Attention, Nudes Army!
We are extremely excited to announce that we have launched the Nudes Boomer Single-Stake Fund! The Boomer Fund is a single-stake fund where you can stake NUDES tokens (in the form of LAMBO tokens) to earn yield by accumulating NUDES from the overall usage of the platform and more.
I know what you’re asking. Boomer? LAMBO? What? Why?
In a word: Meme-ability.
That’s right. NUDES is the memecoin of all memecoins, and we want to keep it that way. Therefore we chose the names Boomer Fund and LAMBO tokens to create the maximum possible meme-ability for the project. And we all know boomers and lambos equals memes, memes, and more memes.
NUDES, BOOMERS, and LAMBOS. Oh my.
Users can now invest NUDES into the Boomer Fund to earn NUDES yield. Both NUDES and the Boomer Fund are non-inflationary and will not dump the token price, as other single-stake pools have been known to do.
Here is a common scenario of other single-stake, Token X/Token X pools. Let’s say we have a platform called WaffleSwap, and they have a pool to “Stake Waffles, get Waffles.” In the pool, 50% of the Waffle tokens are locked, which takes them away from the market, thereby increasing the price. Those who are staking are quite happy since they get more Waffle tokens (50% yield) and everything seems good in the world.
But what happens the day Waffle tokens stop being minted? All the supply in that pool will be released on the market which will cause a gigantic drop in the price of the Waffle token; thus a single-stake pool that gets only minting rewards is really just an inflationary bubble that one day has to burst.
Enter the Nudes Boomer Fund.
The Boomer Fund will get 5% of the total NUDES supply over 15 years, and it will also get 20% of all activity fees on the platform. See the list below for more details.
When investors invest NUDES in the Boomer Fund, they’ll receive LAMBO tokens. The LAMBO tokens will increase in NUDES value since they represent the investor’s share of the Boomer Fund. The Boomer Fund grows every time a transaction is made on the Nudes Army MemeSite.
How do I participate?
- Buy a portion of the Boomer Fund using NUDES (you can buy with any asset in your connected Neo wallet and it will automatically be converted to NUDES then LAMBO)
- All NUDES is converted to LAMBO when investors enter the fund
- All LAMBO is converted to NUDES when investors exit the fund
- Yield is not claimable but is auto-compounding and added to the fund; therefore investors share value
- Investors get their yield in the form of increased NUDES when exiting the fund
- There is a 1% exit fee to discourage short term investors and possible exploits. For example, at a 17% APY you would need to stake a minimum of 21 days in order to profit, otherwise you would lose money with the 1% exit fee.
Where does the yield come from?
- 5% of NUDES from the total NUDES supply over 15 years
- 15% of all fees generated from Nudes Army NFT resale royalties
- 20% of all fees generated from meme creation on nudes.army
- 20% of all fees generated from upvoting and downvoting on nudes.army
- 20% of all fees generated from commenting on memes on nudes.army
- 20% of all fees generated from project and company advertisement on nudes.army
Now get out there and stake some NUDES! That’s an order!
NUDES is the first meme coin with utility built on the Neo N3 blockchain. https://nudes.army/
To stay in touch with us and keep up to date on all things NUDES, join us on Discord and Telegram, and connect with us on Twitter.
Buy NUDES on Flamingo Finance.
Buy NUDES on PancakeSwap.
Buy NUDES on MEXC Global.
