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PancakeSwapPancakeSwapby0x842B508681eE336E74600974B4623B709477d29D0x842B…d29D

Proposal for Froyo Games (FROYO) IFO to be Hosted on PancakeSwap

Voting ended about 4 years agoSucceeded

Refresher: The Latest IFO Format

We’ve heard you and made some changes to the latest IFO format! To recap, your maximum CAKE commitment limit for the IFO will be determined by your average IFO pool staking balance during the calculation period (approx. 1 week from 11 – 18 Jan 22).

The key changes this time are:

  • Longer unstaking period of 6h (up from 1h)
  • Longer sales period of 1h (up from 30min)

See below for exact details.

What is Froyo Games?

Froyo Games is a game publisher and decentralized GameFi platform, with a NFT Marketplace that integrates NFTs with their games.

What is FROYO?

FROYO tokens can be used to buy NFTs and participate in Froyo games

FROYO Token Distribution

Following the IFO, approx. 28.95% of the total supply will be circulating in the market.

IFO Sales Details

  • Sale start time: Approx. 1400 UTC on Tue 18 Jan 22
  • Sale end time: Approx. 1500 UTC on Tue 18 Jan 22
  • IFO CAKE Pool Calculation Period: Approx. 1100 UTC on Tue 11 Jan 22 to 0800 UTC on Tue 18 Jan 22
  • Amount to be raised: $4,000,000 USD in CAKE tokens
  • Tokens to be sold: 66,666,668 FROYO (6.67% of initial FROYO total supply)
  • Price per token: 1 FROYO = $0.06 USD All CAKE raised from the FROYO token sale will be given to the IFO project. Only CAKE raised from the participation fee will be burnt.

Method: Basic Sale and Unlimited Sale (Both conducted via the Overflow method), with Commitment Limit determined by IFO Credits

What is the IFO Staking Pool?

TLDR: Stake CAKE in the IFO CAKE Staking pool, and get higher IFO allocations!

From 11 – 18 Jan 22 (IFO CAKE Pool Calculation Period), every CAKE staked in the IFO CAKE Pool counts towards your CAKE Credit Calculation. Stake more CAKE, receive more IFO Credits, and get higher IFO allocations!

What is the “Overflow” sale method?

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will get back any leftover funds when they claim their tokens after the sale.

To participate in the IFO:

Before Sale:

  • Create an active PancakeSwap profile
  • Buy CAKE tokens

During Sale:

While the sale is live (1400 – 1500 UTC on Tue 18 Jan 22), commit your CAKE tokens to buy FROYO tokens at pancakeswap.finance/ifo.

After Sale:

When the sale is complete, claim your FROYO tokens and your unspent funds will also be sent back to you.

Done!

If you decide to get CAKE tokens before the IFO starts, you can stake them here to earn CAKE token rewards while waiting for the sale.

An Explainer: What are the 2 different sale sessions?

Basic Sale ($1,200,000, 30% of Sale allocation)

Want to participate in the IFO and get the most bang for your buck? This is for you.

In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in CAKE tokens.

Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.

Unlimited Sale ($2,800,000, 70% of Sale Allocation)

As the name suggests, the “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.

How much is the participation fee?

The participation fee will start at 1%, which is only applied to your contribution to the “Unlimited” session.

The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.

The fee cliff for the Froyo IFO is as follows:

Overflow multiplier

In the “Unlimited Sale” method, users can subscribe as much they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will get back any leftover funds when they claim their tokens after the sale.

Please note – The final price per CAKE token will be set a few minutes before the sale (starting at approx. 1400 UTC on Tue 18 Jan 22) and will be announced on all channels.

We will be running a Syrup Pool and Farm for FROYO which will start after the IFO.

The Syrup Pool:

Stake CAKE tokens to earn FROYO!

  • Total Tokens: 5,000,000 FROYO
  • Distribution duration: 60 days
  • Start time: Shortly after the IFO ends
  • Finish time: Approx. 60 days after Syrup Pool launch
  • Token rewards per block: 2.893 FROYO

The Farm:

In order to host the FROYO Syrup Pool, we will need to provide a FROYO-BNB farm that will have 2x CAKE rewards for the first 48h and then 1x CAKE rewards after that.

To learn more, visit the project’s official channels:

  • Website: https://froyo.games
  • Medium: https://medium.com/@froyogames
  • Twitter: https://twitter.com/realfroyogames
  • Telegram Announcement: https://t.me/froyogamesann
  • Telegram: https://t.me/froyogames
  • Discord: https://discord.gg/froyogames

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

Official Token Contract Address: https://bscscan.com/token/0xe369fec23380f9F14ffD07a1DC4b7c1a9fdD81c9

FROYO tokens will not be available for trading before or during the IFO. Any other FROYO token will be a scam and will result in a financial loss. Always verify the token address before buying tokens. If you receive a FROYO token airdrop from another address, it’s probably a scam and we advise you to ignore it.

Find completed audit here

Disclaimer - All projects are subject to high market risk and volatility. Please research before investing your funds. Buy with caution. PancakeSwap will not be held responsible for any investment losses.

Off-Chain Vote

✅ Yes, I want to take part in the FROYO IFO!
15.18M 98.7%
❌ No, I don’t want to take part in the FROYO IFO!
203.51K 1.3%
Download mobile app to vote

Timeline

Jan 10, 2022Proposal created
Jan 10, 2022Proposal vote started
Jan 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated