BBQ Party Liquidity and Protocol launch
April 24 update – delayed 24 hours to April 25.
Launch of a Tomb fork + competitive staking protocol on Arbitrum.
DETAILS
- Launch Details
- Token will be listed on Sushiswap
- Token pair: BBQ/USDC, SGE/USDC
- Listing price: $1
- Presale price: $0.9 | Private sale price: $0.8
- $40,000 raised in presale on BBQ Party | $60,000 raised in private sale
- Vesting: 100% at launch
- Participants will receive allocations as 2/3 in $BBQ and 1/3 in $SGE
- Initial market cap: unknown
- Initial total liquidity (estimate):
- BBQ/USDC – $40,000 (20% of total funds raised + $BBQ)
- SGE/USDC – $20,000 (10% of total funds raised + 300,000 $SGE)
- Taxes: 0%
- Mechanics & Features
- There are 2 single-side staking pools – Pools 1 or 2
- $BBQ tokens can be staked in either pools to earn $SGE rewards
- Based on the ratio of tokens staked between the two Pools, a winning and losing pool is determined – the losing Pool pays out 10% of its tokens to the winning Pool each day
- There is a 1% deposit and 1% withdrawal fee on staking in Pool 1 & Pool 2
- 16 hours staking lockup
- During the lockup period, there is a 1% fee each time a user chooses to hop from 1 pool to the other; no fee once the lockup expires
- $SGE can be used to boost (“Favor”) a particular pool to increase it’s win percentage, up to 33% max bonus
- $SGE can also be earned by staking LP tokens (BBQ/USDC, SGE/USDC) in the farms
- $SGE can also be used to participate in the lottery
- cost: 100 $SGE/ticket (1 ticket = 1 entry)
- 1% deposit fee
- winners share 80% of lottery pool, 20% burnt
- $SGE can be staked in the boardroom and during epoch expansions, the protocol mints $BBQ and distributes 100% to $SGE boardroom stakers
- epoch duration: 8 hours
- staked $SGE locked for 2 epochs (16 hours) and $BBQ rewards locked for 1 epoch (8 hours) — timer resets on each deposit or withdrawal of $SGE or $BBQ
- The Boardroom will not mint any $BBQ during the first 14 days
- Tokens
- $BBQ is the native token
- Initial supply: unknown
- 40% — Initial liquidity (BBQ/USDC)
- 20% — Contributors at the time of the protocol launch
- 20% — Team
- 20% — Ecosystem/DAO
- Initial supply: unknown
- $SGE is the shares token
- Total supply: 1,000,000
- 500,000 — Farming rewards (vested linearly for 12 months)
- 150,000 — Contributors at the time of the protocol launch
- 50,000 —Team
- 300,00 — Initial liquidity (SGE/USDC)
- Total supply: 1,000,000
- $BBQ is the native token
Blockchain
