Samurai Week — $CFI Token Integration — Article 3
Hi, Geralt here!
As we have moved through Samurai week, breaking down Samurai as a product and what this means for the community and the CyberFi Ecosystem. Today marks the last article in this 3 part series. Don’t worry we have many more articles to follow, but this week was solely focused on the introduction of Samurai!
If you live under a rock, or have been spending too much time on the moon. Take a look at the last 2 articles which will get you up to speed on Samurai.
Article 1 : Samurai Formal Introduction
Article 2: Samurai LaunchPad & StakePad
Today, we are diving into Article 3: $CFI Token Utility in Samurai & What this means for Holders.
The suspense has been real, so let’s get right into things.
Article Outline:
CyberFi token powering the Samurai LaunchPad, Tiered Allocations, VIP Staking Events, Public Skating, CFI Holder Discounts, & Priority Access.
As we further develop the platform, additional utilities will be implemented and improved upon.
CyberFi Token and Samurai:
$CFI will be the Primary token used as a prerequisite for the platform. We will NOT be creating a separate token, Samurai is a project built as an important part of the CyberFi Ecosystem.
This is a massive boost in terms of utility. As the launchpad space is growing we believe this will allow us to increase mass adoption, grow our network and gain a larger TVL.
Launch of Samurai and the First Iteration:
Samurai is focusing on creating a positive loop of participation, community building and growth for projects participating on the LaunchPad and listing on the StakePad. For that reason our goal for the first few launches is to allow a larger community to venture into Samurai.
For the first project joining Samurai LaunchPad, users will need to complete one the following actions:
- Stake at least 50 CFi in the Staking Pool at https://stake.cyberfi.tech/
- Stake at least 5 CFi/ETH LP Tokens in the Liquidity Mining Pool at https://stake.cyberfi.tech/
This rounds up to approximately 1000$ in CFi Tokens that users will need to purchase and hold. We’ve strategically made this number low to provide higher amounts of participation and access. Next Iterations will involve a tiered system.
Users that will complete the rules above will be eligible to participate in a lottery based system, where around 400–500 users will be chosen to go into a First Come First Serve (FCFS) pool.
The First IDO on Samurai:
For the first project on Samurai we have chosen a great DeFi platform with all the elements for a successful launch:
— Solving a real problem for one of the most exciting niches in DeFi
— Product built and being tested
— Small raise
— Experienced and Public Team
— A number of VCs on board
— Top notch influencers involved
We are focused on quality most of all and are incredibly happy with our pick and are excited to share it with all of you soon.
Second Iteration of Samurai:
After the first few projects we will venture on to a tiered hybrid structure of guaranteed allocations and lottery based FCFS pools. The first buffer iteration will also give us the ability to collect feedback and work out the best system to date.
As time goes by, the StakePad will also become a massive focus for Samurai. Contrary to the existing launchpad market, on Samurai the journey of the project will continue after it has launched, as it then goes to the stakepad where CFi utility kicks in, as users who hold CFi also get additional rewards. Projects will have staking pools open for them straight after launch providing utility seconds after their listing. We also have a number of features tying in the LaunchPad and StakePad.
We believe that the StakePad in time will provide as much utility to the CyberFi community as the LaunchPad. Managing a large amount of projects through one dashboard is not only a utility in itself but provides for additional automation features to be enabled leveraging our tech.
As we on-board other blockchains the utility of $CFi will grow and we have a number of exciting things to push on that front as well.
$CFI Utility TL:DR:
With heavy emphasis on $CFi utility Samurai will in summary provide:
- Access to whitelisting and lottery based FCFS
- A tiered system allowing $CFi holders to receive guaranteed allocations
- Additional rewards for Staking $CFi
- Additional rewards for Staking other projects when holding $CFi
- Cross-chain functionality
- Access to NFTs
If you have any questions, be sure to join us on Telegram
Interested in joining the Samurai Ecosystem?
Samurai Launchpad Form: https://form.typeform.com/to/sf0ABUzI
Samurai Stakepad Form: https://form.typeform.com/to/Txhq3MfP
