DAI.

Example:

• 100 PRIME tokens purchased for 200,000 DAI.

• 100 PRIME exchanged for 100 Guild NFTs.

• 100 Guild NFTs staked to vest, yielding 1M GUILD tokens. (A)

• 1M GUILD tokens claimed and staked to settle for 1M crvUSD. (B)

(A) Vesting occurs linearly over 12 calendar months or block equivalent.

(B) The rate at which GUILD tokens are converted to crvUSD is dependant upon the rate at which 3.Finance receives revenue.

---