Caishen’s Casino is pleased to announce the presale of the $CAIFU token and the build-up to the launch of Caishen’s Casino. A deep liquidity NFT AMM built on Arbitrum and powered by the community.
While this protocol has been in the works for a few months, it was decided that it was in the protocol's and community's best interest to host a public/open presale that is community inclusive with a low barrier of entry. Over the last few years, several protocols built in the cryptocurrency space have been heavily funded by Venture Capitalists(VC). To which has been noted an uneven distribution of tokens at fairly low prices, much to the detriment of the community formed around this project.
Arbitrum is a blockchain network with a tightly-knit community and an incredible track record of community-owned protocols and NFT projects; with the presale raise, we aim to build a community-friendly protocol. The presale round is targeted at raising funding for THREE IMPORTANT REASONS; TOKEN LIQUIDITY, PROJECT MARKETING, AND SCALABILITY. Caishen’s Casino is creating a protocol based on the ethos of decentralization and community governance.
TOKENOMICS.
With $CAIFU having a total supply of 100,000,000, below is a breakdown of the token economics.
-
10% (10,000,000) for round allocation
-
56% (56,000,000) for Sushiswap v3 LP
-
20% (20,000,000) will be used as incentives for LP providers
-
6% (6,000,000) for the team.
-
8% (8,000,000) for community incentives via community events and airdrops
NOTE: The team, made up of four developers and 2 project leads, will receive 0.1% of the allocated 6% per month over the next 5 years as they will work to implement several community proposals. This serves as salary compensation which will be paid out in $Caifu tokens. The team has opted for this option to demonstrate their commitment to the project's longevity.
TOKEN PRESALE.
In a single round, 10% of the total supply (10,000,000) will be issued for presale allocation at $0.03. Caishen’s Casino is looking to raise $300,000 (Hard cap) and $150,000(Soft cap). The funding will be distributed as follows.
-
60% of the total raised funds will be used for Uniswap v3 LPs.
-
30% will be used for initial marketing and collaborations.
-
10% towards project scalability.
HOW TO PARTICIPATE
-
Check your eligibility on caifufinance.xyz/verify by connecting your wallet (whitelist for eligibility is already closed — follow our Twitter and turn on post notifications for more updates )
-
Set your reminders for the sale date!
Important Sale Details
-
Where: caifufinance.xyz/presale
-
When: 27th September 2022 12:00 UTC
-
Presale duration: 72 hours
-
Network/Chain: Arbitrum
-
Accepted Payment: ETH
-
Fixed Presale $CAIFU Price: $0.03 per $CAIFU
-
Public token price: $0.06 per $CAIFU
-
Total Sale Allocation: 10 MILLION TOKENS (to ensure that everyone has a fair chance, there will be no cap during the first HOUR)
-
Format: Whitelist (FCFS) (sale ends as soon as the total allocation is sold)
-
Vesting: None (all $CAIFU received immediately)
-
Purchase Limits: minimum of 50 USD valued in ETH and maximum USD value of 1 ETH
-
Eligibility: Whitelisted users only (whitelist is now closed)
ABOUT CAISHEN’s CASINO
Caishen Casino is a decentralized, deep liquidity hub for Arbitrum NFTs, addressing most of the liquidity issues that currently plague NFTs. The Caishen AMM protocol uses customizable bonding curves to facilitate NFT (ERC721s) to token swaps. Liquidity providers (LPs) can deposit into single-sided buy or sell pools and charge spreads. Users on Caishen can trade NFT in liquidity pools. A community-governed protocol building the future of NFTs on Arbitrum
