Sahara DAO IDO
On August 15 there will be an event that cannot be missed. The first launch of a third-party project token on our launchpad is scheduled for this date
We will launch the Degen Brain Finance project token — $DBF
Degen Brain Finance (DBF) is the first gamified Learn2Earn web3 project on Cronos that incorporates NFT Avatars (Degen Brains), staking utility, their own CRC-20 Token, and a growing community of like-minded investors.
Degen Brain Finance hopes to help new and veteran investors by teaching their community how to navigate the world of crypto.
Community members will be able to utilize their platform to learn about topics ranging from:
- Crypto and NFT Basics
- DeFi and NFT investing strategies
- Web3 “Project Deep Dives”
- And more…
Purchasing a Degen Brains NFT will grant you exclusive access to a gamified Learn2Earn platform, private Discord channels with a growing community of degen-investors, and unique ways to earn passive income.
Here are the details:
- The IDO funds raised will be hard-capped at $75,000 — No overflow — First come, first served.
- The IDO will be gated to Degen Brains holders only for 24 hours. If the IDO does not hit the hard cap of $75,000, we will open it to the public for an additional 24 hours.
- There is a maximum ($5,000) contribution amount allowed.
- After the end of the IDO, we will create the initial liquidity pair (LP), and shortly after, we will launch the locked Single Staking option for those of you that would like to stake your $DBF to earn more $DBF.
- All funds raised will be used to create the initial liquidity and subsequently burned. This means that no one will have the ability to remove these funds.
- IDO Price: $0.05
- Presale time: 15th 12pm UTC — 16th 12pm UTC
Must condition for presalers: Users should hold Degen Brain NFT to buy token - Public sale 16th 12pm utc — 17th 12pm utc
$DBF Token
$DBF will have a maximum quantity of 100,000,000 and be allocated over time across multiple areas. Our Gitbook will be updated with the vesting contracts so investors can see the locked funds.
As you can see above, they have several categories that will be spread out over a set period of time. However, they don’t expect for these allocations to be fully spent each month.
All $DBF left over from each incentive category on a monthly basis will be either given to staked NFTs, burned, or kept in the Learn2Earn treasury wallet to extend the total emission periods.
How will $DBF work?
In order to create sustainable tokenomics, they have implemented a sales tax for the $DBF token.
1. No Buy Tax at this time — $DBF will launch with no buy tax enabled, but the ability to implement one is built-in. Holders of $DBF will be able to vote on if a buy tax is necessary in the future.
2. 15% Sale Tax on All Sales — 7.5% will be automatically sent proportionally to all holders of $DBF. The other 7.5% will be placed in the DBF Treasury Wallet. Note: This Sales Tax may be changed from time to time depending on market conditions, but will always be split 50% between holders and DBF.
3. Protocol Owned Liquidity — Investors will not need to create a LP Pair for the $DBF token. A portion of the taxes sent to the Treasury Wallet will be used to continuously add liquidity to the $DBF-$CRO pair. The DBF team will monitor token liquidity to determine how often and how much to add on a regular basis.
In addition to everything after the sale, you will have a great opportunity earn $DBF tokens.
You can do this by staking $MNG. The monthly pool of reward in $DBF tokens for staking $MNG is 5k$
Don’t miss this event
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Website: https://saharadao.finance/
