What is Duelist King?

Powered by an in-house Decentralized Autonomous Organization (DAO), Oracle and Random Number Generator, Duelist King is the first generational NFT card game that aims to transform the way people play, participate and earn in card games through top-notch game play, asset designs and advocacy for the sustainable future of Win2Earn.

The following are some examples of work that are already in progress by the Duelist King team at the time of writing:

• Playable demo of the game as the first of its kind advocating for the Win2Earn narrative, by which game economics center around rewards and earnings for gamers based on their engagement in the game through quests, missions, battles and tournaments. Game teaser can be seen here.
• Development of in-house infrastructure Development of in-house infrastructure including the DAO, Oracle and Random Number Generator, Duelist King is built on BSC and Cardano and supported by Fantom, Polygon and Cronos (powered by crypto.com) to provide a cross-chain supporting platform for NFTs and later Duelist King tokens.
• Initial NFT Offerings of 250,000 NFTs sold out in less than 45 minutes on September 15th 2021. Duelist King aims to distribute 10,000 unique designs in 1 billion cards in the next 2 years.
• Upcoming roadmap: Player vs. Environment game version will be ready by early Q1 2022 followed by Player vs. Player and multi-play feature by Q2 2022, by then Duelist King will be able to host tournaments for the community.

What is $DKT?

$DKT is the native token of the Duelist King platform. 10 million DKT (Duelist King Token) will be issued and token holders will have rights for governance voting. Token holders of DKT are able to participate in DAO governance by locking their tokens to gain voting power.

Furthermore, the tokens come with various forms of utility including life-time discount to mystery boxes, staking to mint rare NFTs, and cash-out rewards in the game.

Gamers can use DKT to convert to in-game points or use DKT to buy cards later in the roadmap (tentatively from Q2 2022).

$DKT Token Distribution

The total supply of DKT tokens is 10,000,000. Details:

Following the IFO, approximately 9.15% of the total supply will be circulating in the market.

To learn more about Duelist King, click https://duelistking.com/

IFO Sale Details

Sale start time: Approx. 10am UTC on Wednesday 27th October 2021

Sale end time: Approx. 11am UTC on Wednesday 27th October 2021

Amount to be raised: $437,500 USD in CAKE-BNB LP tokens

Tokens to be sold: 250,000 DKT (2.5% of initial DKT total supply)

Price per token: 1 DKT = $1.75 USD

CAKE to be burnt from sale: $218,750 USD

Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the Overflow method)

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 or as little 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 receive back any leftover funds when they claim their tokens after the sale.

To participate in the IFO:

Before Sale:

1. Create an active PancakeSwap profile
2. Buy CAKE and BNB tokens
3. Get CAKE-BNB LP tokens by adding CAKE and BNB liquidity

During Sale:

1. While the sale is live (10am — 11am UTC on Wednesday 27th October 2021), commit your CAKE-LP tokens to buy DKT tokens at pancakeswap.finance/ifo

After Sale:

1. When the sale is complete, claim your DKT tokens and your unspent funds will also be sent back to you.
2. Done! In the case of an overflow you can unstake your remaining CAKE-BNB LP tokens.

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

Please note — while you are holding CAKE-BNB LP tokens you will be at risk of Impermanent Loss.

An Explainer: What are the 2 different sale sessions?

Basic Sale ($131,250, which is 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-BNB LP tokens.

The number of tokens available in this format will typically represent around 30% of the total sale.

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 ($306,250, which is 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.

The number of tokens available in this format will typically account for 70% of the total sale.

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 Duelist King IFO is as follows:

Overflow Multiplier

In the “Unlimited Sale” method, users can subscribe as much or as little 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 receive back any leftover funds when they claim their tokens after the sale.

Please note — The final USD price per CAKE-BNB LP token will be set a few minutes before the sale (starting at approx. 10am UTC on Wednesday 27th of October 2021) and will be broadcasted on all channels.

While a few things may be subject to initial change, two things are sure:

1. You will need CAKE-BNB LP tokens to participate.
2. If the full $437,500 USD allocation is raised, then at least $218,750 USD of CAKE tokens will be burned forever.

We will also be running a Syrup Pool and Farm for Duelist King which will commence at the conclusion of the IFO.

The Syrup Pool:

Stake CAKE tokens, to earn DKT!

Total Tokens: 170,000 DKT

Distribution duration: 60 days

Start time: Approx. 1130am UTC on October 27th

Finish time: Approx. 1130am UTC on December 26th

Token rewards per block: 0.09838 DKT

The Farm:

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

Project Details

Project: Duelist King (DKT)

Website: https://duelistking.com/

Initial Circulating Supply (Day of sale): 9.15% DKT from initial supply of 10,000,000 DKT

Token Contract Address: To be provided by the project team closer to the IFO date.

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

Completed Audits: To be provided by the project team closer to the IFO date.

Twitter: https://twitter.com/duelistkingnft

Telegram (EN): https://t.me/DuelistKingNFT

Blog: https://medium.com/duelist-king

Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. PancakeSwap will not be held responsible for any investment losses.