Whitepaper

Version 0.3

Tokenomics

This whitepaper is still a draft

  • Transfer Taxes
    • Without Referral
      • 5% Burn Tax
    • With Referral
      • 1% Burn Tax
      • 2% Referral Tax
  • Buying Token
    • Via Contract
      • Fixed 1:1 DRIP exchange rate
    • Via Pancakeswap
      • Dynamic exchange rate with BNB Liquidity
  • Selling Token
    • Via Contract
      • Fixed 1:1 DRIP exchange rate
      • 24 hour sale limit equal to Vote Power
      • up to 35% of sale amount is deducted from Vote Power
    • Via Pancakeswap
      • Dynamic exchange rate with BNB liquidity
  • Vote Power
    • Exchange Earendel Tokens for Vote Power
    • Cast Votes on proposals
    • Spend Vote Power to create proposals
  • Mushroom
    • Exchange Earendel for Mushrooms
    • Plant or Sell collected Spores
    • Exchange Spores for NFTCG credits*
    • Referral
      • Receive 2% from transfer fees
      • Receive Vote Power from deposits
    *In development

    Incomplete

  • Ownership Staking
    • Stake Earendel & receive Blue Chip tokens from the Earendel Vault
  • Liquidity Staking
    • Stake Earendel / Drip LP & receive Earendel
      • 0% Deposit Fee
      • 1% Withdrawal Fee (Burnt)
    • Stake Earendel / BNB LP & receive Earendel
      • 0% Deposit Fee
      • 1% Withdrawal Fee (Burnt)
  • Blue Chip Staking
    • Earendel has two types of Blue Chip staking, these are Bear mode and Bull mode
    • Stakes will only be paid out of the mode is active, if the mode is not active the stake will not generate yield
    • The Earendel community will vote each week to set the staking mode for the following week
    • In Bear mode, the contract will swap Blue Chip tokens with Stablecoin & periodically check for an optimal time to buy back the Blue Chip token.
    • In Bull mode, the contract will swap Stablecoin with Blue Chip tokens & periodically check for an optimal time to sell back the Blue Chip tokens
    • The contract will accept a loss and swap back the tokens when there is a 1% loss from the highest value since the block number that the initial trade occured at, or when the user decides to withdraw their stake.
    • The profited tokens and remainder of the fees will be sent to the Earendel Vault
  • Bear Mode Stakes
    • Stake WBNB & receive Earendel
      • 0% Deposit Fee
      • 5% Withdrawal Fee
    • Stake BTC & receive Earendel
      • 0% Deposit Fee
      • 5% Withdrawal Fee
    • Stake ETH & receive Earendel
      • 0% Deposit Fee
      • 5% Withdrawal Fee
    • Stake DRIP & receive Earendel
      • 0% Deposit Fee
      • 5% Withdrawal Fee
    • Stake CAKE & receive Earendel
      • 0% Deposit Fee
      • 5% Withdrawal Fee
  • Bull Mode Stakes
    • Stake BSC-USD & receive Earendel
      • 0% Deposit Fee
      • 6% Withdrawl Fee
    • Stake USDC & receive Earendel
      • 0% Deposit Fee
      • 6% Withdrawl Fee
    • Stake USDT & receive Earendel
      • 0% Deposit Fee
      • 6% Withdrawl Fee
  • Earendel Vault
    • The contract will receive WBNB, BTC, ETH, DRIP, CAKE, BSC-USD, USDC, USDT fee's and profits.
    • 50% of the fees & profits collected will be rewarded to Earnedel Ownership stakers at 1% per day
    • The remaining 50% of fees & profilts will be swapped for DRIP and sent to the Earendel Token contract
  • NFTCG - Non-Fungible Trading Card Game
    • Fantasy World
    • Unique Characters
    • Regions, Cities, Landmarks
    • Magical Elements
    • Major and Minor Religions