CyberFi / Samurai Announces its next IDO: Kwikswap
Kwikswap, a decentralised Ethereum protocol where users can swap, stake, add liquidity and create markets, has announced that they will collaborate with the Samurai Launchpad for their $KWIK token offering on 25th May 2021, 14:00 UTC — 26st May 2021, 14:00 UTC, prior to the Uniswap offering on 27th May 2021, 14:00 UTC. The $KWIK token is being offered on the Samurai Platform with a $1,100,000 USD allocation for the CyberFi/Samurai Community. The allocations will be guaranteed, so the allocation amounts won’t be known until whitelisting is complete. An allocation multiplier will be in place to grade allocations according to staking tiers. However, with such a large total allocation, it is likely to be a very generous amount indeed.
Whitelisting opens: 14th May, 14:00 UTC
Whitelist closed and finalised: https://docs.google.com/spreadsheets/d/1DFlCHeozrDZuNhU2S-IUYY6HfhP-LvQ3Y-oS-RbGPMM/edit?usp=sharing
Samurai Launchpad IDO: 25th May 2021, 14:00 UTC — 26st May 2021, 14:00 UTC
Listing & Token Generation Event: 27th May 2021, 14:00 UTC
Full details under IDO Schedule in this Article.
Kwikswap In The Spotlight:
Kwikswap is an open-source, decentralised token trading platform. Many projects have tried to address the problems of centralised exchanges, but most have difficulties with user experience, performance and liquidity. Decentralized exchanges with these inherent problems make it difficult to push for mass adoption. Kwikswap is looking to solve these problems by through the use of custom-built automated market-makers (AMMs), a slick user interface and layer-2 scaling for fast transactions and low fees. This is how decentralised token-exchange should be.
The $KWIK token affords its holders the benefits of transaction fees from the platform — 33% when staking. It is also a medium of governance where tokens are delegated to vote on protocol changes and implementations.
Rapid Development
Kwikswap is setting itself head-and-shoulders above the DEX competition by delivering a host of development updates even prior to the IDO:
· Kwikswap is currently fully operational on Ethereum Mainnet with complete functionality: all systems are go and all features working perfectly.
· Audited code with an open and ongoing bug bounty.
· Kwikswap have not stopped here. Layer 2 is being implemented to give users a better decentralised experience, with lower gas fees and faster and a greater transaction throughput.
· After working closely with the Plasm Team the DEX has now deployed on the Dusty Testnet, making Kwikswap the first DEX Implementing Layer 2 in the Polkadot parachain.
· Meanwhile, other Parachain Networks are also integrating with Kwikswap — namely Acala Network. Acala is another amazing Polkadot Parachain, who also happen to be working closely with Plasm. Kwikswap testing is currently underway on the Acala Blockchain.
· Acala offers many exciting new Features including Stable Coins, Liquidity Staking, Fixed & Recurring Payments and Native Tokens for Gas fee and other many more interesting features to come in the pipeline.
· Kwikswap will use both Blockchains for a better user Experience on KwikSwap V2, and Acala blockchain fully supports Ethereum Solidity (EVM) Contracts.
· Users can Bind their Ethereum EVM account with Substrate for cross chain compatibility. User don’t need to face adoption hurdles, such as shifting assets to a new blockchain.
· Polkapanda NFT Marketplace is another display of the development prowess of the team. NFT trading is the next step in bringing decentralised finance to the masses. Polkapanda will feature top International designers that are new to the NFT scene and bringing with them some clean new design work and digital art.
Kwikswap ($KWIK) Token
The $KWIK token provides users with a variety of benefits. In particular users staking $KWIK receive 33% of all trading fees, in addition to a healthy 12% APY from the platform staking protocol. The remaining fees go to liquidity providers (50%), and the platform itself (16.7%).
Total Supply: 250 Million $KWIK
Seed and Presale: 150 Million $KWIK
Initial Marketcap and Circulating Supply: Evident only upon listing, due to the dynamic nature of the token sales.
Team:
The Kwikswap team have a depth of talent across the cryptocurrency and business industries, as evidenced by the rapid development and integrations the project has implemented at this early stage.
Participation & Allocation:
· Samurai participants will have guaranteed access upon successful completion of whitelisting. The allocation amounts will be determined by the total allocation ($1,100,000), divided by the number of successful participants. As stated, the allocations will be tiered according to the amount of $CFI or $CFI/ETH LP staked, enabling an allocation multiplier to be applied.
· The sale price is $0.20/KWIK.
· This equates to 5,500,000 KWIK for the Samurai community.
· Applicants to participate on the Kwikswap Samurai IDO can begin the whitelisting process on 14th May, 14:00 UTC
· To do so, please fill the application form here. You will then receive a confirmation per email, so please check it thoroughly and fill the form once more only in case you made a mistake.
Secure Launch Process:
To ensure a smooth launch on Samurai, Kwikswap has agreed to:
1. Have their domain fully SSL certified one week prior to token sale date.
2. Have their domain protected by Cloudflare.
3. Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
4. Add no less than $100,000 of ETH liquidity on Uniswap immediately upon listing.
5. Allow users to claim the $KWIK Tokens on the Samurai Launchpad.
6. Lock liquidity within 3 hours of listing for no less than 60 days at http://team.finance/
7. Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on Uniswap.
IDO Schedule:
· Whitelist Open: 14th May, 14:00 UTC
· Whitelist Close: 19th May, 10:00 UTC
· Whitelist Winners Announcement: 19th May, 14:00 UTC
- Whitelist Closed and Finalised: https://docs.google.com/spreadsheets/d/1DFlCHeozrDZuNhU2S-IUYY6HfhP-LvQ3Y-oS-RbGPMM/edit?usp=sharing
· Participation: 25th May 2021, 14:00 UTC — 26th May 2021, 14:00 UTC
· Token Generation Event: 27th May, 14:00 UTC
· Samurai $KWIK Token Claim: 27th May, 14:15 UTC
· Samurai platform: https://samurai.cyberfi.tech
· Kwikswap Website: https://www.kwikswap.org
About Samurai:
Samurai by CyberFi is a full suite Decentralized Cross-Chain Crowdfunding Launchpad & Stakepad built for the evolution of Defi.
CyberFi Website: https://cyberfi.tech/
Samurai Website: https://samurai.cyberfi.tech
Telegram: https://t.me/cyberfi_tech
Twitter: https://twitter.com/cyberfi_tech
Important Notes:
· Ethereum Address must match on all application forms and KYC documents. Ethereum Address must NOT be an exchange wallet. Failure to provide the correct Ethereum address or providing an exchange wallet will result in disqualification or void any application. No changes can be made.
· Each wallet MUST meet the minimum $CFI Token requirements. We will be taking snapshots of wallets and verifying this information.
· Each user MUST Complete all requirements listed above.
· In cases of data discrepancies, Samurai has the right to void, refuse, or disqualify a user.
· Samurai will provide the contract address for Kwikswap upon TGE.
· We will never PM you first, or prompt you for your private keys.
· Email correspondence will be done via official cyberfi.tech email addresses. (coo@cyberfi.tech &/or ceo@cyberfi.tech)
