CupFinance

in #blockchain • 4 years ago

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Decentralized finance (DeFi) is an open monetary system (open finance) built on blockchain technology that is decentralized and immutable. One of the motivations for the development of the Decentralized Finance system is that many people around the world still lack access to financial services. Although the existing conventional financial system plays a role in building wealth for the world's population, it has not yet reached the lower class population.

Decentralization means there is not a single point of failure, because the same records are stored on multiple computers / nodes via a peer to peer network. Due to the permissionless nature of the blockchain network, it is open to anyone, regardless of how much money they have, where they live. Unlike banks or payment companies that can close accounts from customers who don't meet the requirements, the character of blockchain is censorship resistant.

About Cup Finance:
The non-fungible token market (NFT) is very promising, but is held back by inefficient market structures. The uniqueness of the token allows for a longer and more expensive method trading than trading a commensurate token. This functionality is what makes the market stronger. Our thesis is that fractional ownership via interchangeable tokens is the right solution. That is, ERC721 tokens will be cut into "particles" via the mortgage custody form and converted into ERC20 tokens to complete the interaction between agreements. That's why we designed the Cup. Finance. The fractional platform for any NFT can be created and traded by anyone.

Project Features:
Financial Cup feature

  • Support stable coin mining, now you can mine with usdt and eth too
  • A 20% bet will be added to the liquidity pool at uniswap to ensure long-term support
  • 2-level referral rewards
  • Guaranteed stable rate of return: basic rate of return + dynamic rate of return
  • All contracts have been audited by authorized organizations ： https: //www.lianantech.com/#/
  • The exchange of NFTs has great potential and CUPs have great value
    *Sustainable mining, strong project sustainability, asset flow will encourage asset appreciation.

GREAT NEWS for NFT! - Cross protocol interaction from ERC721 to ERC20
The market for non-fungible tokens (NFT) is very promising, but is held back by inefficient market structures. The uniqueness of the token allows for a longer and more expensive method trading than trading a commensurate token. This functionality is what makes the market stronger. Our thesis is that fractional ownership via interchangeable tokens is the right solution. That is, ERC721 tokens will be cut into "particles" via the mortgage custody form and converted into ERC20 tokens to complete the interaction between agreements. That's why we designed the Cup. Finance. The fractional platform for any NFT can be created and traded by anyone.

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Cup.Finance issues a total of 3 tokens during the liquidity mining phase, and each token has its own unique role.

We find that every new project needs a lot of community consensus support during the cold start phase. Thank you SushiSwap for giving us a great idea: liquidity migration and platform-based token issuance. Also, Inspired by the elimination tournament, we have introduced 3 different tokens and 3 different liquidity mining phases to filter out the project's long-term supporters.

CUPI is a liquidity migration token and will be mined during the group match round. CUPI tokens are used to exchange NFT assets issued by Cup.Finance, and when Cupnftswap is online, you will enjoy a new form of NFT exchange.

1% CUPI will be distributed to the community, 9% will be held by the Cup. Finance team, 10% for marketing, 30% will be added to the liquidity pool gradually at Uniswap as 20% unstaking fees are generated.

CUPII will be mined in the semifinals, only those who hold NFT assets issued by Cup.finance (exchanged through CUPI) can get the opportunity to mine CUPII in this round, to eliminate speculators and gather long-term consensus among our community.

In the final round, when platform-based CUP tokens are mined, the NFT Cup.Finance (Cupnftswap) trading platform will also be launched. CUP is also a whole market payment method.

It is a completely fair distribution system, with no pre-investment, pre-sale or pre-mining.

Token Specifications

  • Name: CUPI, CUPII, CUP
  • Network: Ethereum
  • Specifications: ERC20
  • Precision: 18
  • Smart Contract Address: Here

Token Allocation

CUPI: Total Supply (100%): 100,000,000

  • Airdrop to community (1%): 1,000,000 CUPI
  • Team (9%): 9,000,000 CUPI
  • Marketing (10%): 10,000,000 CUPI
  • Liquidity (30%): 30,000,000 CUPI (for 20% staking fee)
  • Mining (50%): 50,000,000 CUPI

CUPII: Total Supply (100%): 1,000,000

  • Mining (70%): 700,000 CUPII
  • CUT NFT Prize (10%): 100,000 CUPII
  • Marketing (10%): 100,000 CUPII
  • Team (10%): 100,000 CUPII

CUP: Total Supply (100%): 10,000 CUP

  • Mining (80%): 8,000 CUP
  • Team (20%): 2,000 CUP

Referral rewards
Users who enter via the referral link and enter the wallet will be permanently tied to the Ethereum address, and get 10% of all invited user revenue and 5% of newly invited user revenue, i.e. if user A is invited user B, and user B invites user C, user A will get 10% revenue from user B and 5% revenue from user C. (Even User A invests 0, it still works)

As long as you participate in the initial mining, you can participate in governance. Major decisions are made by voting by token holders. The proportions of each token are:

  • CUPI 30%
  • CUPII 30%
  • CUP 40%

Staking and Rewards

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Group Match: Mine CUPI
Project participants need to provide liquidity for CUPI / USDT at Uniswap, and stake CUPI / USDT LP in the Cup. Finance to mine CUPI. You can also bet USDT (erc20) and ETH directly on the Cup. Finance to get the CUPI prize.

Initially collecting CUPI prizes:

  • ETH POOL: 15,000,000 CUPI
  • USDT POOL: 15,000,000 CUPI
  • CUPI / USDT Uniswap V2 LP: 20,000,000 CUPI （FAST PASS）

Semi Final Round: Mine CUPII
Project participants need to provide liquidity for CUPII / USDT at Uniswap, and stake CUPII / USDT LP in the Cup. Finance to mine CUPII. You can also stake NFT assets directly in the Cup.

  • Finance to get the CUPII prize.
  • Pool NFT: 350,000 CUPII
  • CUPII / USDT Uniswap V2 LP: 350,000 CUPII (FAST PASS)

The number of CUPII is only 1,000,000. Compared to CUPI, deflation has again reached 100 times. The winning prize of this round has been further increased.

Final: Mine CUP
Congratulations, after continuous hard work you have finally reached this round, FINAL!

Only 1 token will be mined in this round --- CUP.
The CUP token is an ecosystem token launched by the Cup.Finance marketplace, and will bring enormous potential value to its holders. Not only the amount (10,000 CUP only), but you can also use the CUP in the existing NFT market (after the end of this mining round, Cup.Finance will launch its own NFT market) in exchange for a number of very rare Sports. star cards, each of which is extremely rare and has a very high collection value!

Liquidity migration: 3,500 CUP

  • CUPII / USDT Uniswap V2 LP: 1,000 CUP
  • CUP / USDT Uniswap V2 LP: 3,500 CUP (FAST PASS)

note:
There is a 20% fee wagered on the Financial Cup in the Group Match stage. This feature is designed to be an effective protection mechanism that provides consistent liquidity for our loyal supporters as all 20% fees will be added to the liquidity pool at Uniswap automatically via smart contracts and nothing can erase liquidity.

For more information, visit us at:

Author: Amild
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2583828
My ETH: 0xbf00577895715883E63C6694D33dA51b1cDEBDa8

#defi #cupfinance
4 years ago in #blockchain by
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