Samurais, we as a team would like to sincerely apologize for the delays to our launch, we have been working hard to ensure that the project is as safe as it can be, and as good as it can be. We are excited to share this announcement with you all!
ROADMAP
Over the next few days, this is what will be happening:
Presale :
- GMT: Wednesday, December 8, 2021 @4PM
- PST: Wednesday, December 8, 2021 @8AM
- EST: Wednesday, December 8, 2021 @11AM
Launch / dAPP :
- GMT: Friday, December 10, 2021 @4PM
- PST: Friday, December 10, 2021 @8AM
- EST: Friday, December 10, 2021 @11AM
Next steps :
- We will create a Snapshot so the $SHOGUN holders can vote on the future of Shogun.
- We will create limited series Shogun NFT.
- We will create a game.
- We will pick one lucky shogun holder to win a trip to Japan every month.
Marketing
We currently have planned :
· Japanese influencers
· Travel blog of people who go to Japan from the monthly trip
· Partnership with other DAO.
· We will work with the group to make a marketing plan and share it in a future Medium Article.
What Makes ShogunDAO Unique
- ShogunDAO is owned and controlled by our community of token holders.
- No more predatory farmers. Lock-in liquidity also helps regulate ShogunDAO supply.
- Bond sales and liquidity fees increase Treasury values, which back outstanding ShogunDAO tokens with intrinsic value.
- ShogunDAO token holders decide it’s future via on-chain voting.
- Limited Series Shogun NFT.
- Shogun Game.
- Each month a Shogun holder will be picked to win a trip to Japan.
How staking and bonding work
There are two main ways to benefit from ShogunDAO
1. ShogunDAO Staking
ShogunDAO holders can stake their tokens and earn passive income. The target for the initial early adopters rewards is ~1,500,000% APY.
2. ShogunDAO Bonding
Bonders provide LP tokens in exchange for discounted ShogunDAO tokens after a fixed vesting period.
The main benefit for ShogunDAO stakers comes from supply growth.
The protocol mints new ShogunDAO tokens from the treasury Pool and the majority which are distributed to the stakers.
Therefore, the gain for ShogunDAO stakers will come from their auto-compounding balances, though price volatility remains an important consideration.
That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would benefit.
Meanwhile, the main benefit for bonders comes from price continuous growth.
ShogunDAO users who commit a capital upfront and are promised a fixed return (APY) at a set point in time; that return is given in ShogunDAO tokens, and thus the bonders’ profit would depend on ShogunDAO price when the minted ShogunDAO token matures.
Taking this into consideration, bonders benefit from a rising or static price for the ShogunDAO token.
Progress on dAPP
We launched our dAPP in testnet and all tests are successful.
The dAPP will go live around 2 hours after launch.
Presale website
The presale website is ready and tested.
To avoid botting we will release the website one day before presale.
Security
We decided to take the following actions :
1. Multisig wallet for treasury.
2. Locking the liquidity pool.
3. After launch, we will perform an audit and a KYC using the DAO system to decide which company to use. As you know there is a cost for that and we will use the funds from DEV/Marketing Wallet.
Presale Allocation
Introducing Presale for $SHOGUN the governance token for ShogunDAO.
Our presale will be open for all. Similar to Olympus IDO, the ShogunDAO presale will be the main source to provide initial liquidity and treasury’s initial backing for the ShogunDAO token.
110,000 $SHOGUN tokens will be minted for the event. The initial price of the $SHOGUN token will be 4 MIM/SHOGUN for 440 unique addresses, with each address limited to 250 $SHOGUN ($1000) only. The presale event will last for 24 hours.
If the 110,000 $SHOGUN tokens aren’t bought in the initial phase, the presale will open to the public until the remaining tokens are minted.
This will result in $440,000 MIM in total sales from the presale.
- $225,000 MIM will be paired with a 30K $SHOGUN token on Trader Joe establishing the initial price of $7.5 MIM per $SHOGUN with initial liquidity of 450,000.
- $140,000 MIM will be deposited to the $SHOGUN treasury, securing the value of the protocol.
- $75,000 MIM will be distributed to the team in order to ensure developpement, marketing and others costs.
This will be done within 24 hours after the presale event.
ShogunDAO is going to be 100% transparent with the community.
We will announce the exact time when the initial liquidity will be added, providing total transparency to our community.
Tokenomics
110,000 $SHOGUN will be minted for the presale. Maximum token by wallet will be 250 $SHOGUN (0.227%)
There will be a vesting period for the presalers of 25% a day.
The initial treasury will be established with MIM/SHOGUN Liquidity Pool tokens valued at $450,000 and 140,000$ (MIM) from treasury for a total of $590,000.
The developement team will receive 10,000 locked $SHOGUN tokens with 25% monthly vesting.
For Honor. For the $SHOGUN
(👹, 👹)
Twitter: https://twitter.com/ShogunDAO
Discord: https://discord.gg/shogundao
