Closed

Core

Proposal for Superpower Squad ($SQUAD) cIFO to be Hosted on PancakeSwap

tl;dr

Superpower Squad is a super-hero themed Web3 Shooter game whose strategic partners and investors include Ankr and KuCoin
A 120-day Superpower Squad Syrup Pool (👀) for the PancakeSwap Community
Private Sale Allocation at 40% and private sale capped at $1,000
BOTH PancakeSquad NFT holders and point holders (≥ 900 points) will get to participate in this cIFO’s private sale

Another freshly cooked cIFO!

As the holiday season approaches, the Chefs have been working hard to dish out more delicious cIFOs! Introducing this season’s cIFO – let’s get ready for Superpower Squad!

To recap on cIFO, please read the Medium Article.

How to participate

BOTH PancakeSquad NFT holders and point holders will get to participate in this cIFO’s private sale.

To participate in cIFO, you can either

Set PancakeSquad NFT as your Pancake Profile avatar

Have ≥ 900 points

Do not have enough points to join the private sale? Don’t worry! You can grab your PancakeSquad NFT HERE to gain access to cIFO private sale.

What is Superpower Squad?

Superpower Squad a super-hero themed mobile shooter with 6 game play modes. It has undergone 3 years of game development from an established gaming studio with the help of crypto native partners. The game is free to play and users can play to earn and is available from Apple’s App Store and Google’s Play Store, with around 100K downloads. Key strategic partners and investors include KuCoin and Ankr.

Screenshots of Gameplay (Live NOW on App Store & Google Play!)

What is $SQUAD?

From the team: “The use cases of SQUAD are as follows:

SuperDAO (Stake SQUAD into DAO pool and earn revenue）
In-game purchases (NFTs, upgrades, name change, clan formation and more)”

SQUAD Token Distribution

If any of the vesting terms are unclear, please ask our friendly community, or read this article on vesting.

cIFO Sale Details

Sale start time: ~1200 UTC on Thur 15 Dec 2022
Sale end time: ~1400 UTC on Thur 15 Dec 2022
Amount to be raised: $875,000 USD in CAKE tokens
Tokens to be sold: 25,000,000 SQUAD (2.5% of SQUAD total supply)
Price per token: 1 SQUAD = $0.035 USD
Token Vesting Schedule: 20% will be unlocked at Sale end time (~1400 UTC), with the remaining 80% released block-by-block over 90 days.

All CAKE raised from the SQUAD token sale will be given to the cIFO project. Only CAKE raised from the participation fee will be burnt.

Method: Public Sale and Private Sale (Both conducted via the Overflow method).

What is the “Overflow” sale method?

Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent. More details below in the Overflow Multiplier Table.

To participate in the cIFO:

Refer to the IFO participation guide and iCAKE article.

iCAKE and locked CAKE cannot be used to buy tokens in the cIFO, so you would need a separate amount of CAKE to commit to the cIFO. The iCAKE threshold for this cIFO will be publicised closer to cIFO date.

An Explainer: What are the 2 different sale sessions?

Private Sale ($350,000, 40% of Sale allocation)

For the Private Sale, participants are required to:

Own a Pancake Squad NFT, and set them as your Pancake Profile avatar OR have ≥ 900 Points.

For this Private Sale, the maximum amount of funds that can be committed per user is $1,000.

The final allocation you receive will still be subject to the total amount raised in this session.

Public Sale ($525,000, 60% of Sale Allocation)

As the name suggests, the Public Sale is open to all. However, this comes with a participation fee, which will be fully burned!

The fee cliff for the SQUAD cIFO is as follows:

Overflow multiplier

The SQUAD Syrup Pool:

Stake CAKE tokens to earn SQUAD!

Total Tokens: 8,500,000 SQUAD
Distribution duration: 120 days
Start time: Shortly after the cIFO ends
Finish time: Approx. 120 days after Syrup Pool launch
Token rewards per block: 2.459 SQUAD

Max Stake per Wallet:

100 CAKE for the first 5 days, then unlimited CAKE staking thereafter – the cap will enable everyone to enjoy pool rewards at a high APY.

For the first 5 days, you need an active PancakeSwap Profile in order to stake in the cIFO Syrup Pool. No PancakeSwap Profile requirement thereafter.

The SQUAD Farm:

We will host a SQUAD-CAKE farm that will have 0.5x CAKE rewards for the first 57,600 blocks (approx. 2 days), 0.2x CAKE rewards for the subsequent 806,400 blocks (approx. 28 days) and thereafter, 0.1x CAKE rewards.

During and at the end of the 120-day period – approx. 1200 UTC on 14 Apr 2023 – the farm will have its rewards adjusted to 0x unless the following metrics is comparable with other 0.1x multiplier farms: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues etc.

To learn more, visit the project’s official channels:

Website: https://ssquad.games/
Twitter: https://twitter.com/Superpow_Squad
Discord: https://discord.com/invite/superpowersquad
Telegram: https://t.me/Superpower_Squad
Youtube: https://www.youtube.com/c/SuperpowerSquadGame-Official
Certik Audits: https://docs.ssquad.games/audit
Download Game: iOS and Android

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

SQUAD Official Token Contract Address: https://bscscan.com/token/0x724A32dFFF9769A0a0e1F0515c0012d1fB14c3bd

SQUAD tokens will not be available for trading before or during the cIFO. Any other SQUAD token will be a scam and will result in a financial loss. Always verify the token address before buying tokens. If you receive a SQUAD token airdrop from another address, it’s probably a scam.

Disclaimer - All projects are subject to high market risk and volatility. Please do your own research and buy with caution. PancakeSwap will not be held responsible for any investment losses.