I wish to propose to set up a Mouse Farm for the RAG/ADA pool. RAG (RaggieCoin) is the native token of the CryptoRaggies NFT project. As a project we are strong in creating value and utility for our community. We are the first NFT project on Cardano with a wallet-connected, NFT-powered game that has been fully playable with active play-to-earn mechanics since October 2021.
Our community has organically grown over time, and we have established a stable pool on Minswap for our native token $RAG with a current TVL of 17k ADA. We are hoping to further boost and strengthen this pool with a Mouse Farm and attract more members from our community and beyond to start adding to this liquidity pool.
For a quick summary of our tokenomics, please visit CryptoRaggies | RaggieCoin
Basically, RAG has a fixed supply of 100m. Of these, 65% (65m RAG) is destined to be supplied to DEX liquidity. We have already supplied 40m to SundaeSwap when the DEX first launched, and then 10m to Minswap later on. Based on this, we still have a budget of 15m RAG left over for DEX liquidity, part of which can be added on to our Minswap pool if a Mouse Farm can be established.
We also have 20m RAG put aside in our NFT staking protocol rewarding our early supporters. This has resulted in a large portion of the circulating supply of RAG in the hands of our core community who have been with us since the beginning and are truly passionate about the project.
Outside of these allocations, the remaining RAG is kept in various developer wallets, gradually releasing to the community via many mechanisms including our play-to-earn game, airdrops for VIP members, and ad-hoc community contests and events.
RAG is a community utility token at the outset. Its current utility is in the purchase of in-game items, special edition NFTs, and occasionally to buy CryptoRaggies main collection NFTs. We believe that we have built a sustainable ecosystem to create value and utility for RAG and our community and a strong liquidity pool is the missing piece to make our ecosystem complete, which I believe a Mouse Farm will be able to help greatly.
If we are successful in obtaining a Mouse Farm, we are prepared to launch a Liquidity Provider NFT airdrop event to encourage more from our community to supply to the RAG/ADA farm on Minswap. We have conducted a similar event very successfully after the establishment of our pool over at SundaeSwap, and with a larger and stronger community now, and with more liquidity in the hands of our community after the last few months of NFT staking, I believe we can encourage the growth of this liquidity pool significantly with both the initiation of the Mouse Farm with double token farming benefit, coupled with a special edition Minswap-inspired Raggie NFT for liquidity providers.
For more information on our project, please visit our main website at https://cryptoraggies.io/
We have a timeline summary of all that we have done at CryptoRaggies | Vision and Values
Our Twitter account is https://twitter.com/CryptoRaggies
Our Discord server is CryptoRaggies CNFT
There are specific channels in our Discord server with further information on RAG and the ecosystem that it supports - namely #raggiecoins, #raggiestore, #raggieshrine, #raggie-rehoming-centre
We have also created RaggiePurrse, our own cross-platform, mobile-centric light wallet to facilitate the participation in our ecosystem - RaggiePurrse - The CryptoRaggies Cross-Platform Wallet (more information on Discord channel #raggiepurrse)