Canto Nodes Presale & Liquidity Launch

August 31 update – the team says the project failed and they are refunding presale investors.

New nodes project on Canto.

The presale starts at 8am UTC, and liquidity will be provided at 8pm UTC.

DETAILS

• Presale Details
  • Presale will be held on the Canto Nodes dApp, and will last for 12 hours
  • 50% of presale token allocation will be used to create Nodes; 50% converted to $CNODE tokens
  • Presale price: $0.65 / $CNODE
  • Whitelist price: $0.6 / $CNODE
  • Listing price: Unknown
  • Soft cap: $10,000
  • No hard cap
  • Minimum allocation: $100
  • Maximum allocation: $700
  • 50% of presale funds will be used to create nodes, and 50% will be converted to $CNODE
  • Token is scheduled to launch immediately after presale ends

• Mechanics
  • $CNODE is used to purchase Nodes, which generate daily yield in $CNODE
  • 3 Node tiers;
    • Emerald — cost 80 $CNODE; generates 1.7% daily yield (59 days to ROI)
    • Sapphire — cost 150 $CNODE; generates 2% daily yield (50 days to ROI)
    • Ruby — cost 300 $CNODE; generates 3% yield (33.3 days to ROI)
  • $CNODE rewards can be claimed or compounded into additional Nodes
  • Claim tax is applied on pending rewards; ranging from 14-20% before ROI and 3-7% after ROI (tax rate is dependent on the node tier)

• Tokenomics
  • Total supply: 250,000 $CNODE
    • 50,000 — Token sales
    • 15,000 — Team
    • ❌ No information on how the rest of the tokens are allocated
  • ❌ Docs say the contract will be verified, but it was unverified at the time of review.

Whitepaper