Destiny DAO’s tokenomics, liquidity presale event & whitelist details
On this post. Destiny DAO provides clarity regarding the project’s tokenomics, our upcoming Liquidity Presale Event, and qualification criteria for the presale whitelist.
Binance Smart Chain
Destiny DAO has chosen to launch on BSC. Binance Smart Chain provides the following advantages to our community:
- Speed: The BSC chain is blazingly fast. Transactions are processed and settled in seconds.
- Affordability: Transaction fees on BSC are extremely low cost, generally around 15–50 cents per transaction.
- Accessibility: There are numerous options to bridge funds to BSC.
- Eco-friendly: The Binance Smart Chain, which is built around PoS, consumes much less electricity than traditional PoW chains. Destiny DAO knows full well that “health is wealth” — thus we are committed to ensuring a brighter, greener, and wealthier future for all.
As we approach our launch date, we will publish resources to aid our community with onboarding their funds to the Binance Smart Chain.
Liquidity Presale Event
We plan on holding a presale to raise $490,000 at a valuation of $7 per $FTL. The maximum contribution per person will be $700.
- Our presale will be conducted using the stablecoin BUSD on Binance Smart Chain.
- We will select up to 700 whitelisted users who will have access to the presale for a 48-hour period. Every whitelisted presale participant is guaranteed to be able to contribute up to their $700 limit.
- After the 24-hour whitelisted presale closes, will open access to the public to fill in the remainder of the $490,000 (if any).
The funds raised in the presale will be used for the following purposes:
- $160,000 to bootstrap a BUSD/FTL liquidity pool on PancakeSwap at a rate of 1 $FTL= 14 $BUSD. The LP tokens will be permanently locked inside the Destiny DAO’s treasury.
- $246,000 to the Destiny DAO’s treasury, securing the value of the protocol.
- $90,000 to the project team for daily operational costs and continued development.
Destiny DAO’s presale is tentatively scheduled to take place in february. Stay tuned for exact dates and further announcements.
The presale will mint 70,000 FTL. This ensures that each participant will be able to claim at most approximately 0.15% of the initial supply.
Our treasury will be initialized with BUSD/FTL LP tokens valued at $320,000 as well as BUSD valued at $246,000 for a total of $566,000. Therefore, each of the 70,000 initial FTL tokens will be backed by $8.08 of value!
An additional 8,000 time-locked FTL are allocated to the development and marketing team. These tokens will be subject to a locked vesting schedule, with 25% unlocking after 1, 2, 4, and 6 months.
As our community grows, it will necessarily become more challenging to secure a spot as a Denizen of Destiny DAO.
- 400 members will traverse the Discord ranks from 🌍 Ground Base [LVL 1] to 🎖️ Whitelisted [LVL 6].
- 100 WLs will be awarded to those intrepid few, the first 100 entrants of the Destiny DAO Discord.
- 100 WLs will be awarded to members who provide extraordinary service to our community. This service could come in the form of regional language community mods, translation services, outstanding memes and GIFs that spark joy, or whatever the community needs to grow and thrive.
- 50 WLs will be awarded to members who Boost the Destiny DAO server and remain engaged and active in the community.
- 50 WLs will be awarded in an upcoming Twitter contest. Stay tuned and be ready to Like & RT.