Okay anons let me pitch this up for ya. The only reason why I am sharing this info here is because I would like to give back to the community and do my part. Through your shillings... although it was not always a perfect call due to some scamfags shilling their dumpworthy bags... I have managed to x40 my initial cap.
I have found a project which is way undershilled, underhyped and under the radar of moonboy fagtards. Although I am certain that these fagtards will read this post and make the community filled with degen shitposts soon kek
Without further ado, this is a brand new defi gem with governance tokens sprinkled with a twist of sexy tokenomics like farming, staking, burning and buybacks.
1. We can farm it just by holding tokens like MKR and COMP 2. We can stake it at 40% APY (will decrease every month and early birds will be enjoying the most) 3. We can create proposals and vote with their tokens. Tokens used like these are burned 4. There is a default fee paid in ETH when we claim farmed or staked rewards. These fees are accumulated and used to buy back and burn their tokens.
Now let's talk about market cap.
Max supply is 10m Initial supply is set to be 2m But it will be significantly lower than this because they are burning all unsold tokens. Public sale price is $0.5 and it hasn't even ended yet. Now you know why I fckin hesitated to post this here.
At this level of hype around them I am certain that only about 200k will be sold. This means only 200k will be circulating when it launches. Now this means initial market cap will be only about $100k. You ain't wet yet? hodl my beer.
I've double & triple confirmed with the devs if things will continue without reaching hard cap and asked why the fck they are not shilling the public sale. I mean we're in it for the fckin money. Here's what they said:
"The public sale may end earlier, should we have the main contract ready to be deployed on the mainnet. Public sale has been put in place to merely help fund our developments better. However, it is not our priority and we will be delivering as per the roadmap regardless of the amounts raised. We expect it to end earlier but dates will not be disclosed at this point of time.
In terms of marketing initiatives, we are currently in talks with a few different teams to help us organically grow the community, once the public sale ends and the incentivized governance protocol & the farming goes live. "
They don't want to shill it yet. Not until farming and governance protocol goes live. Not wet yet? keep hodling my beer.
Here is there full roadmap: Q3 2020 -Public Sale Launch -$BREE Token Contract Launch on Mainnet -Initial Prototypes for Governance Dashboard & Farming Dashboard -Partnerships with Exchanges & Wallet Services
Q4 2020 -Governance Dashboard Launch -Farming Dashboard Launch -Initial Consensus Protocol Launch (incentivized governance protocol) -Implementation of Inaugural Proposals by Users -Implementation of Farming for DeFi Loan -Backers (synthetic defi asset holders such as cUSD)
Q1 2021 -CBDAO Mobile Application Development (Governance & Farming Dashboard) -Inaugural Hackathon for Developers (incentivizing developers to build and research consensus protocols on CBDAO) -Implementation of cross-blockchain $BREE tokens
Ryan Evans
Q2 2021 -Quarterly Hackathon for Developers (focused on sandbox tools for creating DAOs) -Publish Research & Thesis on DAOs built on the blockchain -Sandbox Tools (Prototype) for Easy One-click Deployment of DAOs -Implementation of cross-blockchain $BREE tokens on the wallet -Research on decentralizing the asset value evaluation process for determining farming rates with off-chain oracles
Q3 2021 -Quarterly Hackathon for Developers (focused on voting mechanisms & tools) -Launch Sandbox Tools for Easy One-click Deployment of DAOs -Integration of DeFi Tools on the $BREE Wallet (merge and create an all-in-one solution for #DeFi users) (Prototype) Connecting off-chain oracles to evaluate an asset’s overall value to determine on-chain farming rates
Q4 2021 -Quarterly Hackathon for Developers (focused on connecting off-chain oracles to on-chain voting mechanisms) -Publish Research & Thesis on DCPs Focused on Incentivized Governance Protocols -Complete decentralization of determining farming rates for a given asset -Development of a for-profit organization focused on deploying DAOs on the blockchain for enterprises Now the only issue with this project is that team is user. We demanded some answers and this is what we have: "Hey, all of us are actually currently working under a different decentralized autonomous project which is live and going well. This project has been created to be used as a sandbox for experimenting various different consensus protocols as we can't freely implement and proof-test these ideas in a timely manner there particularly due to regulations and various political aspects of things in place there. Yes, I completely agree that a vibrant community is required for things to work, particularly with DAOs."
Thomas Harris
So I assume they are in a DAO project which probably has a complex team with internal/external pressure with regulations & politics involved. The 'incentivized' part can make a token fall under securities so I assume they want to avoid that. Staking and farming are all passive income shit which makes the SEC drool. The token buy back and burn shit too can be on the borderlines. That’s prolly why they went user. Makes perfect sense.
Now that the ball is in your court, it's your time to do your own research anons. Try to read their articles for more jizzworthy materials. Now give me back my beer.
I bought 5k today after reading about tokenomics. It has some great potentials and it seems like they are purely focused on research and development. This is usually a good sign
Dominic Kelly
>-Public Sale Launch > Q3
How deep did you go on this?
I'm afraid the governance token hype will die down by next year. They might be late.
Connor King
shut up pajeet faggot, no one is buying your shitcoin bags
OP. Your pitch was ok but I don’t like the way you write. Therefore, I’m out. Take your damn beer away from me.
Daniel Garcia
Is 2k enuff? Or did I just suicide stack myself
Jackson Miller
Why is their twitter full of
> #defi
Smells like a coordinated pajeet scam.
Nathaniel Young
You fagtards won't go far in life without being able to read something for 5 mins. Probably applies the same to the way you invest so go get rekt idiots
Jose Evans
Staking Farming Burning Buyback and burn Create proposal Vote Defi DAO Low cap
What did I miss?
Dominic Brooks
U smart autist well done well done.
Camden Sullivan
1k suicide stack 5k make it eoy 2021 10k generational wealth for grandkids grandkids 20k fk u money fk the capitalism bs
Joseph Thompson
kek
Jason Gomez
What’s the farming and staking %?
William Torres
Who got in the priv sale?
Tyler Cruz
There was no priv sale seed round crap
Isaac Bailey
I got 1k am I gonna make it guys?
Andrew Cook
Why farming why not just put staking only?
Joshua Reed
In order to grow the initial user base of CBDAO with users who are already familiar with consensus protocols on DAOs, we have decided to allow users to farm $BREE by holding other renowned governance assets such as Maker (MKR) and Compound (COMP). In the case of CBDAO, the value being provided by these users are not in a tangible form — depositing or locking-up their assets on an application — but rather, intangible in the sense that they will provide values in ways of active participation within the community and CBDAO’s incentivized governance protocols.
Sustainable and Balanced Growth: A Battle Between Farmers vs Stakers Farming rates will increase if the market cap or the staking rates of BREE decreases. The following statement below has been written assuming that farmers are short-term holders and stakers are long-term holders of BREE. Penalty Assuming $BREE farmers to be short-term holders who are interested in selling their tokens immediately, we have implemented ‘penalty fees’ which will require farmers to pay default fees in ETH whenever they claim their ‘farmed rewards’. These fees are collected and used to buy-back and burn $BREE tokens from the markets (occurring weekly — for more information, please read: medium.com/@coinbreeder/tokenomics-of-cbdao-bree-a622fca12907). Similarly, this has been implemented for claiming staked rewards. Proposals can be created to increase/decrease these fees. Potential Conflict There may be a continuous battle between Farmers vs Stakers whereby farmers will try their best to sustain or decrease the staking rates of BREE to sustain or increase their farming rates and stakers will try their best to sustain or increase the staking rates to sustain or increase their staking rewards. This is expected to serve as means of autonomously balancing the overall farming and staking rates of $BREE.
