Fund distribution: $120k from presale used to buy $60k [TBA token] and $60k bnb and make LP’s and placed into vault [vault selection to be revealed soon] (tokens timelocked to allow removal with 24hour warning in case vault moves or needs to be changed) $100k from presale used for initial liquidity and placed into vault for SHPN/bnb pair with 6.66k SPHN tokens (starting price $15) giving us a starting liquidity total of $200k $120k from presale used for LP's for siphon number 2 $60k from presale for governance controlled treasury $100k from presale for building the project apps and other growth related activities * Numbers are aproximate values based on raising our full target
With presale target reached: our “liquidity siphon” would be siphoning ~2% per day from each $120k siphon, so bi-weekly with compounding we should yield near $40k so from that: $4000 would buyback SPHN and burn it forever. $8000 would buyback SPHN to add to liquidity, $8000 would buy BNB to add to liquidity, $8000 would go to a staking pool, $4000 would continue compounding in the vault, $4000 would be split between max 20 Siphon NFT holders who meet requirements, $2000 would buy BNB and be sent to treasury, $2000 for team.
Siphon NFT’s will be available for the (max 20 per pool) investors that deposit 100 SPHN into the pool.
The pool will mint you an NFT that will entitle you to be sent an equal portion of 10% of each siphon divided between the others in the pool. (approximately $400 monthly to start, growing with every siphon)
*it is possible to sell your NFT in an NFT market, but the person buying it willalso be buying your 100 SPHN and instead of you, the buyer will now qualify to receive a share of the siphon