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Proposal for Kingdom Raids ($KRS) cIFO to be Hosted on PancakeSwap

Voting ended over 3 years agoSucceeded

tl;dr

  • Kingdom Raids is a blockchain-based strategy role-playing game (RPG) game with a NFT metaverse
  • Strategic partners and investors include Animoca Brands, Kingsway Capital and LD Capital
  • Private Sale Allocation increased to 40% and private sale capped at $800
  • BOTH PancakeSquad NFT holders and point holders (≥ 800 points) will get to participate in this cIFO’s private sale

Introducing our 2nd Community IFO

We know you have been waiting and the Chefs have been working hard to dish out more yummy cIFOs! Introducing the 2nd cIFO with some adjusted parameters - let’s get ready for Kingdom Raids!

To recap on cIFO, please read the Medium Article.

Here’s how the new cIFO Card would look like:

How to participate

BOTH PancakeSquad NFT holders and point holders will get to participate in this cIFO’s private sale.

To participate in cIFO, you can either

  • Set PancakeSquad NFT as your Pancake Profile avatar.
  • Have more than 800 points

Do not have enough points to join the private sale? Don’t worry! You can grab your PancakeSquad NFT HERE to gain access to cIFO private sale.

  • Screenshots of Gameplay (to be released very soon!)

KRS Token Distribution

If any of the vesting terms are unclear, please ask our friendly community, or read this article on vesting.

cIFO Sale Details

  • Sale start time: ~1200 UTC on Wed 12 Oct 2022
  • Sale end time: ~1400 UTC on Wed 12 Oct 2022
  • Amount to be raised: $1,050,000 USD in CAKE tokens
  • Tokens to be sold: 30,000,000 KRS (3% of KRS total supply)
  • Price per token: 1 KRS = $0.035 USD
  • Token Vesting Schedule: 20% will be unlocked at Sale end time (~1400 UTC), with the remaining 80% released block-by-block over 3 months.

All CAKE raised from the KRS token sale will be given to the cIFO project. Only CAKE raised from the participation fee will be burnt.

Method: Public Sale and Private Sale (Both conducted via the Overflow method).

What is the “Overflow” sale method?

Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent. More details below in the Overflow Multiplier Table.

To participate in the cIFO:

Refer to the IFO participation guide and iCAKE article.

iCAKE and locked CAKE cannot be used to buy tokens in the cIFO, so you would need a separate amount of CAKE to commit to the cIFO. The iCAKE threshold for this cIFO will be publicised closer to cIFO date.

An Explainer: What are the 2 different sale sessions?

Private Sale ($420,000, 40% of Sale allocation)

For the Private Sale, participants are required to:

  • Own a Pancake Squad NFT, and set them as your Pancake Profile avatar OR have ≥ 800 Points.

For this Private Sale, the maximum amount of funds that can be committed per user is $800.

The final allocation you receive will still be subject to the total amount raised in this session.

Public Sale ($630,000, 60% of Sale Allocation)

As the name suggests, the Public Sale is open to all. However, this comes with a participation fee, which will be fully burned!

The fee cliff for the KRS cIFO is as follows:

Overflow multiplier

The KRS Syrup Pool:

Stake CAKE tokens to earn KRS!

  • Total Tokens: 8,571,429 KRS
  • Distribution duration: 60 days
  • Start time: Shortly after the cIFO ends
  • Finish time: Approx. 60 days after Syrup Pool launch
  • Token rewards per block: 4.960 KRS

Max Stake per Wallet:

100 CAKE for the first 5 days, then unlimited CAKE staking thereafter – the cap will enable everyone to enjoy pool rewards at a high APY.

For the first 5 days, you need an active PancakeSwap Profile in order to stake in the cIFO Syrup Pool. No PancakeSwap Profile requirement thereafter.

The KRS Farm:

We will host a KRS-BUSD farm that will have 1x CAKE rewards for the first 57,600 blocks (approx. 2 days), then 0.5x CAKE rewards after that.

At the end of the 60-day period – approx. 1500 UTC on 11 Dec 2022 – the farm will have its rewards adjusted to 0.1x unless the following metrics is comparable with other 0.5x multiplier farms: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues etc.

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

  • Website: https://kingdomraids.io/
  • Twitter: https://twitter.com/KingdomRaids
  • Discord: https://discord.com/invite/YPUsXyfcfh
  • Telegram: https://t.me/kingdomraidschat
  • Youtube: https://www.youtube.com/c/KingdomRaidsOfficial
  • Medium: https://kingdomraids.medium.com/
  • Verichains Audits: https://bit.ly/3UX8l8p

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

KRS Official Token Contract Address: https://bscscan.com/token/0x37b53894e7429f794B56F22a32E1695567Ee9913

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

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

Off-Chain Vote

✅ Yes, I want to take part in the KRS cIFO!
273.57M CAKEVOTE78.1%
❌ No, I don’t want to take part in the KRS cIFO!
76.61M CAKEVOTE21.9%
Download mobile app to vote

Timeline

Oct 06, 2022Proposal created
Oct 06, 2022Proposal vote started
Oct 07, 2022Proposal vote ended
Oct 26, 2023Proposal updated