Guppys is about to release their new Dapp in the Guppys ecosystem, Fish n’ Chips. Read here the first details for the world’s first SELF-COMPOUNDING Hourglass…
0.75 IOST FISH Token Buy In (Feeless) for ambassadors
23 Ambassadors – Top 10 iFRY Richlist + Top 10 FRY Richlist + Justin + MC + Trevon SNAPSHOT: Nov 22 @ 7:00am UTC
FISH tokens can never be sold.
Ambassador Buy-in: Min. 50k lOST – Max 375k IOST
Chips token:
Token: CHIPS
Start Price: 1 IOST
Fee: 11% In & 11% Out
Increment: 0.1 increase per 1 mil IOST
Name: Fish n’ Chips
Chips Buy In (with Referrals):
6% Divs
3% Referral
1% Fry Bankroll
1% Devs
Chips Sell:
8% Divs
1% Fry Bankroll
1% Devs
1% Floor ( 50% B&B, 50% B&D)
Node Earnings: (Operator and Voting side)
60% Fish n’ Chips Voting Rewards
20% i/Fry holders
20% Devs
**Fish n’ Chips Voting rewards:
50% Buyback & Burn, hourglass reinvests in itself by buying CHIPS with the voter rewards (also raises the token price every single day), then burns the CHIPS it holds.
50% Buyback & Distribute CHIPS to FISH Holders
Quarterly Rewards:
-100% to Reserve Fund for Guppys bankroll.
-This reserve fund would buy into Fish n Chips, rain divs but liquidate the Fisn n’ Chips if necessary
Order goes:
Ambassadors (No fee, stable .75 rate) -> FRY Investment Fund (current around 3 million IOST, pays fees+rain divs on ambassadors) -> General Public
Two tokens:
FISH:
-Permanently locked, Can’t be sold
-Ambassadors get FISH
-Everyone has the option to convert their CHIPS to FISH and lock them
-You can swap CHIPS for FISH but not the other way around,
-You get IOST divs just like CHIPS does + CHIPS divs from 50% Buyback & Distribute
CHIPS:
-Can be sold whenever, not locked
-Price changes with every buy and sell
-Receive divs in IOST