Degens,
here is our more detailed plan for going forward. Daniel finished building and testing the new smart contract, the rest of us admins are testing it on Binance testnet atm. Planned launch is in July.
New token will have DAO governance characteristics with onchain voting and Degen Ecosystem will be full DAO powered!
New token will have exactly the same supply as DegenSD had: 21 000 000
Tokenomics will be:
Buying:
- 2% Liquidity Booster
- 2% Liquidity Backing
- 1% marketing
Selling:
- 2% Liquidity Booster
- 2% Liquidity Backing
- 1% burn
No transfer tax at all.
Distribution of the DEGEN V2 token:
12.5m is distributed in the same percentages as it is now, and every holder will have the same ownership percentage:
- 50% airdrop to DegenSD holders
- 50% locked in conditional swapper so you can exchange DegenSD token in the amount of DegenSD token you hold and DEGEN V2 token you hold (anti dump, not dumping DEGEN V2 token will give you the right to exchange the DegenSD token for another 50% of DEGEN V2 token when the DegenSD token gets unlocked by FEGex)
8.5m (previous burned tokens)
- 2.5m for private sale to gather up BUSD funds for new Liquidity pool
- 2.5m to put in the new liquidity pool
- 3.5m locked in a DAO locking contract for future bridging to new chains, CEX listings, new DEX listings, development, marketing etc.
Owners of token can vote on which purpose the funds can be withdrawn. The vote and withdraw will happen ON CHAIN, so no private wallet will be involved.
None of the admins will send you any link or notification for private sale, and if you receive a message, it is probably a scam. All notices will be public and pinned here
Decisions will be made via on-chain voting implemented in core of our Ecosystem. Degen DAO.
DegenSD holders that don't want to bridge will just get half DEGEN V2 airdropped as a gift and keep the DegenSD. Collected DegenSD will not be sold on the market. We plan to use all DegenSD we receive as fuel - they will be burned for the backing which will make a nice liquidity injection to DEGEN V2 token.
Token will be listed on two DEXes right from the start (PancakeSwap and probably ApeSwap or Biswap). It's important to know that once FEGex is back in order, we will expand to this exchange as well.
We plan to pair the new DEGEN V2 token against BUSD.
Listings on CoinMarketCap and CoinGecko should be possible and we will put an application to do it as soon as we launch.
We are currently building a landing page that will briefly explain the project and all of its details to be ready before launch, but we can share few keypoints:
? Degen DAO
? Degen SWAP
? Degen BRIDGE
? Degen FACTOR
? Degen DUMP
? Degen RUG
? Degen NFT
? Degen RR
? Degen CLINIC
