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.
Ever growing treasury assets value
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)
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