● Staking will only require a transaction to claim earned $RIBBIT
● LFLC Staking will cap out at 200M tokens to be claimed by LFLC NFT holders.
● You will automatically earn 1,000 $RIBBIT per day by holding a LFLC in your wallet. This will incentivize holding throughout the staking period and provide a solid distribution of $RIBBIT to holders.
● LFLC staking will last until 200M tokens have been claimed (minimum of 20 days)
Phase 2: Frog Game
● 20k tokens per mint for the first 10,000, this will guarantee 1 LFLC = 1 mint in frog game, if you hold entire time this will ensure that this mint isn't just a cash grab coming from us and is truly for the holders. It will only be mintable from the tokens earned by staking your LFLC which will be the same tokens earned in the new frog game.
● Frog game will have the same game mechanics as wolf game, but set on a longer time horizon for sustainable growth. There will be a 50k max supply on thefrog game NFT which will yield the same $RIBBIT token as LFLC did in phase 1. After the first 10k are minted frog game will have a price scaling curve on minting with $Ribbit. Wolf game/wizards and dragons ran on the same model and minted their entire supply in 8 days, which doesn't ensure enough time for pivots and other necessary actions. We ran the numbers and modeled ours to mint the 50k nft supply in ~5 years time MINIMUM. This will ensure long term sustainable growth that will allow us to properly build on top of it instead of a short lived degen ponzi.
● 50% of royalties from LFLC & frog game will go to a frog game DAO which will be controlled by the frog game NFT (not $RIBBIT) thus creating another layer of intrinsic value in the new NFT based upon the value of the DAO's basket of assets that will be controlled by the community.
● The NFT will have value initially from the ability to generate $RIBBIT that will have a price determined by LFLC in Phase 1 volume. This should create a self repeating cycle as long as we can generate buzz and the DAO royalty will continue to push up the underlying value of the NFT in the end, creating buzz, and generating long term value. We will also be having an initial seed we add to the DAO on launch of frog game.