Bicash Protocol: Fair launch schedule
Announcement
The core principle to create bicash protocol is on the user, of the user, for the user. Then we must set a real fair launch at first. After studying the launch process of many protocols, we created the real fair launch schedule below.
Initial LP schedule
We will mint 10,000 cash tokens for the initial liquidity pool, details as below.
When the number of telegram group members reaches 100, we will set up an initial pool of 1,000 CASH tokens and 200 BUSD tokens on pancakeswap. The obtained LP token will be burned immediately and all users can purchase cash tokens.
After that, every time the telegram group members increase by 100, we will sell 500 cash tokens from the CASH-BUSD pool of pancakeswap. The obtained BUSD and the corresponding amount of cash tokens will be used to add liquidity to pancake. The obtained LP token is also burned immediately.
When all the initial minted CASH tokens are exhausted, the initial LP step completed.
Phase one schedule
In phase one, SHARE token will be distributed as reward for many farming pools. It will be started after initial LP step completed.
At the beginning, we will only start CASH-BUSD LP pool. Then at the second day, we start SHARE-BUSD LP pool.
The boardroom will be started at the third day. Staking CASH-SHARE LP will get the inflation reward of the CASH token when the price of CASH is above $1. More details please read the docs.
We will public the contract source code and the deployed contract address soon.
Links
docs: https://docs-bicash.gitbook.io
website: https://bicash.finance
telegram: https://t.me/bicash_protocol
twitter: https://twitter.com/FujiBicash
