Jutsu World on DojoSwap’s Launchpad

3 min readJun 18, 2024

What is Jutsu World?

Jutsu World is the first playable Trading Card Game on Injective. Using the CW404 token standard, Jutsu World allows NFTs to be fractionalized and embedded directly into the NFT’s smart contract. This essentially allows you to trade fungible fractional portions of the NFT and play TCGs on the blockchain!

In addition to minting and generating Jutsu World playing cards, $JUTSU tokens can also be used in liquidity pools, offering holders the chance to earn rewards and participate in the DeFi ecosystem.

$JUTSU stand to gain immense from benefits such as

Card utility
LP farming yields
Buy & Sell cards on NFT marketplaces
Governance rights

Have a look at their documentation, website and X account here.

Launchpad Mechanism

Start of Launchpad: 25th June 2024, 12pm GMT
End of Launchpad: 26th June 2024, 12pm GMT
Total Duration of Launchpad: 24 hours
Where to Participate: https://dojo.trading/launchpad?p=jutsu

Currency to Participate in: DOJO
Type of Launchpad: Overflow
Total Amount to be raised: $540,000 in $DOJO
Total Token for sale: 360,000 $JUTSU
Cost per $JUTSU: ~$1.50

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 committed $1000 in DOJO)

Total amount to be raised: $540,000 USD in DOJO
Your share in respect to total committed: 1,000/900,000
Total Token for sale: 360,000 $JUTSU
Number of $JUTSU you will receive: (1,000/900,000) * 360,000 = 400 $JUTSU
Cost of acquisition: 400 * $1.50 = $600
You will receive: $1,000-$600= $400 in DOJO back

Community Whitelisting

The amount that you can participate with is determined by your Dojo Net-worth, which is the aggregate value of

$DAOJO
$DAOJO/DOJO LP
$babyDOJO
$SUSHI
and $SUSHI/DOJO LP

In short, for every $1 in Dojo Net-worth, you can invest $5 in $DOJO into the Launchpad. This means that if you would like to invest $100k into $DOJO Launchpad, you will need an additional $20k in Dojo Net-worth.

After committing to the launchpad, you do not need to maintain your Dojo Net-worth until the launchpad ends.”