CyberFi Samurai are absolutely thrilled to be able to offer our community the chance to participate in Cherry Network’s upcoming initial DEX offering. The IDO takes place on Samurai Launchpad on December 21, 2021, 11:00 UTC. The sale will be conducted on a first-come, first-served basis for all whitelisted Samurai stakers at the Ninja tier and above.
Please refer to our unbelievably convenient QUICK HITTER for all the IDO information you need in a single click.
Cherry is a community-governed, open source blockchain project seeking to trustlessly bridge Web 3.0 applications with decentralized file storage. Cherry aims to hyperboost decentralized applications through true ownership, trustless access, and decentralized CRUD (create, read, update, and delete).
Decentralized applications (dapps) building on the Cherry Network are able to leverage native features, Cherry Storage and Cherry Virtual Machine, to seamlessly develop advanced use-cases that are stable, scalable, and cheap to operate.
Cherry Storage, the first truly trustless file system, is a peer-to-peer file storage module designed to store and distribute large amounts of data, while keeping content private and secure. The Cherry Virtual Machine is a powerful new smart contract platform (akin to Ethereum’s EVM) that has been built to run advanced decentralized applications and sustain the data needs of web3 applications like never before.
Cherry Network separates itself from the layer one pack through improving developer productivity, scalability, interoperability, privacy, and censorship resistance.
- Improved developer productivity: Cherry abstracts the complexities of developing web3 applications to its core. The blockchain the allows developers to spend less time trying to reinvent the wheel and more time building better products for their users.
- Scalability: Transact at lightning speeds, with boundless throughput, while maintaining decentralization and security.
- Interoperability: Access features on the Cherry Chain from across the cryptoverse and breathe new life into smart contracts.
- Privacy: Leverage advanced cryptographic constructs in zk-rollup smart contract architecture for off-chain privacy-preserving executions.
- Censorship resistance: Cherry is owned and operated by its community as a decentralized autonomous organization (DAO). No single entity has control over the network, guaranteeing unrestricted access and no single point of failure.
Cherry Token ($CHER) is the ecosystem’s native token designed to empower the Cherry platform and foster a mutually beneficial relationship between investors, developers, and node operators. $CHER has a total supply of 600M tokens, of which 86.55M will be circulating at launch.
$CHER has an initial public price of $0.036 USD thereby resulting in an initial circulating market cap of $3.11 million USD.
Stakers can expect to earn about 35% APY for staking $CHER and validating transactions on the network.
Participation on Samurai
The Cherry Network IDO will take place on December 21, 11:00 UTC on Samurai Launchpad.
This guaranteed whitelist IDO is open to all stakers at the Ninja tier (100 $CFi staked) and above on a first-come, first-served basis.
Interested CyberFi stakers must state their intention to participate in the IDO by clicking “Whitelist” on the Samurai Dashboard: Here.
Whitelist Start: Friday, December 17
Deadline for whitelisting: Tuesday, December 21, 04:00 UTC
IDO participation: Tuesday, December 21, 11:00 UTC to Wednesday, December 22, 11:00 UTC.
$CHER TGE: December 27, 2021, Time TBA
Whitelisted stakers are eligible to purchase $CHER at the Public IDO price of $0.036 BUSD per $CHER. The token can be purchased in allotments between $100 BUSD and $3,000 BUSD on a first-come, first-served basis. Purchases are made in $BUSD on the Binance Smart Chain.
Tokens purchased at IDO are not subject to vesting and will be 100% unlocked at TGE. However, Cherry will have anti-dumping mechanisms in place such as high-yield staking to ensure you get the most out of your investment.
Please refer to our convenient QUICK HITTER for all relevant sales information in one handy location.
If you are unfamiliar with our tier structure, you can check it here: Samurai Tiers
Cherry is a community-governed, open source blockchain project seeking to trustlessly bridge Web 3.0 applications with decentralized file storage. Cherry serves as a purpose specific infrastructure for decentralized applications handling data.
Samurai by CyberFi is a full-suite Decentralized Cross-Chain Crowdfunding Launchpad & Stakepad built for the evolution of DeFi.
CyberFi Website: https://cyberfi.tech/
Samurai Website: https://samurai.cyberfi.tech