Proposal for Meta Apes ($PEEL) IFO to be Hosted on PancakeSwap

What is Meta Apes?

Meta Apes is a free-to-play, play-and-earn massively multiplayer online (MMO) strategy game designed for mobile and the first game to launch on the BNB Sidechain with their own dedicated chain, Ape Chain. It is available for download on Apple’s App Store and the Google Play Store – join the growing community of 300,000 players now!

Screenshots of Gameplay (live) and Marketplace (to be released very soon!):

What is $PEEL?

$PEEL is the governance and the native gas token for the Meta Apes ecosystem.

PEEL Token Distribution

If any of the terms are unclear, please ask our friendly community, or look at these articles on vesting.

IFO Sale Details

Sale start time: ~1100 UTC on 4 Aug 2022
Sale end time: ~1200 UTC on 4 Aug 2022
Amount to be raised: $2,000,000 USD in CAKE tokens
Tokens to be sold: 50,000,000 PEEL (5% of PEEL total supply)
Price per token: 1 PEEL = $0.040 USD
Token Vesting Schedule: 30% will be unlocked at Sale end time (~1200 UTC), with the remaining 70% released block-by-block over 90 days.

All CAKE raised from the PEEL 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 ($400,000, 20% 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 $800, calculated based on the expected number of participants to ensure everyone can get a fair share.

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

Public Sale ($1,600,000, 80% 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 PEEL IFO is as follows:

Overflow multiplier

The PEEL and SHELL Syrup Pools:

Stake CAKE tokens to earn PEEL!

Total Tokens: 7,500,000 PEEL
Distribution duration: 60 days
Start time: Shortly after the IFO ends
Finish time: Approx. 60 days after Syrup Pool launch
Token rewards per block: 4.340 PEEL

Stake CAKE tokens to earn SHELL!

Total Tokens: 155,000,000 SHELL
Distribution duration: 60 days
Start time: Shortly after the IFO ends
Finish time: Approx. 60 days after Syrup Pool launch
Token rewards per block: 89.699 SHELL

What’s all this PEEL and SHELL shenanigans?

(meme first debut on our Twitter on 08 Jul 2022)

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 PEEL and SHELL Farms:

In order to host the PEEL Syrup Pool, we will need to provide a PEEL-BUSD farm that will have 2x CAKE rewards for the first 57,600 blocks (approx. 48 hours) and thereafter, 1x CAKE rewards.

In order to host the SHELL Syrup Pool, we will need to provide a SHELL-BUSD farm that will have 0.5x CAKE rewards for the first 57,600 blocks (approx. 48 hours) and thereafter, 0.1x CAKE rewards.

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

Website: https://metaapesgame.com/
Twitter: https://twitter.com/MetaApesGame
Discord: https://discord.gg/metaapesgame
Medium: https://medium.com/@metaapesgame
Bridging Instructions: https://bit.ly/MetaApesBridge
Download Game: iOS and Android.

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

PEEL Official Token Contract Address: https://bscscan.com/token/0x734548a9e43d2D564600b1B2ed5bE9C2b911c6aB

SHELL Official Token Contract Address: https://bscscan.com/token/0x208cfEc94d2BA8B8537da7A9BB361c6baAD77272

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

Audit report here

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.