Dear Minswap community,
The Cardano Fight Club (CFC) team is pleased to introduce a proposal to set up Mouse Farm for the CFC/ADA pool. We have made notable progress in blockchain technology and NFT development, including creating an NFT training platform, conducting token airdrops, releasing two collections including one with upgradable NFTs, launched a DAO and built strategic partnerships with other Cardano NFT projects.
We believe that the establishment of a Mouse Farm will provide additional value to our CFC/ADA pool and increase engagement across Minswap, the CFC platform and the Cardano NFT ecosystem.
1.1 Please describe your project. What is it doing to improve Cardano?
CFC’s vision is to build a permissionless platform which connects different NFT projects together by providing a layer of gamification.
Our team recently created an NFT Training platform that enables users to level up their NFTs by holding the $CFC token in their wallet. The NFTs can develop RPG-like stats through this process. Our goal is to provide RPG-like NFT experiences not only within the CFC collection but also across the entire Cardano NFT ecosystem.
This platform will provide a central hub for NFT projects to connect and collaborate, and aims to help to increase the visibility and discoverability of NFT projects within the Cardano ecosystem. By fostering a sense of community within Cardano and facilitating the exchange of ideas and resources among NFT projects, we aim to help drive innovation and adoption within the NFT space, and contribute to the growth and development of Cardano.
Currently we have partnerships with a number of Cardano projects, including BCRC where our users can stake their CFC NFTs for Boss Points, Mutant Labs where our users can stake their CFC NFTS for $CFC tokens, Voteaire utilizing their on-chain voting system, and more. We aim to continue to strengthen our relationships with other projects for development and innovation on Cardano.
In addition to connecting NFT projects, by incorporating gamification elements into the platform we can enable enhanced user engagement and motivation. For example, by implementing elements such as rewards systems, leaderboards etc we can help make the process of discovering, exploring, and interacting with NFT projects more fun and rewarding for users. Our goal here is to help strengthen user retention and loyalty, drive increased usage and adoption of the platform, and the Cardano NFT projects it connects.
We wish to connect with different projects that also abide by the principle of decentralization. By partnering with like-minded projects and supporting their efforts we can further contribute to Cardano’s commitment to decentralization.
Finally, we are looking at ways to improve our own information transparency for the CFC RPG stats. Learning from some existing models from the Cardano token registry, we are improving our metadata transparency for off-chain information.
By striving for the decentralized principle we believed in, what better way than to build on Cardano that lives up to the same ethos!
1.2 What does the Token do? How many holders does it currently have?
The $CFC token is an essential part of the CFC ecosystem. It serves as a utility and governance token, and is the driving force behind all CFC products and developments.
One of the primary uses for $CFC is to train NFTs on the CFC training platform. Additionally, it can be used to mint and upgrade NFTs from the legendary fighters collection, as well as use case for staking in the near future.
Furthermore, we are in the planning stages of developing a CFC game. This will give use to the token including things such as in-game purchases and distributing winnings based on player battle outcome etc.
Governance is also an important aspect of $CFC, token holders can have a say in determining the direction of the project’s future through the CFC DAP. With over 1160 $CFC holders, our token is already traded on Minswap and used within the CFC ecosystem.
By acquiring and using $CFC, users will not only be able to participate in using our platform, or staking, but also have a voice in shaping the future of the CFC ecosystem.
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 (Double Farm) If yes, how much?
The introduction of a Mouse Farm for CFC is designed to bring benefits to a wide range of stakeholders. By increasing the liquidity and exposure of the CFC platform, we aim to drive usage and create opportunities for Minswap and other NFT projects on Cardano to be discovered and used by a wider audience. By providing liquidity and enabling more users to use the CFC platform, it will benefit the Cardano community as a whole.
1.4. 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.)
There is a total supply of 100,000,000,000 $CFCI. Our tokenomics are as follows; 9% Airdrop, 55% Staking Rewards, 10% DAO, 8% CFC Point Exchange, 5% Yield/Double Farming, 5% Partnership/Members Rewards, 3% Liquidity, 5% Team.
1.5. Is your Project audited? By whom?
At this time, we have not yet released any on-chain staking smart contract, thus there is nothing to be audited. However, if Minswap wishes to examine our DAO multisig native script, it can be made readily available to them.
Thank you everyone in the Minswap and wider community for taking the time to read our proposal. We are excited about the potential for Cardano and decentralization to shape the future. We believe that by working together, we can build something truly impactful. Your consideration is greatly appreciated.