xTEN Genesis Pools Launch

March 9 update – there were technical problems with the launch, and the team says they will be refunding all deposit fees. The team plans to meet internally and decide if they will move forward with the project.

March 7 update – delayed to March 8.

March 6 update – Delayed to March 7.

Algorithmic stablecoin (tomb fork) + NFT farming + Gacha lottery protocol on BSC.

DETAILS

Genesis Farms (Drill Field)
- Genesis farming will last for 5 days
- 90,000 ARROW rewards to be distributed across the following pools:
  - Native pools
    - 30,000 — xTEN Bullish NFT
    - 20,000 — ARROW/BUSD
    - 20,000 — TARGET/BUSD
  - Non-native pools
    - 200 — COMB (0.5% deposit fee)
    - 4,950 — BUSD (0.8% deposit fee)
    - 4,950 — BNB (0.8% deposit fee)
    - 4,950 — ETH (0.8% deposit fee)
    - 4,950 — BTCB (0.8% deposit fee)
- No deposit fee on native pools
- 0.5% – 0.8% deposit fee on non-native pools
- No withdrawal fee
- Rewards can only be claimed every 6 hours
- 10% sell tax on $ARROW
- Bullish NFTs holders have $ARROW sell tax reduced to 5%
- During genesis, ARROW/BUSD LP can be deposited in ‘TRADE’ in exchange for $TARGET at a rate of 1/100 of the ARROW reward amount during genesis period – 75 $TARGET will be distributed every 8 hours for 4 days
- $TARGET farms is scheduled to open on March 11 2023, 1pm UTC
- No boardroom

Tokens
- $ARROW is the algo-stable token, not pegged to any asset
  - Initial supply: 130,000
    - 90,000 — Drill Field (Genesis) rewards
    - 30,000 — Treasury
    - 10,000 — Initial liquidity
- $TARGET is the shares token
  - Total supply: 90,000
    - 72,000 — Archery Field (Farming) rewards (vested linearly over 180 days – 400 TARGET/day)
    - 3,200 — DAO fund (vested linearly over 180 days – 17.77 TARGET/day)
    - 4,800 — Dev fund (vested linearly over 180 days – 26.67 TARGET/day)
    - 10,000 — exchange with ARROW/BUSD LP via trade during the drill field period
- No bond token

Features
- Buy and Sell Tax
  - 10% sell tax on $ARROW; no buy tax
  - 5% buy tax and 10% sell tax on $TARGET
- x10 booster pools – deposit TARGET in booster pools to earn either ARROW or BUSD
  - BOOSTER-A pool – deposit TARGET and receive ARROW
  - BOOSTER-B pool – deposit TARGET and receive BUSD
  - Minimum of 7 days to maximum of 30 days staking period
- Lottery feature – deposit ARROW or TARGET for a chance to win prizes
  - First and second winners will be paid in NFT, which can be exchanged for BNB
  - Third winner will be paid in ARROW
  - NFTs received as prizes will be locked for 10 days
  - sales tax of ARROW will be deducted before being given to the winners
  - prize will be funded from profit from treasury fund, taxes and delegate farming
  - ARROW & TARGET used in the lottery will be burned
- In built swap to exchange ARROW and TARGET for BUSD
- LP tool to create native LPs (ARROW-BUSD, TARGET-BNB, TARGET-BUSD)