NFTY Network Upcoming IDO on CyberFi

CyberFi is pleased to announce the initial decentralized offering of NTFY which will go live via the CyberFi IDO Platform on September 29th, 2021, at 1700 UTC.
CyberFi also looks to incubate NFTYNetwork, helping them progress their product suite at a faster rate.

NFTYConnect is one of the primary products that NFTYNetwork powers. NFTYConnect acts as a Web 3.0 Access management tool to enable community growth, akin to another popular web 2.0 growth tool, Gleam.io.

The NFTYConnect product ecosystem currently consists of Android, iOS, and web apps, allowing for unrivaled access to Web 3.0 users and token gating options. NFTYConnect enables any brand, creator, or community owner to create and launch token gates, to enable web 3.0 paywall access to private content, private communities, etc.

The average holder allocation is capped at $10,000 USD and with the aim of achieving a total raise of $400,000 USD. The Launch will take place on the CyberFi platform on the Binance Smart Chain and will be followed by an airdrop of the $NFTY Token on the Ethereum Network in order to limit the gas fees for their users. Users must go through KYC (know your customer) in order to participate.

IDO Scheduled and Allocation

NFTY is aiming to achieve a total raise of $400,000 USD through CyberFi.

The Launch will take place on the CyberFi platform on the Binance Smart Chain and will be followed by an airdropped of the Token on the Ethereum Network in order to limit the gas fees for their users. Users must go through KYC (know your customer) in order to participate.

For this time, they have decided to do a guaranteed IDO for stakers (from 50 CFi staked or up) with no multiplier. The reason is that they have in the recent weeks introduced CFi on BSC and CFi on Wanchain and would like to give the opportunity for people to move their fund to preferred chain.

The IDO will be split in 2 pool.

1/ 350K in one pool for everyone who stakes a minimum of Tier 1 (50 CFi on BSC/ ETH, 2 LP token for ETH or 6 LP token on BSC or farming on wanChain).

This pool will be open to every Staker at Tier 1 or + level. The minimum allocation will be 100 BUSD and maximum 10,000 BUSD
per wallet.

The price per token will be $0.0125 Dollars.
This pool is subject to KYC and as such every participant should whitelist/KYC here: FORM

2/ 50K in one pool reserved for T6. Maximum allocation per user will be 5000 BUSD and the price per token 0.011 Dollars.
As usual, the advantage of being Tier 6 is that you do not need KYC and do not have to enter the form.

Schedule

· Whitelist /KYC: 27th September 2021 at 14:00 UTC

· Whitelist Close: 29th September 2021 at 14:00 UTC

· Participation: 29th September 2021 at 17:00 UTC — 30th September 2021 at 17:00 UTC

· Token Generation Event: TBD

· Samurai $NFTY Token Claim: Airdropped on ETH 15min after TGE

· Samurai platform: https://samurai.cyberfi.tech

CyberFi incubating NFTY Labs

NFTY Labs will also join CyberFi’s incubation program, where CyberFi will work with the NFTY Team to enhance the progress of the NFTY Product Suite. CyberFi’s Senior team brings decades of experience in the technical fields along with product development, and startup growth experience. Together both teams can leverage each other’s ecosystem to increase the magnitude of one another’s products.

$NFTY

NFTY Supply — The NFTY Utility Token is an ERC-20 utility token on the Ethereum mainnet with a total fixed supply of 1,456,240,353 NFTY. The NFTY token is natively supported in the Ethereum environment, but future plans could involve having the token hosted on other blockchain networks, and/or Ethereum Layer 2 scaling networks.

Token Distribution — Tokens are distributed in reaction to various events, starting with the launch of the NFTY platform and its continued progression. Tokens are emitted via an inflation mechanism to enable tokens to be in the hands of individuals who will use them the most.

About NFTY

NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.

About CyberFi

CyberFi is the first Intelligent Trading & Automation Platform (ITAP) designed to fill a gap in the Defi Trading Market. Our ITAP solves some of the most inhibiting and challenging problems when it comes to trade execution on DeFi platforms, AMMs, DEXs etc. Within the rapidly expanding crypto market, the total value of assets locked (TVL) has become the primary measure of relative growth in DeFi and the provider of many opportunities for automation.

📰 INFO 

https://medium.com/cyberfi/nfty-network-announces-ido-on-cyberfi-21f504255751