According to TechFlow, Arbitrum ecosystem income index and strategy vault protocol Arbitrove will launch the governance token TROVE on Camelot's Launchpad at 22:00 Beijing time on February 17.

The total supply of TROVE is 1 billion, 20% of which will be used for public sale, with a starting price of $0.0025 per coin. At the suggestion of the community, the project decided to implement a maximum cap of $100,000 (60 ETH) for each address participating in Launchpad, and cancel the original hard cap of $2.5 million (maximum fundraising amount) to prevent sniper robots and whales from sniping its token public sale. In addition, the project stated that if the funds raised exceed $2.5 million, more than half of the funds after $2.5 million will be used to deepen the Protocol Owned Liquidity on Camelot.

ALP is the first index of the Arbitrove protocol, a basket of selected blue-chip tokens such as GMX, MAGIC and GRAIL, which use various strategies to deploy and generate returns for users. In the future, the Arbitrove protocol will add more indexes, including specific ecosystem indexes such as the GMX Ecosystem Index, the GameFi Index, and specific strategy indexes such as the Ethereum Liquid Staking Derivatives (LSD) Strategy Index. Source link