Introducing CFL 365 Finance ($CFL365 - ETH Pool) Crowdpooling on DODO (ETH) on August 5, 2021

Hello CommanDODOs,

CFL 365 Finance (CFL365) will start a Crowdpooling campaign on DODO {ETH} on 5th August, at 01:00 AM UTC+8 (Singapore Time). The proceeds will be used to create a liquidity pool for CFL365 after the Crowdpooling and users will be able to trade CFL365 with arbitrary ERC-20 tokens on DODO.

Crowdpooling on DODO is an equal opportunity way to distribute tokens and establish liquidity markets. The project team provides its project/governance tokens, and sets the token price and the amount of tokens to be issued. Anyone can subscribe to purchase the tokens during the campaign period.

If the overall subscription amount by participants is higher than the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool at the initial price. At the end of the Crowdpooling period, the corresponding token liquidity pool will be created and open for spot trading.

Crowdpooling Information

Project Name: CFL 365 Finance (CFL365)

Token Contract Address: 0xcd6adc6b8bd396e2d53ccd7d7257b4de55be4fbe

Token Allocation Chart/Tokenomics & Distribution: All details on page 8 & 9 of CFL365 Pitch Deck.pdf

Total Number of Tokens Provided by Project Team: 1,666,667 CFL365

Crowdpooling Token Allocation (Number of Tokens for Participants): 0.417% Tokens of the Total Supply

Crowdpooling Hard Cap: $100,000 USDT

Crowdpooling Token Price: 1 Token Symbol = 0.06 USDT

Crowdpooling Link: DODO - Your on-chain liquidity provider.

Whitelist Link: NA (Open to all participants)

Crowdpooling Start Time: 01:00 AM 5th August, 2021 UTC+8 (Singapore Time)

Crowdpooling End Time: 01:00 AM 6th August, 2021 UTC+8 (Singapore Time)

Liquidity Protection Period: 30 Days

Note: After the conclusion of the Crowdpooling campaign, Token Symbol tokens will be immediately sent to each participant’s wallet. DODO will then make the CFL365 available for public trading for any {ERC20} at the Crowdpooling Price.

How to Participate

Additional Notes on Crowdpooling

  1. Do NOT send tokens to or interact with the Crowdpooling contract address before or after the Crowdpooling campaign. Your tokens may be lost forever and DODO is not liable for any asset losses due to user contract interactions outside the Crowdpooling period.

  2. You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling campaign ends.

  3. If the total staked amount by participants is below the Crowdpooling hard cap, then all participants will receive tokens normally (i.e. the number of tokens received = the amount participants staked / token price). The leftover tokens will be put into the liquidity pool and become available for spot trading.

  4. If the total staked amount by participants is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount participants staked and the actual cost of the tokens (i.e., token price * the number of tokens actually received) is then refunded back to participants.

Note: Due to the flexibility of DODO’s Proactive Market Maker (PMM) algorithm, the opening price, once spot trading begins, can be equal to the Crowdpooling token price, even if the hard cap is not reached. That is, the opening price is not determined by the amount of assets in the resulting liquidity pools. How it works under the hood is that the PMM algorithm truncates part of the bonding curve and assumes that there is a certain amount of buying support in the market. Even if the amount of capital contributed by participants is low, the opening price can still be the Crowdpooling price, and the resulting bonding curve will have a minimum/floor price. Funds staked by users can then push the token price from the minimum price to the Crowdpooling token price.

  1. Participation in Crowdpooling is NOT risk-free. DODO is not liable and will not be offering compensation for any asset losses caused by factors such as project mismanagement, arbitrary and/or malicious token minting, and secondary market manipulation. Cryptocurrencies are a high-risk asset class, so please always proceed with caution and beware of various risks.

Project Profile

Name: CFL 365 Finance (CFL365)

A brief introduction: CFL365.Finance is a trustless, decentralized dapp for skill-based virtual trading contests for crypto and stock markets. The project aims to bridge the gap between the users who are into legacy finance and in the crypto ecosystem, by giving them an opportunity to try out their skills in a Hybrid Market.

Official Website: http://cfl365.finance

Whitepaper: DocSend

Twitter: https://twitter.com/cfl365_finance

Telegram: Telegram: Contact @cfl365finance

Medium: CFL365.Finance – Medium

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