Fairy Finance Boardroom Launch

Name: Fairy Finance Boardroom Launch
Start: 2022-08-10
End: 2022-08-10
Location: Cronos

New algorithmic stablecoin pegged to 1 WCRO on Cronos.

Boardroom (“MagicRoom”)
- Stake $WINGS in the boardroom to earn $UNICORN rewards
- During expansion, newly minted $UNICORN rewards are distributed as follows;
  - 75% — Reward for boardroom stakers
  - 20% — DAO fund
  - 5% — Dev fund
- Epoch time: 6 hours
- Staked $WINGS locked for 4 epochs
- $UNICORN rewards locked for 2 epochs

Tokens
- $UNICORN is the algo-stable, pegged 1:1 to WCRO
  - Initial supply: 13,201; allocated as follows:
    - 12,000 — Genesis pool
    - 1,200 — Airdrops (unlocked and held by contract creator, at time of review)
    - 1 — Pre-mint for initial liquidity
- $WINGS is the shares token
  - Total supply: 38,001; allocated as follows:
    - 30,000 — Farming rewards (vested linearly over 365 days)
    - 4,000 — Community fund (vested linearly over 300 days — 13.33 $WINGS/day)
    - 4,000 — Dev fund (vested linearly over 300 days — 13.33 $WINGS /day)
    - 1 — Pre-mint for initial liquidity
- $MAGICBOND is the bond token

Features
- Nodes mechanism
  - Node pools where users can lockup $UNICORN to earn higher $UNICORN rewards
  - Cost: 50 $UNICORN / node
  - Unlimited nodes per wallet
  - Up to 3% daily ROI and maximum of 500% ROI
  - Every week, the wallet with the most nodes is awarded 5 $WINGS
  - Weekly draw to win 5 $WINGS. 1 node = 1 entry
  - 10% of the node pool will be distributed to Fairy NFT (planned) holders monthly
- Rebates mechanism
  - purchase discounted $WINGS with either WCRO, $UNICORN / WCRO LP or $WINGS / WCRO LP
  - between 5-10% discount on $WINGS
  - purchased $WINGS is vested linearly over 3 days
  - $WINGS is sent to the rebate contract twice a day at 3pm and 3am UTC
  - $WINGS sent to rebate contract will vary depending on DAO reserves
  - rebates may be turned off to sustain protocol health i.e. if WINGS price is low

No token ownership renounced, at time of review on August 8, 2022
Operator transferred to Treasury for $UNICORN [tx], $WINGS [tx], $MAGICBOND [tx], Boardroom [tx] contracts

Roadmap includes Fairy NFT collection launch, LP Node collaborations with other protocols, launch of casino game