Dragon Cult - Inspired by Olympus & Safemoon

Denden_Biebie · 11 March 2023 13:08

dragoncult_logo_round
Dragon Cult XYZ v1.0
Inspired by Olympus & Safemoon.
Dragon Cult is building XYZ, a wrapped treasury token soft pegged to stable coin with growth mechanism to counter inflation.

Goal
Ever growing treasury assets value

When launch?
Alpha testing start 10 March 2023

What to do as ordinary user?
Buy and hold XYZ in your wallet, the value will grow alongside cult treasury

How to join the cult?

Stake 1000 CFX to mint Dragon Cult Membership NFT. Receive back 1000 CFX when you leave the cult.
Offset inflation by actively claim free XYZ token. Amount token limited to (currently 7%) of circulating supply.
Access to member only-treasury swap to trade XYZ without worry about lack of liquidity.
Access to member only-vault to stake Swappi XYZ-USDT LP for high APY
Participate on incoming voting to decide future parameters and utility

Inflation rate of XYZ token
Up to 14% token will be minted annually. Current distribution are:

7% to Dragon Cult Membership NFT holder for free claim (10% in alpha test)
7% to Swappi XYZ-USDT LP vault staker (20% in alpha test)

Growth Mechanism
To increase XYZ price, smart contract will be run to execute functions below:

all interest from cult member CFX staking used to buy XYZ in Swappi
Bought XYZ will be burned, automatically increase treasury value
3% trade fee in cult-only swap automatically added to treasury
all profit from arbitrage opportunity between cult-only- swap and Swappi

Contact:
Telegram group:
https://t.me/+MU4GmROPdCpjOWM1
Twitter:
https://twitter.com/dragoncultxyz

Denden_Biebie · 2 March 2023 05:26

Denden_Biebie · 10 March 2023 05:56

Alpha testing start 10 March 2023.

Denden_Biebie · 10 March 2023 05:50

Alpha Testing start Now!

Requirement

conflux espace user
have experience to trade using swappi
have experience to provide liquidity in swappi

Risk

smart contract still not audited
stake 1000 cfx to mint cult nft
burn nft to unstake 1000 cfx back
burn/unstake take 14/2 days

Reward

first users
access to cult only swap & vault
only maximum 100 nft can be minted (on current phase)
daily claim 10% (instead of 7%) annualy
staking lp 20% (instead of 7%) annualy

Bug report to: [email protected]

Denden_Biebie · 11 March 2023 12:37

we split the landing page & dashboard. dashboard can be accessed via landing page

landing page at: https://dragoncult.xyz

dashboard at: https://dragoncultxyz.github.io

Denden_Biebie · 15 March 2023 06:35

Read Dragon Cult Lite Paper

github.com

dragoncultxyz/dragoncultxyz.github.io/blob/master/README.md

# Dragon Cult $XYZ Lite Paper
Dragon Cult is building $XYZ. Treasury wrapped token inspired by olympus and safemoon.
Visit:
https://dragoncult.xyz to explore.

## How It Work
![diagram](https://user-images.githubusercontent.com/127600210/225184015-96e75e9e-2230-4f88-9205-6f640c7001cc.png)

## Total Supply of XYZ Token
XYZ token is mintable and burnable ERC20 token. It can be minted only by treasury contract, but can be burned by the owner. 
The supply set by formula: 
```
supply = usdt / price
``` 
which *usdt* is liquidity in treasury and *price* is price in cult swap.
By the same formula: *price = usdt / supply* this mean price will increase if *usdt* increase or *supply* decrease.

## Distribution of XYZ Token

![meta-chart](https://user-images.githubusercontent.com/127600210/225186230-7cdcc358-08b0-469a-a685-c08f6491dd56.png)

This file has been truncated. show original

bigger · 20 March 2023 02:11

Im the frist one?

Denden_Biebie · 23 March 2023 23:29

What is good strategy to optimize your investment of 1000 USDT and 1000 CFX? Dragon cult may become the answer.

https://twitter.com/dragoncultxyz/status/1638781604477943810

Steps:

Go to dragoncult and stake 1000 CFX to mint membership NFT. Burn the NFT later to retrieve 1000 CFX back.
Having membership NFT you got access to cult swap. Lock 500 USDT for some amount XYZ.
Use remaining USDT and all XYZ to get XYZ-USDT LP token from swappi
Stake those LP token in cult LP Vault for >200% APY
Claim cult daily reward and vault reward in XYZ
Sell half XYZ for USDT and repeat the step start from 3.

Estimated Results:

On XYZ price appreciate, got return > 200% APY
On XYZ price depreciate or stable, got return 0-200% APY

Warning:

Not financial advice
DYOR

Denden_Biebie · 29 March 2023 23:40

Dragon cult on progress to transfer the control to its members (nft holders). The first, is to identify each other, so later we can discuss and decide the future. Visit https://dragoncult.xyz and set your avatar/image/profile/photo to your NFT. Recommended for 512x512 image and use twitter or telegram avatar.