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Home All Events Battle Stakes Liquidity and Protocol Launch

Date

Nov 05 2022
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Nov 05 2022
  • Time: 10:00 am

Status

Active

Battle Stakes Liquidity and Protocol Launch

November 5 update – they will provide liquidity at 2pm UTC today.

November 3 update – the presale page is gone, and there are no announcements of a time for the liquidity and protocol launch. The team says they will publish the contract address on November 4, but that’s it.

October 30 update – the presale was extended through November 4, thus delaying the liquidity launch.

October 20 update – delayed to October 31.

October 18 update – presale was delayed to October 24, thus delaying this launch as well.

Token and dApp launch for a gamified algorithmic yield farming/staking protocol on BSC.

The exact start time for this event has not been announced. This time is a placeholder.

DETAILS
  • Launch Details
    • Token will launch on PancakeSwap
    • Token pair: GEN/WBNB
    • Listing price: $10
    • Presale price: same as listing, but without the buy tax
    • No vesting for presale
    • Taxes: 16% buy | 30% sell at launch (sell tax then gradually decreases to a fixed 18%)
  • Mechanics & Features
    • Hybrid staking and gameFi mechanism
    • Users earn by participating in “battles” by staking $GEN tokens with another user, in the “Castle”
    • The winner of the battle is the last one to unstake
    • 0.75% – 1.05% daily APR is paid on all staked tokens and the winner of the battle receives their initial staked tokens + a % of the opponent’s yield
    • The first to unstake still gets a % of their initial staked tokens and the remaining balance of the earned $GEN in battle
    • The primary battler (the initiator) pays 20% fee on their initial stake while the secondary battler will pay 30% of their stake (fees sent to protocol’s treasury)
    • Rewards can be re-staked into other battles, or withdrawn – 3, 5, or 7% of rewards can be withdrawn every 16, 24 or 32 hours
    • Battle winners are also rewarded with $ARENA tokens – the amount rewarded is dependent on the length of the battle and the quantity of $GEN staked
      • ARENA is backed by BUSD and increase as the Arena Backed Value (ABV) of the token increases with every new participant
      • Holders of $ARENA are able to sell the token back to the protocol for stablecoins at the Minimum Backed Value (MBV)
      • Users will also be able to trade their $ARENA directly for $GEN at a 33% increase over the MBV
      • Users can initially only hold 1 $ARENA, however this can be increased to a maximum of 3 $ARENA tokens by purchasing “ARENA boosters”. The price of the booster initially starts at $7.5, but is dynamic based upon the ABV
    • To stake / battle, you will need a referral username/code to join
    • If a user does not have a referral code, the protocol will provide a default referral code, which is tied to the community wallet
    • 5% of all $GEN deposited in battle by the referred user will be sent to the referrer as bonus
    • Referral bonus must be claimed within 7 days and the referrer must hold 5x the $GEN of the referral bonus to be eligible to claim their bonus
    • Top 50 battlers + referrers are rewarded with a share of $1,000 is paid out every 48 hours, provided there is sufficient fund for payment, if not, there will not be a payout until the fund reaches at least $1,000
    • The protocol maintains 7 wallets;
      • Liquidity pool – for building liquidity; 1/1 GEN/BNB
      • Insurance fund – for token price stability
      • Treasury – for investments, future development and also to stabilise token price, if needed
      • $ARENA token fund – backs the value of the $ARENA token
      • Winner Circle fund – holds $1,000 in stablecoin to be paid out to the top 50 on the leaderboard
      • Fire Cauldron – for token burns
      • Marketing & development – funding for maintenance, future development and marketing
  • Tokenomics
    • Token symbol: $GEN
    • Initial supply: 500,000
      • 50% — Presale
      • 25% — Liquidity pool
      • 10% — Treasury
      • 7.5% — Insurance Fund
      • 7.5% — Marketing & Development
    • 16% buy tax
      • 4% — Liquidity pool
      • 4% — Insurance Fund
      • 2% — Treasury
      • 2% — Fire Cauldron / Burn
      • 2% — $ARENA token Fund
      • 1% — Winners Circle Fund
      • 1% — Referral Fund
    • 18% sell tax
      • 4% — Liquidity pool
      • 5% — Insurance Fund
      • 3% — Treasury
      • 2% — Fire Cauldron / Burn
      • 2% — $ARENA token Fund
      • 1% — Winners Circle Fund
      • 1% — Referral Fund
    • 40% wallet transfer tax
Links & Resources
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