CUEX Private Sale & Public IDO Details
CUE Protocol launches a second token (CUE, allowing the development team to enter the DeFi space.
The second token will enable us to grow our ecosystem even bigger than originally planned.
CUEX will be a taxed token that features an automatic market maker providing liquidity to CUEX & CUE tokens via the tax.
CUEX
CUEX will have a 10% tax on all transactions. See below for the full breakdown:
5% of all transactions will provide liquidity to the CUEX token liquidity pool on PancakeSwap V2.
This will give the new token (CUEX) a great depth of liquidity in the future, ensuring a higher price floor over time.
2% of all transactions will go to holders of the CUEX token.
An automated staking solution to ensure holders are instantly rewarded via all transactions.
2% of all transactions will go to the CUE liquidity pool on PancakeSwap V2.
This allows CUE to build up its PancakeSwap V2 liquidity, ensures the two tokens are connected, increases the CUE token price floor and gives CUE access to PancakeSwap V2.
1% of all transactions will be used to buy back CUE.
This will be distributed periodically to CUEX holders.
This further connects the two tokens as this will create buy demand for the CUE token and allow CUEX holders to earn CUE via holding CUEX, creating demand for CUEX to earn CUEX and CUE.
CUE holders benefit from more buy demand to drive the CUE price and also benefit from the governance wallet increasing via the CUE transaction fee each time the buyback is completed.
This will increase CUE Holders and transaction volume too, opening CUE up to a new userbase for our dapps and utility.
The tokenomics above show the benefits of holding both tokens.
CUE Holders Private Sale
A private sale will start before the main IDO public sale.
Only CUE holders with at least 3 CUE tokens will be able to access the private sale.
There will be four tiers for holders who have access, and these tiers control how much CUEX CUE holders can purchase.
1) Hold 3 CUE = up to 1 BNB per wallet.
2) Hold 5 CUE = up to 5 BNB per wallet.
3) Hold 20 CUE = up to 10 BNB per wallet.
4) Hold 50+ CUE = up to 20 BNB (limited to 15 spots and will close as soon as filled)
The private sale will have a max allocation between all tiers which will be revealed closer to the start date.
Private Sale Start Date
The private sale date is scheduled for the 13th-15th July, subject to market conditions.
Upon the start of the Private Sale, all qualifying CUE Holders will take part via the CUE Hub or send their BNB to the contract address. Either way, it will work as long as you qualify and send less than the correct max limit based on your tier.
The private sale will be closed when it has sold out of its allocation OR when the time limit has ended.
Those who qualify for the 20 BNB buy limit can buy on a first come first serve basis, after these have been fully allocated, the 10 BNB limit is the max limit.
CUEX IDO Public Sale
The CUEX IDO will launch 2–3 days after the private sale.
The details of this sale are much simpler; A maximum buy of 5 BNB per wallet will be in place.
The only place to exceed the 5 BNB buy limit, will be participating in the CUE Holders Private Sale mentioned above.
The public IDO sale will be hosted with BSC Starter, so stay tuned for more details.
CUE Holders Airdrop
Another benefit for CUE holders will be that they will receive an airdrop between 3 and 6 months after the launch of CUEX.
This timeframe is to ensure that the token can grow first before this airdrop is distributed.
This airdrop will require holders to join a whitelist.
CUEX Token Distribution
Max supply: 100 billion
Available for private sale and public IDO: 25 billion
50% will be locked in liquidity for 3-month intervals. This is because we want to migrate liquidity faster if PancakeSwap brings V3, V4 out etc. We do not want liquidity locked in the old version for too long.
- The estimated circulating supply will be around 40 billion.
- 25 billion tokens for sale with another 12.5 billion tokens for liquidity and 2.5 billion for the CUE holders airdrop 3–6 months later.
- There are zero team tokens. Team members can buy at IDO or private sale like everyone else.
- This will leave around 60 billion tokens for staking rewards and DeFi.
What's Coming
CUEX will introduce staking, farming, and some pretty cool staking system(s) are coming, which will use both tokens on their own and together!!!
Conclusion
We are extremely excited about this token and what it will bring to both tokens and all token holders.
Stay tuned for JULY 2021!
$CUE
