The Plan and Introducing CZ Dao Token
In correlation of the previous exploit on our TIGZ = CZF swapping, the CZodiac Team have decided to launch a new token, it will be called CZ Dao Token in which will be the native token of CZodiac Ecosystem for more growth, luck and prosperity. The timeline for creating our dapp for our new token will be 3–4weeks and with that, we encourage our holders to continue holding their CZF token as time pass by we will be using funds to buyout CZF tokens until we retire it and remain the CZ Dao Token.
· Exotic Auctions: Each Auction has a farm where users deposit assets (like BNB, CZDao/BNB, CZDao/BUSD, CZF, TIGZ) to receive CZDao vesting over 1 year. There is no impermanent loss
· Amount of vesting CZDao determines voting power
· Users vote on CZDao allocation to different farms
· Users can vote to convert team treasury to full dao, but at first it will be centralized.
· CZodiac Team will be providing the initial liquidity at launch of CZDao — $100,000 USD
· Initial MCAP at launch $100k
CZDao Tokenomics: 10.000.000
· 50% — 5.000.000 for rewards (exotic auctions)
· 45% — 4.500.000 for initial liquidity
· 5% for loss compensation (1 year vesting)
· CZDAO Token Feature: 0.98% tax = 50% to farming rewards | 50% for burn
We will be starting to compensate the holders using a “compensation request” the form is open for 7days in order for the community to carefully check and document the transactions during the event.
There will be vesting period (1 year — released every week and a dapp will be used to claim the tokens) for compensation for our holders to avoid dumps on our new token (CZDao Token)
The team will be verifying the details and once we found out that a holder is trying to cheat or will not provide the right information, we will blacklist.
These are the strong steps that we will be having in the next 3–4weeks in order to have a strong foundation of our project, our community for luck and continuous prosperity for our CZodiac Project! We appreciate your support and may the Luck be with you!
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