BECO holders, today we are greatly excited to announce that WolfSafePoorPeople (WSPP) as the next Initial Farm Offering to be hosted on the BecoSwap IFO platform, using the IFO format explained here.
What is WolfSafePoorPeople?
WSPP pursues the goal of creating a highly fluid environment where everyone can create NFTs easily and inexpensively, as we know WolfSafePoorPeople (WSPP) token is a token with a vision and mission to help all poor people in the world, with Wolfible all people can experience making NFTs and work to earn additional income. WSPP is designed as an NFT protocol for all, owned and managed by the community. In this regard, a special place in the initiative is reserved for the WolfSafePoorPeople $WSPP native governance token as the foundational building block for the future NFT ecosystem.
Their roadmap and other information about WSPP project can be found in their pitch deck here.
What is $WSPP?
WSPP This is the first currency that has a program to reduce world poverty, first launched on Binance Smart Chain, then on Polygon netwrok. The formation of the Wolf safe poor people (WSPP) Token on the Kardia network aims to develop the NFT DeFi projects that we previously had on the BSC and Polygon networks
$WSPP Token Distribution
The total supply of WSPP tokens is 3,200,000,000. In which:
- 50% (1.6 billion WSPP) will be reserved for the IFO on
BecoSwap. - 20% (0.64 billion WSPP) will be used for First liquidity.
- 5% (0.16 billion WSPP) will be used for Farms
Reward & Pools Rewards, vesting in 24 months. - 10% (0.32 billion WSPP) will be used for Marketing, vesting
in 12 months. - 10% (0.32 billion WSPP) will be reserved for Team, locked for
24 months, vesting in 36 months. - 5% (0.16 billion WSPP) will be used for Charity, vesting in 36
months.
After the IFO, approximately 50% of the total supply will be circulating in the market. To learn more about WSPP, click https://wolfsafepoorpeople.com/.
IFO Sale Details on KardiaChain
Sale start block: 5592340 (Approx. 1 PM UTC on Wednesday 1st December 2021)
Sale end block: 5593035 (Approx. 2 PM UTC on Wednesday 1st December 2021)
Amount to be raised: $800,000 USD in BECO-KAI BecoSwap AMM LP tokens
Tokens to be sold: 1,600,000,000 WSPP (50% of WSPP total supply)
Price per token: 1 WSPP = $0.0005 USD
BECO to be burnt from sale: $400,000 USD
Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the “Overflow” method).
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
To participate in the IFO:
Before Sale:
- Buy BECO and KAI tokens on KAIDEX or BecoSwap AMM.
- Get BECO-KAI LP tokens by adding BECO and KAI liquidity on BecoSwap AMM.
During Sale:
- While the sale is live (1 — 2 PM UTC on 1st Dec 2021), commit your BecoSwap AMM LP tokens to buy WSPP tokens at https://becoswap.com/launchpad
After Sale:
- When the sale is complete, claim your WSPP tokens and your unspent funds will also be sent back to you.
- Done! In the case of an overflow you can unstake your remaining BECO-KAI LP tokens.
If you decide to acquire BECO-KAI LP tokens before the IFO starts, you can stake them on BecoSwap or SleepEarn to earn BECO token rewards while waiting for the sale.
Please note — While you are holding BECO-KAI LP tokens you will be at risk of Impermanent Loss.
An Explainer: What are the 2 different sale sessions?
Basic Sale ($240,000–30% of Sale allocation, equal to 480,000,000 WSPP)
Want to participate in the IFO and get the most bang for your buck? This is for you.
In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in BECO-KAI LP tokens.
The number of tokens available in this format will typically represent around 30% of the total sale.
Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.
Unlimited Sale ($560,000–70% of Sale Allocation, equal to 1,120,000,000 WSPP)
As the name suggests, the “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.
The number of tokens available in this format will typically account for 70% of the total sale.
How much is the participation fee?
The participation fee will start at 1%, which is only applied to your contribution to the “Unlimited” session.
The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.
The fee cliff for the WSPP IFO is as follows:
Overflow Multiplier
In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
Please note — The final USD price per BECO-KAI LP token will be set a few minutes before the sale starting at block 6619039 (1 PM UTC on Wednesday 1st December 2021) and will be broadcasted on all public media channels.
While a few things may be subject to initial change, two things are sure:
- You will need BecoSwap AMM BECO-KAI LP tokens to participate.
- If the full $800,000 USD allocation is raised, then at least $400,000 USD of BECO tokens will be burned forever.
We may also be running a farm WSPP-KAI BecoSwap AMM LP token to earn BECO, which will have 5x BECO rewards for the first 48 hours and then 2x BECO rewards after that.
Project Details
Project: WolfSafePoorPeople (WSPP)
Website: https://wolfsafepoorpeople.com, https://wspp.tech, https://wolfible.com
Initial Circulating Supply (Day of sale): 50% WSPP from initial supply of 3,200,000,000 WSPP
Contract Address: 0xccB32737C6dFfddFFB24CA8A96b588ac7b1822e7
White paper: https://wolfible.com/WHITEPAPER_V1.pdf
Twitter: https://twitter.com/RoboWolf8
Facebook: https://www.facebook.com/RoboWolf89
Telegram (EN): https://t.me/robowolfproject
GitHub: https://github.com/wolfsafepoorpeople
LinkedIn: https://www.linkedin.com/company/robowolf-tech
Completed Audits: https://www.certik.com/projects/wolf-safe-poor-people
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BecoSwap will not be held responsible for any investment losses.
