⚔️ Kage Finance on DojoSwap’s Launchpad

DojoSwap
7 min readJan 23, 2024

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Hello Ninjas,

Onwards and upwards

We thank all of you for having participated in DojoSwap’s 2nd ever launchpad; NinjaRoll. Of a 300k USD intended raise, they achieved a ~1.5m raise, representing an oversubscription of ~5x, with their token sitting comfortably in the green. Congratulations to the NinjaRoll team! As a small cap project with a smaller initial community, this was a pleasant surprise for most of DojoSwap’s community who were not expecting such a turnout.

That said, our team concedes things that we could have done better for the launch of NinjaRoll:

  • Less than ideal communications when we first announced the 2nd ever launchpad – While we had a plan laid out in the best intentions of the DOJO holder community, some of it were not communicated to the best of our abilities. Having said that, we have worked to ensure that future launchpad announcements are crafted better to prevent undesired volatility.
  • Smaller wallets were left out of the launchpad due to the way that the code was written – Understandably some members of the community were unhappy at us due to them getting a full refund as a result of oversubscription. It is not that our team favors whales, but really due to how the contract was written, which rounded allocation down to 0 (Not a bug, was a feature!). We’ve taken note of this, and our team has since rewritten our launchpad contract to ensure that even small allocators get a bite of future launchpads.
  • Some technical issues – Some swapping issues were experienced by users, and our dev team has narrowed down some of these issues and have fixed them for good. You can expect a way smoother experience in our future launchpads!

We’ve taken all the above, and many other smaller feedback into consideration for our future launches. Once again, we congratulate the NinjaRoll team on having such a succesful launch on our platform, and much kudos to them for driving huge transaction volumes on Injective of over $150k USD since launch!

Moving on, some admin matters

Before we announce the launch of our 3rd launchpad, our team would like to highlight the following items:

  • Yes, we understand that we are moving rather fast, and NinjaRoll team might not have had enough time to build out their project sufficiently to sustain holder interest (before a shiny new coin is dropped).
  • We’ve discussed a strategy with the NinjaRoll team to protect ROLL holders’ interests.
  • Our team has taken a snapshot of $ROLL token price before this announcement at ROLL-DOJO ratio of 0.152 and $0.049 USD. In the event that the ROLL token takes a hit, the NinjaRoll team and the Dojoswap team have set aside dev funds to buyback ROLL token after the 3rd launchpad event to repeg the price to either the ratio or the USD price point, whichever is closer.
  • In this manner, we aim to ensure to protect users who continue to believe in the long term aspects of the ROLL token, and the NinjaRoll team who have huge plans ahead.

The reason why our team has taken such pains to protect launchpad token holders is for one reason; Trust. We wish to build a culture of trust surrounding the tokens that launch off our platform by ensuring that these very tokens have sufficient runway to build out an awesome product, and that the community who believe in them are rewarded. Understandably, our Dojo team is moving very quickly to launch products (some may say that we are going too fast!), but all of this is for the greater good. In reality, the best way to put Injective chain on the roadmap as the top 3 Cosmos chain (and eventually top 5 largest chain), is really about speed and accuracy. Our team will continue supporting strong projects who build on Injective chain to bring about utility and infrastructure. Only in that manner, we believe that the Injective flag can be flown high!

That said, announcing our 3rd ever launchpad – Kage Finance

What is Kage Finance?

Kage Finance is a dynamic trading platform built on Injective, delivering an optimal trading experience for traders of all levels. There are two core products: Kage Bot, a Telegram trading bot, and Kage Terminal, a web-based trading application.

Kage Bot — Telegram Trading Bot:

Kage Bot is not just any trading bot. It is a powerful and convenient tool that allows users to buy and sell tokens swiftly on Injective through Telegram. Simply key in the token address or name on the bot, and you will be able to trade instantly. Besides that, Kage Bot also has a referral fee structure for users. Kage Bot is currently live for public access.

Some features includes:

  1. Buy/sell tokens
  2. Export wallet
  3. Regenerate wallet
  4. Portfolio management
  5. Customize settings for slippage, gas, and buy/sell amount

Kage Terminal — Web Trading Application:

For traders seeking a sophisticated trading experience, Kage Terminal distinguishes itself akin to centralized exchanges. Tailored for advanced users, Kage Terminal ensures precision trading with its features, setting a new standard for decentralized trading platforms.

How does Kage Finance benefit DojoSwap?

As a close partner of DojoSwap, Kage Finance contributes to the growth of the native DEX on Injective. The partnership extends to rewards and fees, as both $KAGE and $DOJO holders benefit from shared rewards and fees from liquidity provision and staking. This ensures that users engaging with either platform receive added value and incentives.

Moreover, Kage Finance’s recurring revenue fees play a crucial role in supporting DojoSwap. The fees generated by Kage Finance are strategically utilized for the buyback and burning of $DOJO tokens.

This mechanism not only enhances the scarcity of $DOJO but also contributes to the overall sustainability and development of the DojoSwap ecosystem.

Before you continue, give Kage Finance a follow here on twitter and on telegram.

Kage Finance Launch Article and Tokenomics here

Launchpad Mechanism

Start of Launchpad: 27th January 2024, 12pm GMT
End of Launchpad: 28th January 2024, 12pm GMT
Total Duration of Launchpad: 24 hours
Where to Participate: https://dojo.trading/launchpad?p=kage
Currency to Participate in: DOJO/INJ LP
Type of Launchpad: Overflow
Total Amount to be raised: $450,000 IN DOJO/INJ LP
Total Token for sale: 15,000,000 $KAGE
Cost per $KAGE:
~$0.03
Burn of $DOJO : $225,000 USD in DOJO will be burnt

For Overflow method of fundraise, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In this Overflow method, users can subscribe as much as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will get back any leftover funds when they claim their tokens after the sale.

Sample Scenario

(If total amount committed is $900,000 and you commited $1000 in LP)

Total amount to be raised: $450,000 USD in DOJO/INJ LP
Your share in respect to total committed: 1,000/900,000
Total Token for sale: 15,000,000 $KAGE
Number of $KAGE you will receive: (1,000/900,000) * 15,000,000 = 16,666.67 $KAGE
Cost of acquisition: 16,666.67 * $0.03 = $500
You will receive: $1,000-$500= $500 in LP back

DOJO Holders Whitelisting

1 DOJO counts as 1 DOJO net-worth. DOJO in pool/wallet are counted.
For every $1 of DOJO net-worth, you get to participate with $2 of DOJO/INJ LP

Sample Scenario

User XYZ have $30 of DOJO/INJ LP and $10 of DOJO
His DOJO net-worth is $10
He can participate with 2 x $10 = $20 DOJO-INJ LP

Additional notes

  • Kage Finance is running an Airdrop campaign, feel free to participate
  • Dojoswap team is also preparing an Airdrop campaign, watch out for more details
  • Such a rapid launch is one of its kind, our team will space out launches a little better for the future. It’s just that some items are more strategic in nature than others.
  • Emissions have been cut by more than 75% since our launch, pushing us closer towards sustainability. Should token price continue pushing for new highs, our team will correspond with more cuts to reduce holder dilution
  • In the future, once we attain > 10mil liquidity we will be consider conducting raises purely in DOJO token to maximise utility for DOJO holders
  • Inscriptions, wen? Marketplace, wen? More details soon!

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