Hi everyone! AF, the founder of DEADPXLZ here, bringing this proposal to your attention.
After a stellar community-driven fund raising initiative, we managed to bring the DING/ADA LP on Minswap to 1.6M ADA TVL. As such, part of the projects goal is to incentivise the community by converting the DING/ADA liquidity pool to a triple MIN-ADA-DING farm.
Please describe your project. What is it doing to improve Cardano?
DEADPXLZ is the first interactive NFT collection on the Cardano blockchain. It started out in March 2021.
The project is currently developing a crypto gaming platform called PXL Wars built around a novel Play to Earn model with the goal of not only rewarding those who are good at the game but also rewarding the holders of the Genesis PXLZ collection.
The roadmap (Project Milestones - DEADPXLZ) aims to bring utility to the CNFT space beyond the level of art by leveraging Cardano’s blockchain capabilities such as creating NFT based accounts meant to provide complete ownership over a user’s game account.
In addition, community engagement has been the project’s priority from day one, enabling holders to benefit from an organic ecosystem that is focused on user experience and growth by combining utility and governance.
What does $DING do?
$DING is the utility & governance token of the DEADPXLZ ecosystem.
The total supply of $DING is fixed at 1,000,000,000 tokens which have already been minted by using a locked policy script.
The $DING token will be used within the in-game economy and as well as engage the community into several distribution programmes meant to achieve the project milestones such as:
Players will also be able to use $DING to purchase different in-game items or participate in the governance of the DEADPXLZ project.
How many holders does it currently have?
+/- 1,300 Holders at the time of writing, numbers may change due to current depth of the pool allowing more people to trade in.
Why do you want a MIN Farm? How does the Minswap community benefit from offering a MIN Farm for your Token?
Many DEADPXLZ community members are also part of the Minswap community and thus creating a MIN Farm will further incentivise both parties to benefit by earning rewards in DING, MIN & ADA.
Apart from the MIN Farm, will you add your own Token as incentives as well If yes, how much?
The ADA/DING pool currently holds >1.6M $ADA TVL for which we would like to allocate an amount of $DING to enable farming. The actual number is yet TBD. but we are aiming for a 40% APR.
How much circulating supply is there of your token? Please inform us briefly on your tokenomics, including the distribution and vesting schedule of the token (investors, team, yield farming, etc.)
You can check the current $DING circulating supply as well as other live metrics by going to https://getding.gg/live/
Total supply is fixed at 1,000,000,000 $DING, as follows:
- PXL Staking Program : 68,209,881 $DING
- Community DAO Treasury: 6,790,119 + Unclaimed PXL Staking $DING
- Project Treasury: 600,000,000 $DING
- Ecosystem Fund: 200,000,000 $DING
- Team & Advisors: 100,000,000 $DING
Is your Project audited? By whom?
Should the DING/ADA pool on Minswap become a tripe yield farming pool?