Introducing CropperFinance: A place conceived, designed and developed for farmers.
We have been delighted to see the community’s interest in CropperFinance so far. In this article, you will find more details about the project and its tokenomics.
CropperFinance is an automated market maker (AMM) built on the Solana blockchain, which utilizes its low-cost and high-speed transactions. Solana is based on Proof of History (PoH), a technology that can handle 65,000 transactions per second with 400 millisecond block times. CropperFinance’s AMM will leverage Serum, a decentralized exchange (DEX) with an on-chain orderbooks.
Our platform aims to democratize yield farming and make it accessible to all SPL projects. Its turnkey solution will enable SPL builders to launch liquidity pools to reward their holders without requiring special permissions. We aim to build a user-friendly platform for both token holders and Solana projects in order to make yield farming accessible to all, even newbies.
Token information
Type: SPL Token on Solana
Ticker: CRP
Total supply: 500,000,000 CRP
Initial circulating supply: 16,500,000 CRP
Token distribution
Community & Ecosystem
· 59% : 295,000,000 $CRP
· .Unlocked through LP rewards, with a weekly emission reduction of -2%
Teams & Advisors
· 21% : 105,000,000 $CRP
· Team’s token are locked for the first 6 months after the TGE, then every month 2.1% of the team’s token are unlocked over the course of 4 years.
Treasury
· 10% : 50,000,000 $CRP
Liquidity
· 2% : 10,000,000 $CRP
· Fully unlocked at TGE
Raising supply
· 7,2% : 36,000,000 $CRP
Airdrop
· 0,8% : 4,000,000 $CRP
· 12,5% of airdrop supply will be distributed at TGE
Both our seed and private sale rounds will be distributed to many different participants. By distributing our seed, private and public sales, we are performing the most fair token distribution possible with no single entity holding large quantities of the supply on launch.
For token vesting, we will use Bonfida’s vesting contracts to lock tokens ahead of the public sale. For the sake of transparency, all addresses and vesting seeds will be published here.
The $CRP Token
$CRP is the native token of CropperFinance. Holders will be able to deposit $CRP into liquidity pools (LP), as well as launch their own LP to enable their tokens to be farmed.
·Rewards $CRP holders
·Introduce new LPs on CropperFinance
CRP Yield Farming
A part of the community/ecosystem fund will be allocated to farming rewards with a weekly emission reduction of -2% over 110 weeks in an unlocked CRP-USDC pool.
To motivate $CRP holders to take their coins off the market and reduce sell pressure, CropperFinance intends to launch lockup LP pools where tokens will be locked for a specified amount of time. These pools will have a higher emissions rate than the unlocked LP.
Fees
For all the LPs working on our platform, CropperFinance will charge fees for harvesting (0.1 %). CropperFinance will also charge fees for the creation of new LPs (the amount has not yet been determined).
Buy Back of $CRP
The fees on CropperFinance will be used in the following ways:
·50% will go to $CRP farmers
·10% will go to the treasury
·40% will be burned until the max supply will reach 100,000,000 $CRP.
Once the hard cap reaches 100,000,000 $CRP, 80% of the fees will go to $CRP farmers and 20% to the treasury fund.
Disclaimer: information provided in this article may slightly evolve over the course of time.
Community
We are hoping to grow a thriving community. Subscribe to our Twitter and join our Discord for more updates, and information about CropperFinance and its future roadmap for DeFi applications.
Telegram: https://t.me/CropperFinance
GitBook: https://cropper-finance.gitbook.io/cropperfinance/
Discord: discord.gg/Rz4Tcuw3
Twitter: https://twitter.com/CropperFinance
