How DegenPlays Works
DegenPlays does the work so you dont have to.
Tokenomics
Supply
The intial total supply for DegenPlays is 10,000 tokens for the devs.
500,000 of the supply is being offered in the ICO.
Tokens are minted as sold. After the ICO new tokens will be minted at a cost of $1+current token value to ensure the value of the token is only positively effected.
Team Fees
Team members will be awarded a combined total of 10,000 DegenPlays at mint.
The team will recieve 10% of the token sales and play profits.
DegenPlays feel due to the amount of work required to manage the degen plays this is a reasonable payment.
Token Value
Token value will be linked to the current project pool value.
As payouts from degen plays come in the profit will be split 90% to the pool 10% to the team.
As the pool increases the value of DegenPlays will increase.
The team will not be establishing any DEX pools as the funds will be used for the plays.
Fund utilization
For the first 4 months 50% of the pool will be placed into degen plays to allow for the pool to gain value.
After 4 months DegenPlays will target a 70% pool utilization. This leaves funds available for token buybacks or any quick plays.
Token Buyback
You can sell your tokens back to the project at anytime.
For the first 4 months buybacks will be at 50% of your inital purchase value.
After 4 months buybacks will be at the current token value based on current pool funds.
Please note that this only counts funds currently in the pool wallet, funds inside of a play are not counted for buyback pricing.
Frequently asked questions
What chains do you make plays on?
DegenPlays makes plays on various chains. While we prefer chains with more cost-effective gas fees, we are willing to enter plays on any chain if the potential reward justifies the fees.
Why don't you disclose the plays you are doing?
Due to the short-term nature of these plays, some may open and close within an hour or two. It is impractical for us to show all the plays in real-time.
How do you decide what plays to make?
DegenPlays explores opportunities on our own and also consider suggestions from others in this space. We conduct research on the plays as much as possible, although time constraints can sometimes make this challenging, before making any decisions.
How will you ensure DegenPlays make a profit?
DegenPlays cannot guarantee profits. However, DegenPlays offers a way to participate in these highly risky opportunities while risking less of your own funds. Part of the funds will be invested in proven long-term plays, which helps mitigate potential losses.
How do you decide how much to put into each play?
Once DegenPlays identify a play worth pursuing, DegenPlays starts with a small position to test the viability of the funds' retrieval and payout process. If everything goes well, DegenPlays increases the position size using a portion of the funds based on the risk and potential payout.
What is with the 4 month rules?
DegenPlays has identified several stable plays that have consistently yielded returns over a significant period. To mitigate any potential losses, DegenPlays will allocate a portion of the funds to these plays. After the 4-month mark, DegenPlays anticipates that these long-term plays will have reached a stable stage, allowing for greater transparency in token pricing.