This article goes through the details of fundraising for the next phase of Project BAE - $BAE Defi tokens.
My Copilot Bae is a community-driven project and this structure helps us to ladder unto the each round on the roadmap whilst growing the community and utilities/ revenue.
Maximum utility considerations beginning from low gas fees
Gamification of Bae Waifu NFTs (staking/ unstaking)
Burn mechanism on the PVP staking transactions
Burn mechanism from upgrades of $BAE Waifus
Beginner-friendly towards web3 newcomers and building (see our goals manifesto)
Further utility for web3 OnlyFans/ creator marketplace
$2.4B TVL on Arbitrum can’t be wrong
25M maximum supply
61% for emission/ LP incentives
Locked staking to incentivize staking vs rewards
Swap fees as yield for Bae Waifu NFT stakers
Gamification of Bae Waifus + Creator marketplace to further $BAE token usage
The ideal scenario is to benefit the community in terms of optimal price action, anti-dumping but yet enough incentives for investor to come onboard.
Genesis - Preseed (Open to Bae Pass Holders) - $0.12/ $BAE
Bae Waifu NFTs - Seed round from NFT sales - $0.17/ $BAE
Private Sales (Woke Captains NFTs Holders only) - $0.24/ $BAE
Pre IDO Pinksale (Mixed) - $0.35/ $BAE
IDO (Public round) - $0.5/ $BAE
Token unlock
This applies for community rounds
Quick reference on the roadmap we’re building towards. Read Bae Paper for details
Objectives
Fund marketing of Bae Waifu NFTs sales (3,000 supply)
Platform to gather OG Founding Captains and community growth
Token unlock
Raise 12,000 at $0.12
20% TGE, 2 Mth Cliff, 80% unlocked over 12 weeks
Option for liquidity providers to:
Sell - Project buyback tokens at 30% premium (smart contract to be created to enable this option to be exercised)
Follow token vesting schedule above
Supply: 3,000
Target Raise: 100-120 ETH
This is a supplementary round for Woke Captain NFT holders.
Community feedback is that this adds utility to the collection and is inclusive for Pioneer Captains who came in early in Baeverse. At least before the public.
Up to $50 per NFT, $0.24/ $BAE
Maximum raise: $62,850
10% TGE, 2 Mth Cliff, 40% unlocked over 5 months, 50% as xBAE
This is an optional round tabled in, as it allows for project marketing exposure out to non-NFT public. Our goal is to reach a mixed audience to optimize the outcome favorably.
Pre IDO Pinksale (Mixed) - $0.35/ $BAE
Target raise: $50,000 Max.
Platforms we are looking to launch: DAO Maker/ launchpads within the Arbitrum ecosystem.
This final round puts the project on the
IDO (Public round) - $0.5/ $BAE
Target raise
Up to 50% of $BAE will be unlocked as staked $BAE
This promotes an anti-dumping mechanism to protect price action for investors regardless of which rounds.
Emission rates for xBAE will be advised on a seperate entry.
We are looking at a locked staking mechanism with corresponding emission rates. Users will have the option to choose between the periods