Introducing $POTS. Moonpot.com’s Token

Moonpot has its own token called $POTS, acting as both a governance token and a revenue-sharing mechanism. $POTS will be minted on August 2, 2021, through a DODO IDO. There will be a fixed supply of 10 million $POTS tokens. You will be able to buy $POTS on DEXs, or earn them as rewards for joining a Moonpot. $POTS will also be available as farming rewards on some of our partner platforms, including Beefy.Finance.

By holding $POTS and staking it in our governance Moonpot, called Ziggy’s Pot, you will receive a proportional amount of the platform’s revenue. These rewards are distributed as $POTS that come from open-market purchases, creating buying pressure on the token. You will also be part of the Ziggy’s Pot monthly prize draw.

In addition to interest and monthly prizes, $POTS is a fair and equitable way of distributing voting power for the platform.

The more $POTS you have, the more voting power you have. The reason behind this is simple. Token holders are concerned with the health and success of Moonpot due to the reward mechanism mentioned above. Users with larger amounts have more of a stake in the platform and its longevity.

Learn more about how to get $POTS, here.

How will Ziggy’s Pot work?

Ziggy’s Pot will launch after the IDO ends at 10:00 UTC August 3, 2021

Once you get some $POTS you will be able to stake those tokens into Ziggy’s Pot and start earning interest straight away.

You will also be automatically entered into the Ziggy’s Pot monthly draw which has 10 winners and will include prizes from all the other Moonpot’s that month.

This means that the first Ziggy’s Pot prize draw on September 1, 2021, will include $CAKE, $BIFI, and $DODO as prizes. We will also be adding some $POTS to the first Ziggy’s Pot prize draw.

If we add Community Pots to Moonpot.com before September 1, 2021, you will win prizes from those Pots’ tokens too.

Where does the APY for Ziggy’s Pot come from?

By staking $POTS in Ziggy’s Pot, you receive an APY generated by 5% of the revenue of all the other Moonpots.

As there’s currently only one Moonpot, your APY is generated solely by the CAKE Moonpot. In the future, there will be multiple Moonpots and all of them will generate revenue for Ziggy’s Pot.

Ziggy’s Pot will purchase $POTS off the market with Moonpot.com’s revenue and give them to $POTS stakers as interest.

In simple terms: stake $POTS, earn $POTS and a chance to win a monthly prize.

Where do the prizes for Ziggy’s Pot come from?

Ziggy’s Pot also has a monthly Prize Draw where 10 lucky winners will get a share of all the different tokens from that month’s Moonpots.

The September 1, 2021 Prize already will include $POTS, $BIFI, $CAKE, and $DODO.

This all sounds great, how do I get some POTS?

If you want to get your hands on some precious $POTS tokens in Moonpot’s DODO IDO on August 2, 2021, you will need to be whitelisted. There’s only space for a maximum of 20,000 Cadets, so make sure you secure your space now.

You can learn more about the IDO whitelisting, here.

We will be publishing a guide on how to participate in the IDO before its launch on Monday Aug 2nd.

In basic terms, if you’re whitelisted for the IDO you will be able to get a maximum of 200 $POTS in total at the IDO. A maximum 100 $POTS in exchange for $100 of BUSD from one IDO pool, and a second maximum of 100 $POTS in exchange for BNB in the other BNB Pool.

Everyone who stakes into the IDO before with the allotted 24 hours will receive $POTS at the $1 launch price.

You could receive less than 100 $POTS, if the majority of the other whitelisted Cadets also put in their maximum of $100 to each IDO pool on DODO. If that happens you will be refunded the remainder of your stake, and will be able to buy more $POTS from the open market.

As soon as the 24 hours are up, you will be able to withdraw your $POTS and stake them in Ziggy’s Pot to earn interest and the chance to win the monthly prize.

If you were early enough to be part of the SafePal WHO campaign, you’ll receive your airdrop of $POTS as soon as the DODO IDO reaches its end at 10:00 AM UTC on August 3, 2021.

You will also be able to stake your airdropped $POTS straight away into Ziggy’s Pot along with any additional $POTS you manage to get in the IDO.