Proposal for Diviner Protocol (DPT) IFO to be Hosted on PancakeSwap (feat. New IFO 3.0 format)

What is the new IFO 3.0 Format?

Stake, stake, stake! Starting with this IFO, your max CAKE commitment limit for the IFO will be set by your average IFO pool staking balance during the calculation period (approx. 7 days from 14-21 Dec 21). For more details, check out our Medium post to learn more!

What is Diviner Protocol?

Diviner Protocol aims to build up a metaverse “Diviner Harbor City” to offer users a lossless & gamified prediction marketplace by combining the best of DeFi and NFTs.

What is $DPT?

$DPT is the governance token as well as the in-game currency of Diviner Protocol.

$DPT Token Distribution

Following the IFO, approximately 5.1% of the total supply will be circulating in the market.

IFO Sales Details

Sale start time: Approx. 100pm UTC on Tuesday 21st Dec 21
Sale end time: Approx. 130pm UTC on Tuesday 21st Dec 21
Amount to be raised: $600,000 USD in CAKE tokens
Tokens to be sold: 24,000,000 DPT (2.4% of initial DPT total supply)
Price per token: 1 DPT = $0.025 USD

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

Method: Basic Sale and Unlimited Sale (via the Overflow method), with Commitment Limit determined by IFO Credits.

What is the new IFO CAKE Pool?

TLDR: Stake CAKE in the IFO CAKE pool, and get higher IFO allocations!

From 14-21 Dec 21 (IFO CAKE Pool Calculation Period), every CAKE staked in the IFO CAKE Pool counts towards your CAKE Credit Calculation. Stake more CAKE, receive more IFO Credits, and get higher IFO allocations! More details here.

What is the “Overflow” sale method?

TLDR: The more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive any leftover funds when they claim their tokens after the sale.

To participate in the IFO:

Before Sale:

During Sale:

While the sale is live (100pm – 130pm UTC on Tuesday 21st Dec 21), commit your CAKE tokens to buy DPT tokens at pancakeswap.finance/ifo.

After Sale:

When the sale is complete, claim your DPT tokens and your unspent funds will also be sent back to you.

Done!

If you decide to acquire CAKE tokens before the IFO starts, you can stake them here to earn CAKE token rewards while waiting for the sale.

An Explainer: What are the 2 different sale sessions?

Basic Sale ($180,000, which is 30% of Sale allocation)

In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in CAKE tokens.

Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.

Unlimited Sale ($420,000, which is 70% of Sale Allocation)

The “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.

How much is the participation fee?

There is a 1% participation fee which decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.

The fee cliff is as follows:

Overflow multiplier

In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive any leftover funds when they claim their tokens after the sale.

Please note — The final USD price per CAKE token will be set a few minutes before the sale (starting at approx. 100pm UTC on Tuesday 21st Dec 21) and will be broadcasted on all channels.

A Syrup Pool and Farm for Diviner Protocol will also run at the conclusion of the IFO.

The Syrup Pool:

Stake CAKE tokens to earn DPT!

Total Tokens: 8,000,000 DPT
Distribution duration: 60 days
Start time: Shortly after the IFO ends
Finish time: Approx. 60 days after Syrup Pool launch
Token rewards per block: 4.629 DPT

The Farm:

In order to host the DPT Syrup Pool, we will need to provide a DPT-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.

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

Website: https://diviner.finance
Medium: https://medium.com/@Diviner_Protocol
Twitter: https://twitter.com/DivinerProtocol
Announcement: https://t.me/DivinerProtocol_News
Telegram: https://t.me/DivinerProtocolOfficial

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

Official $DPT token contract address on Binance Smart Chain:

https://www.bscscan.com/token/0xE69cAef10A488D7AF31Da46c89154d025546e990

Audit report: https://github.com/Quillhash/Audit_Reports/blob/master/Diviner%20Token%20Smart%20Contract%20Audit%20Report%20-%20QuillAudits.pdf

DPT tokens will not be available for trading before or during the IFO. Any other DPT token will be a scam and will result in a financial loss. Always verify the token address before purchasing tokens. If you receive a DPT token airdrop from another address, it’s probably a scam and we advise you to ignore them.

Disclaimer - All projects are subject to both high market risk and volatility. Please do your own research before investing your funds in any project. Buy with caution. PancakeSwap will not be held responsible for any investment losses.