TL;DR
With the RatAlert DAO finally deployed, the first proposal will cut the Gen0 supply down to 555 tokens, leaving a total supply of 10,555 tokens & significantly boosting $FFOOD’s utility. Swap your $FFOOD tokens for $GFOOD to become an early DAO voter.
Details
- New $GFOOD token / LeStake contracts are currently being deployed to add $GFOOD’s DAO voting capability. We can safely do this because $GFOOD is not in circulation yet.
- Even though from the start, $GFOOD was the designated DAO token, we announced in one of our AMAs that $FFOOD may become the new DAO token to make it accessible to everyone. This does not work because $FFOOD is not deployed with voting capabilities. In order to compensate for this, we will soon provide liquidity for everyone to swap their $FFOOD for $GFOOD (and back).
- The RatAlert DAO has been created on Tally. This means that everyone can make changes to the RatAlert contracts through proposals, given that they can gather enough voting power! The team is proud to have achieved one of their core milestones: To hand over not only the code but the ignition key to the community!
We will wait a few days with our first proposal to give everyone a chance to load up on $GFOOD tokens. Remember, you need to own them at the time the proposal is created! We have created the #dao-proposals channel on Discord where we invite everyone to discuss this proposal as well as future ones for updates & features. - The team’s first proposal is to once again make the best out of the current market situation and cut RatAlert’s character NFT token supply:
Gen0 will be cut down from 10k down to 555 which means that the remaining 10,000 Gen1 characters can only be minted with $FFOOD! - The DAO will soon provide more liquidity in the following pairs:
- FFOOD/MATIC
- CFOOD/MATIC
- GFOOD/MATIC
- GFOOD/FFOOD
- GFOOD/CFOOD - You can already get LP tokens and provide liquidity for the CFOOD/MATIC pair and as of next week, we will open LP staking for those tokens with >1000% APR!
