Trainer Chad is ready to begin his journey onto the Binance Smart Chain (BSC), he’s set to launch the first elastic supply token, Ditto-Money.
Ditto Money is the first elastic supply token on the Binance Smart Chain (BSC), bringing the benefits of a store of value and payment token to its users. THE $DITTO price target is set for one Dollar, triggering rebases daily to shift demand, targeting the $1 equilibrium. Rebases can be triggered up to six times a day by any user, and since it’s on the BSC there will negligible costs to the users who trigger them. Ditto Money is more than just a token; it’s also an ecosystem with Dapps for staking, governance, and NFT-based gamification. You can read more about Ditto Money in my previous article HERE.
Ditto Money is announcing their official token sale, which will be held on Wednesday, December 23rd from 7 am – 8 am UTC (Coordinated Universal Time)
The team at Ditto Money is aiming to raise $1,260,000 between their sale and IFO
And you can participate in two different ways:
1. You can buy directly from the Ditto Money homepage (700,000 tokens)
2 .You can purchase via the Initial Farm Offering (IFO) on Pancake Swap (700,000 tokens)
If all tokens get sold on Pancake Swap and the full $630,000 USD allocation is raised, then $315,000 worth of CAKE tokens will be burned forever.
In the case that not all tokens get sold the Ditto Money team will keep custody over the tokens until the community decides what to do with the unsold tokens, ie. Burn them, use them for partnerships, or use them for giveaways.
Buying via Pancake Swap IFO goes as follows:
First thing to do if you want to participate in the IFO is:
1. Buy CAKE and BNB tokens
2. Get CAKE-BNB LP tokens by adding CAKE and BNB liquidity
Pancake Swap’s sale will be using the “Overflow” sale method, which means the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
“In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, 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 receive back any leftover funds when they claim their tokens after the sale.”
As soon as the sale starts, on Wednesday, December 23rd at 7 am – 8 am UTC, commit your CAKE-LP tokens to buy $DITTO tokens at pancakeswap.finance/ifo
When the sale is complete, claim your DITTO tokens, and your unspent funds (If applicable) will be sent back to you.
That’s it, now you can, in the case of an overflow, unstake your remaining CAKE-BNB LP tokens.
Fear not, if the IFO sells out quick or you want to pay via BNB & still participate in the pre-sale, you can do so at the same time as the IFO via ditto.money official website as they will also be holding a sale.
$DITTO tokens IFO will be set at $0.90; once the sale is completed, a total of $200,000 initial liquidity will be provided to list DITTO at $1.00 (1/2 $BNB — 1/2 $DITTO). The Ditto Money team will provide this liquidity, locking it for one month (1/23/2021).
There will be 1.400.000 $DITTO tokens for sale, and that number will also be the circulating supply for on the day of launch.
Allocation for the total supply of $DITTO is as follows;
- 70% public sale
- 15% LP staking rewards
- 10% ecosystem fund
- 5% initial liquidity
As this is an elastic token, there is no maximum or minimum token count. If you don’t exactly know what the term “elastic token” means, the guys over at Ditto Money made THIS little tutorial for you.
What can I say? Everything is looking good, and I’m sure lots of you can’t wait to get into this token due to the appealing tokenomics.
I wish you good luck, Ditto Money.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
At the end of the day none of our articles are advice and all financial decisions should be made on your own behalf or from a professional financial advisor.
For more information, or if you wish to stay up to date on the project, check out their media and social media pages.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.