This proposal uses the proposed template for request: We want to open a MIN Farm!
1.1 Please describe your project. What is it doing to improve Cardano?
$PEPEBLUE. The most memeable memecoin on Cardano in existence. Pepe Blue is an exciting memecoin built on the Cardano blockchain, taking its inspiration from the universally popular and iconic Pepe the Frog meme. The core principle behind Pepe Blue is the belief that the future of cryptocurrencies lies in the fusion of technology and the cultural impact of memes. With the rallying cry “Pepe on Cardano is BLUE,” Pepe Blue aims to create a unique and engaging community. Also, memecoins are a great way to onboard new members on Cardano and assist DEXes by having their trading volume increased.
1.2 What does the Token do? How many holders does it currently have?
At the time of creating this proposal, the amount of PEPEBLUE holders is currently 1,427.
1.3. Why do you want a MIN Farm? How does the Minswap community benefit from offering a MIN Farm for your Token? Apart from the MIN Farm, will you add your own Token as incentives as well? If yes, how much?
The main reason of starting a Triple Farm on Minswap is to incentivize our community in order to provide substantial liquidity for the native PEPEBLUE token. PEPEBLUE has been doing regularly ~1M trading volume every day. We will do this by providing rewards in the form of PEPEBLUE which will be in addition to the normal MIN farm (MIN + ADA) to any user participating during the duration set.
We will be distributing 12,620,700,000,000 PEPEBLUE to the PEPEBLUE/ADA farm. The incentives are to be distributed over 12 months.
1.4. How much circulating supply is there of your token? Please inform us briefly of your tokenomics, including the distribution and vesting schedule of the token (investors, team, yield farming, etc.)
PEPEBLUE has a total token supply of 420,690,000,000,000 with a current circulating supply of 370,207,200,000,000 (~88%). This includes the supply allocated to these farm incentives and the pooled PEPEBLUE.
A brief on the tokenomics can be found below:
45% - Presale
35% - Initial Liquidity
10% - Farming / Features (Arcade) / Events
5% - Airdrops for contests, memes, community events etc.
5% - Ant Worker holders
1.5. Is your Project audited? By whom?
No security audit was created for PEPEBLUE.
***Do you agree PEPEBLUE should have a MIN farm?