Sea Monkey Farm — A Shrimp Capital Project ($SMONK)
A New yield-farm to incubate Shrimp Capital projects:
Shrimp Capital ($SHRMP) is a Micro VC that has emerged to enhance the future of financial instruments on the Binance Smart Chain. We at Shrimp Capital believe in investing in projects with strong fundamentals early and allowing fair allocation to all of our fellow SHRMPs.
As a long-term vision of our SHRMP ecosystem, SHRMP holders will be given access to allocations in our upcoming investments. These projects would ideally have their liquidity provided by the SMONK yield-farm platform creating a well-rounded ecosystem.
SHRMP holders benefit from the ability to earn yield by providing liquidity within the Sea Monkey Farm. This will further incentivize holding SHRMP, which will be necessary to enter into private rounds that are offered in the shrimp Capital ecosystem.
SMONK isn’t only a farm token, but a medium of exchange that will offer guaranteed allocations to be purchased in the form of NFTs that can be only be purchased with SMONK.
Each token alone has its own benefit, but together offer great synergy and value accrual.
Tokenomics and use-cases of the $SMONK token:
$SMONK will be the native token in our upcoming Sea Monkey farm.
— Tokens sold in presale: 12500 SMONK
— Sea Monkey ($SMONK) presale price will be 0.012 BNB/SMONK
— Sea Monkey ($SMONK) will be listed at a price of 0.0133 BNB/SMONK
— Listing Market Cap will be $66,000 (266 BNB)
— Presale amount used for initial liquidity: 7500 SMONK/100 BNB
Shrimp Capital has come to a consensus decision to burn the liquidity that will be supplied at the start of farming. This will give our users utmost confidence that the liquidity cannot be pulled by the team. 15 BNB from the presale funds will be used to buy and burn $SHRMP (we will purchase $SHRMP at market prices and send those purchased $SHRMP to the burn address) and 35 BNB will go to the dev fund.
Future use cases for the SMONK token will include burning SMONK-BNB LP tokens in order to participate in future presales for SHRMP holders (as in hold SHRMP, pay with SMONK-BNB LP), participation in a lottery system on our SMONK farm, and buying NFTs with your SMONK tokens.
Project collaborations and future announcements:
Shrimp Capital is currently communicating with other established projects in the space regarding collaboration and future growth. We are also looking at incubating and launching new projects on our platform, as well as securing presale allocations to these projects for SHRMP holders. They are currently not yet finalized and more information will be released as it comes in.
We believe in rewarding our community for its loyalty, and will continue foster an environment that promotes positivity, wealth, and ultimately an enjoyable experience for both us as a team and for our fellow SHRMPers. We have ambitious goals, and we hope you will help us achieve them. We have found that when shrimps work together, they are stronger. This is our philosophy and the cornerstone upon which Shrimp Capital was built.
Make sure to stay tuned, as we have some big things coming soon.
Follow us at:
Twitter — https://twitter.com/Shrimp_Capital
Telegram — https://t.me/ShrimpCapital
Medium — https://medium.com/@ShrimpCapital
