Battle Stakes Liquidity and Protocol Launch
November 5 update – they will provide liquidity at 2pm UTC today.
November 3 update – the presale page is gone, and there are no announcements of a time for the liquidity and protocol launch. The team says they will publish the contract address on November 4, but that’s it.
October 30 update – the presale was extended through November 4, thus delaying the liquidity launch.
October 20 update – delayed to October 31.
October 18 update – presale was delayed to October 24, thus delaying this launch as well.
Token and dApp launch for a gamified algorithmic yield farming/staking protocol on BSC.
The exact start time for this event has not been announced. This time is a placeholder.
DETAILS
- Launch Details
- Token will launch on PancakeSwap
- Token pair: GEN/WBNB
- Listing price: $10
- Presale price: same as listing, but without the buy tax
- No vesting for presale
- Taxes: 16% buy | 30% sell at launch (sell tax then gradually decreases to a fixed 18%)
- Mechanics & Features
- Hybrid staking and gameFi mechanism
- Users earn by participating in “battles” by staking $GEN tokens with another user, in the “Castle”
- The winner of the battle is the last one to unstake
- 0.75% – 1.05% daily APR is paid on all staked tokens and the winner of the battle receives their initial staked tokens + a % of the opponent’s yield
- The first to unstake still gets a % of their initial staked tokens and the remaining balance of the earned $GEN in battle
- The primary battler (the initiator) pays 20% fee on their initial stake while the secondary battler will pay 30% of their stake (fees sent to protocol’s treasury)
- Rewards can be re-staked into other battles, or withdrawn – 3, 5, or 7% of rewards can be withdrawn every 16, 24 or 32 hours
- Battle winners are also rewarded with $ARENA tokens – the amount rewarded is dependent on the length of the battle and the quantity of $GEN staked
- ARENA is backed by BUSD and increase as the Arena Backed Value (ABV) of the token increases with every new participant
- Holders of $ARENA are able to sell the token back to the protocol for stablecoins at the Minimum Backed Value (MBV)
- Users will also be able to trade their $ARENA directly for $GEN at a 33% increase over the MBV
- Users can initially only hold 1 $ARENA, however this can be increased to a maximum of 3 $ARENA tokens by purchasing “ARENA boosters”. The price of the booster initially starts at $7.5, but is dynamic based upon the ABV
- To stake / battle, you will need a referral username/code to join
- If a user does not have a referral code, the protocol will provide a default referral code, which is tied to the community wallet
- 5% of all $GEN deposited in battle by the referred user will be sent to the referrer as bonus
- Referral bonus must be claimed within 7 days and the referrer must hold 5x the $GEN of the referral bonus to be eligible to claim their bonus
- Top 50 battlers + referrers are rewarded with a share of $1,000 is paid out every 48 hours, provided there is sufficient fund for payment, if not, there will not be a payout until the fund reaches at least $1,000
- The protocol maintains 7 wallets;
- Liquidity pool – for building liquidity; 1/1 GEN/BNB
- Insurance fund – for token price stability
- Treasury – for investments, future development and also to stabilise token price, if needed
- $ARENA token fund – backs the value of the $ARENA token
- Winner Circle fund – holds $1,000 in stablecoin to be paid out to the top 50 on the leaderboard
- Fire Cauldron – for token burns
- Marketing & development – funding for maintenance, future development and marketing
- Tokenomics
- Token symbol: $GEN
- Initial supply: 500,000
- 50% — Presale
- 25% — Liquidity pool
- 10% — Treasury
- 7.5% — Insurance Fund
- 7.5% — Marketing & Development
- 16% buy tax
- 4% — Liquidity pool
- 4% — Insurance Fund
- 2% — Treasury
- 2% — Fire Cauldron / Burn
- 2% — $ARENA token Fund
- 1% — Winners Circle Fund
- 1% — Referral Fund
- 18% sell tax
- 4% — Liquidity pool
- 5% — Insurance Fund
- 3% — Treasury
- 2% — Fire Cauldron / Burn
- 2% — $ARENA token Fund
- 1% — Winners Circle Fund
- 1% — Referral Fund
- 40% wallet transfer tax