Introducing the BnanaCommunity (BNN) Crowdpooling on DODO Ethereum on 15st August 2022

Hello CommandDODOs,

BnanaCommunity (BNN) will start a Crowdpooling campaign on DODO Ethereum on 15st August 2022, at 00:00 AM UTC+8 (Singapore Time). The proceeds will be used to create a liquidity pool for BNN after the Crowdpooling and users will be able to trade BNN with arbitrary ERC-20 tokens on DODO.

Crowdpooling on DODO is an equal opportunity way to distribute tokens and establish liquidity markets. The project team provides its project/governance tokens, and sets the token price and the amount of tokens to be issued. Anyone can subscribe to purchase the tokens during the campaign period.

If the overall subscription amount by participants is higher than the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool at the initial price. At the end of the Crowdpooling period, the corresponding token liquidity pool will be created and open for spot trading.

Crowdpooling Information
Project Name: Bnana (BNN)
Token Contract Address:0x72E42619cf48AAdca459FDBe8e6a9a6395933579

Token Allocation Chart/Tokenomics & Distribution:
1.Total Supply:10,000,000BNN
2.Distribution chain:Ethereum,Polygon,Avalanche(C-Chain),Terra,EthereumClassic,BSC
3.Number of distributions:2,000,000(ETH),2,000,000(Polygon),1,000,000(Avalanche),1,000,000(Terra),2,000,000(ETC),2,000,000(BSC)
5.Subsequent IDOs:Vote by DAO
7.FirstIDO Bonuses:After the subscription is over, the BNN on the EthereumClassic(ETC) chain will be given away at a ratio of 1:1 according to the number of BNN subscriptions.

1.Total Number of Tokens Provided by Project Team: 500K
2.Crowdpooling Token Allocation (Number of Tokens for Participants): 250k Token (2.5% of the Total Token Supply)
3.Crowdpooling Hard Cap: N/A
4.Crowdpooling Token Price: 1 Token Symbol = 0.00005ETH=0.1USD
5.Crowdpooling Link: DODO - Decentralized Trading Protocol for Web3
6.Crowdpooling Start Time: 00:00 AM August 15, 2022 UTC+8 (Singapore Time)
7.Crowdpooling End Time: 23:59 PM August 22, 2022 UTC+8 (Singapore Time)
8.Liquidity Protection Period: 90 Days

Note: After the conclusion of the Crowdpooling campaign, BNN tokens will be sent within 48 hours to each participant’s wallet. DODO will then make the BNN available for public trading for any ERC20 at the Crowdpooing Price.

How to Participate

(applicable if ETH) Since this Crowdpooling campaign is on the Ethereum Chain (ETH), you will need to use a wallet application that supports ETH. Some examples are Metamask, TokenPocket, and Trust Wallet.

(applicable if ETH) Please beware that you will need ETH on your wallet to pay for transaction gas fees. It is recommended that your balance is at least 0.05 ETH.

(applicable if ETH and WETH) You will need ETH OR WETH in your ETH wallet to participate in this Crowdpooling campaign.

(applicable if eth) Visit DODO - Decentralized Trading Protocol for Web3 and connect your ETH wallet to the browser.

How to participate in a Crowdpooling campaign?

BNN tokens are mainly used in community DAO governance, NFT event prediction and voting in the sports metaverse, tourism, e-commerce, live broadcasting and other physical industries. Our metaverse will be based in theSandbox, Decentraland, and our headquarters will be based in theMatrixWorld. We will also be the first community to build on Status (Web3 Privacy Decentralized Encrypted Communication Tool), everyone is welcome to join!

Whitepaper(V1.0):Bnna Community(EN)(NEW).pdf | Storj DCS (All community data will be stored in a decentralized storage system.)
Status:Status - Download

Additional Notes on Crowdpooling
Do NOT send tokens to or interact with the Crowdpooling contract address before or after the Crowdpooling campaign. Your tokens may be lost forever and DODO is not liable for any asset losses due to user contract interactions outside the Crowdpooling period.

You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling campaign ends.

If the total staked amount by participants is below the Crowdpooling hard cap, then all participants will receive tokens normally (i.e. the number of tokens received = the amount participants staked / token price). The leftover tokens will be put into the liquidity pool and become available for spot trading.

If the total staked amount by participants is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount participants staked and the actual cost of the tokens (i.e., token price * the number of tokens actually received) is then refunded back to participants.

Note: Due to the flexibility of DODO’s Proactive Market Maker (PMM) algorithm, the opening price, once spot trading begins, can be equal to the Crowdpooling token price, even if the hard cap is not reached. That is, the opening price is not determined by the amount of assets in the resulting liquidity pools. How it works under the hood is that the PMM algorithm truncates part of the bonding curve and assumes that there is a certain amount of buying support in the market. Even if the amount of capital contributed by participants is low, the opening price can still be the Crowdpooling price, and the resulting bonding curve will have a minimum/floor price. Funds staked by users can then push the token price from the minimum price to the Crowdpooling token price.
Participation in Crowdpooling is NOT risk-free. DODO is not liable and will not be offering compensations for any asset losses caused by factors such as project mismanagement, arbitrary and/or malicious token minting, and secondary market manipulation. Cryptocurrencies are a high-risk asset class, so please always proceed with caution and beware of various risks.

Another chain-polygon subscription in the first round of IDO has begun.