Proposal for ESPL Arena ($ARENA) IFO to be Hosted on PancakeSwap

tl;dr

• ESPL Arena is a Global Esports Tournament Platform
• Strategic partners and investors include Genting Ventures, Warner Music, Infinity Ventures Crypto and Arcanum Capital
• A lovely 120-day ESPL Arena Syrup Pool for the PancakeSwap community!

What is ESPL Arena?

The Esports Players League (ESPL) Arena is a platform that hosts global Esports tournaments and coordinates different aspects such as setting of tournament parameters, score-keeping, prize pool payouts via crypto and more.

ESPL Arena aims to be a one-stop shop for aspiring gamers, guilds and game publishers, and is one of the fastest growing Esports tournament platforms in the Southeast Asia region.

Since 2019, they have hosted over 700 tournaments and reached out to over 33 million users through integrating blockchain technology and Web3 infrastructure.

Screenshots mainnet (live now!):

Desktop version: wallet

Desktop version: tournament list

What is $ARENA?

From the team: “ARENA is a multi-chain utility token that allows token holders to enjoy premium offerings on the ESPL Arena platform. Token holders can launch their own tournaments with ARENA prize pool and gain exclusive access to limited edition NFT blind boxes. ARENA can also be used as advertising expenses by guilds, game publishers and brand advertisers.”

$ARENA Token Distribution

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

Please also note that,

IFO Sale Details

• Sale start time: ~1200 UTC on Mon 16 Jan 2023
• Sale end time: ~1400 UTC on Mon 16 Jan 2023
• Amount to be raised: $1,400,000 USD in CAKE tokens
• Tokens to be sold: 35,000,000 ARENA (3.5% of ARENA total supply)
• Price per token: 1 ARENA = $0.04 USD
• Token Vesting Schedule: 33% will be unlocked at Sale end time (~1400 UTC), with the remaining 67% released block-by-block over 60 days

All CAKE raised from the ARENA token sale will be given to the IFO 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 IFO:

Refer to the IFO participation guide and iCAKE article.

iCAKE and locked CAKE cannot be used to buy tokens in the IFO, so you would need a separate amount of CAKE to commit to the IFO.

An Explainer: What are the 2 different sale sessions?

Private Sale ($350,000, 25% of Sale allocation)

For the Private Sale, participants are required to own a Pancake Squad NFT, and set them as your Pancake Profile avatar.

For this Private Sale, the maximum amount of funds that can be committed per user is $1000.

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

Public Sale ($1,050,000, 75% 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! Participants are also required to stake their CAKE in the fixed term locked staking Syrup Pool.

The fee cliff for the ARENA IFO is as follows:

Overflow multiplier

The $ARENA Syrup Pool:

Stake CAKE tokens to earn ARENA!

• Total Tokens for Syrup Pool: 10,000,000 ARENA
• Distribution duration: 120 days (New year, new IFOs, new pools! 🍯)
• Start time: Shortly after the IFO ends
• Finish time: Approx. 120 days after Syrup Pool launch
• Token rewards per block: 2.893 ARENA

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 IFO Syrup Pool. No PancakeSwap Profile requirement thereafter.

The $ARENA Farm:

We will host a ARENA-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 16 May 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://espl.co/
• Twitter: https://twitter.com/ESPL_GLOBAL
• Facebook: https://www.facebook.com/gaming/OfficialESPL
• Instagram: https://www.instagram.com/espl.official
• Discord: https://discord.gg/zyZ5Syv2gB
• TikTok https://www.tiktok.com/@espl_official
• Telegram https://t.me/esplarena
• Telegram Announcement https://t.me/esplarena_ann
• Audits: [Beosin audit] https://espl.gitbook.io/espl-arena-litepaper/audits

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

ARENA Official Token Contract Address: https://bscscan.com/address/0xCfFD4D3B517b77BE32C76DA768634dE6C738889B

🚨PLEASE NOTE: ARENA tokens will not be available for trading before or during the IFO!🚨

Any other ARENA token will be a scam and will result in a financial loss. Always verify the token address before buying tokens. If you receive an ARENA 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.