$CAVE powers the upcoming NFT game being built by TheCavemenClub on Solana blockchain.
$CAVE powers the upcoming NFT game being built by TheCavemenClub on Solana blockchain.
What Is Cave Token?
$CAVE powers the upcoming NFT game being built by TheCavemenClub on Solana blockchain. It is a native Solana token that will bridge players allowing them to get paid for playing the game by rewarding players with CAVE token as well as allowing the purchases of real estate and ingame items to be done through the token.
How Many CAVE Coins Are There in Circulation?
CAVE was airdropped into circulation to Samoyed community as well as SNY Pool holders along with the holders of TheCavemenClub NFT. In total 2.5% of the supply was airdropped. Further 5% is being released into circulation for liquidity pool and in-game rewards.
This brings a total of 7,500,000 CAVE into circulation for the first year . Total supply is 100,000,000 tokens which will be gradually released after the first year of the token being traded.
Who Are the Founders of CAVE Token?
CAVE token will play a large part in the ecosystem of the upcoming game coming from TheCavemenClub.
Where Can I Buy CAVE?
Cave is currently available on the following platforms :
https://trade.dexlab.space/#/market/KrGK6ZHyE7Nt35D7GqAKJYAYUPUysGtVBgTXsJuAxMT https://alpha.art/collection/crypto-cavemen-club
Total Supply:
- 100,000,000 Cave Coin minted. Total supply is fixed and will never change.
- 2.5% of it airdropped to the community (Distributed)
- 70% to Caveman NFT holders (196.89 Tokens per NFT owner)
- 15% to Samoyed community (5000 top wallets 75 tokens each)
- 15% to SNY Community (5000 top wallets 75 tokens each)
- 15% Marketing (Locked)
- Tokens to be used for growing the community. The team will work alongside the community to navigate and put these funds to use. The team is considering a DAO structure in order for these tokens to be put to circulation.
We envision these tokens to be put to use once the ecosystem has been established.
These tokens can be used for large events or tournaments as well as other future use cases.
- 30% Operations Fund (Mostly locked)
- Used to finance expenditure and operations of the project. (Art , programmers, game balancing team, game designers etc..) These tokens may be sold privately to raise capital and cover such expenses. These will be done strictly through OTC
- 20% Founding team (Locked)
- Incentive and reward for the core founding team members to keep expanding the game and make it more successful for long term perspective.
Team tokens are locked up for 12 months from token inception.
After initial 12 months of lock up a total of 1% out of total circulation gets unlocked monthly for 20 months. This makes it 20% of team tokens unlocked and distributed between the team throughout the 20 months after the initial 12 months lock up. 1% of total supply each month for 20 months starting from October 2022.
- 20% Play to earn (Mostly locked)
- In-game purchases for weapons and equipment as well as gear will be exclusively available through **Cave Coin**. Players may be able to get paid with Cave coin by exchanging weapons for Cave.
- Arena rewards.
- Successfully advancing in-game will give players an opportunity to earn drops. drops will be backed by Cave.
- 12.5% Staking (Mostly locked)
- Market making as well as liquidity pool provision supply. These are specifically allocated for services such as Raydium where supply is directly distributed to stakers.
- Reserved supply for future staking partnerships and deals
First 12 months Circulating supply: 7.5%
The Crypto Cavemen Club will not release any more tokens apart from partial "Staking" supply as well as "Play to earn" supply. These tokens will be used to provide liquidity + insure buyback of items as shown on whitepaper.
- 2.5% was airdropped to the community.
- 3% From "Staking" Will be used as an incentive for Stakers.
- 2% from "Play to earn" will be used for In-game play to earn mechanics.
Current circulating supply
Circulating supply** : 2,500,000 (Community airdrop) + 5,000,000 ( 3% from 'Staking' 2% from 'Play to earn')
Total supply : 100,000,000
Circulating supply :7,500,000
Assuming price of token is 10 cents :
- Market cap : 750,000
Assuming price of token is 50 cents :
- Market cap : 3,750,000
Etc….
Longer term perspective (Utility)
- In-game purchases for weapons and equipment as well as gear will be exclusively available through **Cave Coin**.
- In-game seasonal chest boxes exclusively through **Cave Coin.**
- All Weapon upgrades will be possible ONLY through **Cave Coin.**
- Real Estate purchases and In-game tax will be paid through **Cave Coin**
- Marketplace dominated in **Cave Coin.**
February 5, 2022
February 5, 2022
February 5, 2022
$CAVE powers the upcoming NFT game being built by TheCavemenClub on Solana blockchain.