To our beloved community members, we would like to update you on the following developments that we have been working on for the past few weeks.
CAGE MULTIFARM PROGRAM (CMP):
The CMP is designed to drive more volume and liquidity to our ecosystem. Our multifarm program allows farming across multiple chains using part of the CAGE treasury funds, followed by buyback of CGT and C4G3 tokens with the reward accrued from the farm. The buyback will be done with the accrued reward through our Ecosystem’s balancer liquidity pool (Cage-Master), and this will continue with multiple farms with high yielding APYs across multiple chains. The transaction link to the buyback will be broadcast after every buyback.
INTRODUCING CAGE-MASTER POOL
The cage-master pool is a liquidity pool deployed on balancer exchange, the pool consists of our entire ecosystem in addition with ETH, i.e C4G3, CGT, CMI and ETH token with 25% allocation of each asset. The pool was deployed to facilitate active volumes across our ecosystem and to ensure everyone gets a fair chance to participate in our entire ecosystem just by holding the Balancer pool token (BPT) aka (Cage-Master).
In addition it makes it easier to have our entire ecosystem bridged to multiple chains with just one token.
That means whoever holds the BPT (Cage-Master) will have access to all tokens under our entire ecosystem (C4G3, CGT and CMI). The BPT can be acquired by depositing either C4G3, CGT, CMI or ETH into the Balancer v2 liquidity pool. A guide will be provided in our telegram community on how to deposit into this pool.
We would also like to inform you that our GOVERNANCE pool (CGT/ETH)on balancer v1 has been moved to v2.
MOVING AWAY FROM BINANCE CHAIN
As a result of 0 volume for over 1 month, we will be removing C4G3 from the Binance chain network, i.e we will no longer be providing liquidity on Bianace chain, all liquidity removed will be returned to our Balancer v2 pool on Ethereum chain.
MARKETING AND STAKING PROGRAM
As part of our ecosystem development strategy, our staking program is going to go live before the end of Q2 2022. The staking contract is currently being developed and will go through internal and external audits after the contract is completed. More details about the staking program will be released on our announcement channel before the release of the program. In addition, we have decided to release the dashboard together with the staking program so as to make it more meaningful and functional.
While things have been quite silent in here, we want to assure you that we have been working around the clock in order to engage in an effective marketing, on this note we want to share with you that we have been able to get in touch with a third party marketing firm (name of the firm will be communicated later), an estimate of about $60,000 has been quoted for an effective marketing campaign including influencer marketing campaign on twitter and tiktok. The campaign will include Social media ads, influencer marketing, brave browser ads etc.