Cherish to Bloom on Samurai by CyberFi

The first Cherry-powered dapp IDO

Published in

CyberFi — Intelligent DeFi Automation

3 min readFeb 21, 2022

CyberFi is ecstatic to cement our long-term relationship with Cherry Network by offering Cherish ($CHC) IDO to our community on Wednesday, MARCH 2 at 11:00am UTC. This LOTTERY-BASED IDO is open to all $CFi stakers at the Ninja tier (100 CFi staked) and above who whitelist on Samurai from Monday, February 21 at 14:00 UTC.

Check out our convenient QUICK HITTER for all the Cherish sale details.

If you are unfamiliar with our tier structure, you can check it here: Samurai Tiers

Cherish

Cherish is a place where artists are free to express themselves creatively, and capture the value their art brings to the world. This means Cherish does not moderate or sanitize their artists’ creations, nor do they charge fees for the use of their social features. Whether through their feed, commissions, or shop, artists can now engage with their community in a fair and sustainable way. Cherish grounds this new creative economy on the Cherry Chain, a cutting edge layer-one blockchain network. They aim to fully decentralize their stack and become the first truly distributed, censorship-resistant hub for cultural exploration.

Censorship resistance

Cherish stands for the freedom to create, no matter who you are, where you’re from, or where you’re going. Cherish is built on the blockchain with no central point of failure or control. Express yourself, unfettered.

Authenticity

Cherish introduces a new standard for artistic creations. Every post, every commission, every transaction is cryptographically signed and indelibly recorded on the blockchain. Art is thus inextricably linked with its maker, transparently guaranteeing its authenticity, forever.

Legacy

Cherish believes in the power of art. Its important impact must be preserved to educate and inspire the generations to come. Whether an insightful multi-sensory representation of humanity’s vulnerabilities, or a picture of a kitten, this snapshot of culture as it unfolds will be permanently recorded on the blockchain.

$CHC Tokenomics

$CHC has a total supply of 50 million tokens of which 1.5 million will be circulating at TGE. This results in an initial market cap of $450k USD.

Participation on Samurai

The IDO (150k raise) sale for Cherish is set to take place on Wednesday, March 2, 11:00am UTC on Samurai Launchpad.

This LOTTERY-BASED whitelist IDO is open to all stakers at the Ninja tier (100 $CFi staked) and above on a first-come, first-served basis.

Interested CyberFi stakers must state their intention to participate in the IDO by clicking “Whitelist” on the Samurai Dashboard: Here.

Whitelist Start: Monday, February 21
Deadline for whitelisting: Wednesday, March 2, 04:00 UTC
Whitelist winners announcement: Wednesday, March 2, 06:00 UTC
IDO participation: Wednesday, March 2, 11:00 UTC to Thursday, March 3, 11:00 UTC.
$CHC TGE: TBA

Whitelisted stakers in all tiers are eligible to purchase $CHC at the Public Round (IDO) price of $0.30 BUSD per $CHC. The token can be purchased in allotments between $500 BUSD and $2,500 BUSD on a first-come, first-served basis. Tokens purchased at IDO are subject to vesting with 20% unlocked at TGE followed linear vesting for six months.

Tokens purchased in the IDO will be claimable from Cherish.

All purchases are made in $BUSD on the Binance Smart Chain.

Please refer to our convenient QUICK HITTER for all relevant sales information in one handy location.

If you are unfamiliar with our tier structure, you can check it here: Samurai Tiers