Chocodefi is coming!

Welcome everyone!

If you are reading this you are probably familiar with BSC farming and it’s pros and cons. We are launching this project because we believe diversification is good for the BSC environment, you shouldn’t put all your eggs (wink) in the same basket.

Given the track record of previous yield farms, we decided to focus on security and sustainability:

Security:

• MasterChef Contract is the owner of choco Token, meaning we can’t manually mint additional tokens.
• MasterChef Contract will be behind a 24hs TimeLock (to be increased after the launch is successful). After the presale is over, we’ll start the farm and transfer ownership of the MasterChef contract to the TimeLock.
• Our MasterChef contract has no migrator function.
• Initial liquidity will be burn.

Sustainability:

• Burning mechanism: All farms (except chocco ones) have a 4% burn when staking. 100% of the 4% fee will be used to purchase and BURN CHOCO for the first week, to ensure a constantly increasing price. After the first 7 days, 90% of the fee will be used to purchase CHOCO, and 10% will go to a dev fund to further develop our platform.
• CHOCOLATE Lottery: In the coming days/weeks, after we feel the Choco token has reached a stable point, the deposit fee from the farms will be injected into the CHOCOLATE Lottery, where 25% of the pot will be burnt and the rest distributed among participants.
• Inflation regulation: In the future, we will adjust the CHOCO generated per block to ensure the APR from the pools is both attractive to investors and sustainable long term.
• Next 2 week we have nft and games.

You can check our contracts here:

Masterchef: https://bscscan.com/address/0x1b2a0b2c49de8674de4be4504233be9c8530ac34

Choco Token: https://bscscan.com/address/0x55a84cd1908f0d9ed6f978f14eff02764c623afe

Timelock:

Presale

We’ll launch a presale on Bounce later today to ensure a healthy amount of initial liquidity. The official link will be pinned to our TG Group and posted on our Twitter account.

A total of 50.000 CHOCO was minted:

• 19.500–39.000 will be destined of the presale (SoftCap-Hardcap)
• Up to 10.000 will be destined for initial liquidity.
• 500 will be airdropped to contest participants.
• Any excess tokens will be burned before adding initial liquidity

Stay tuned to out Twitter for more information regarding the presale: https://twitter.com/Chocodefi

We are hosting a community airdrop to get the word out about our project, you can check the details here: https://twitter.com/chocodefi/status/1364375362659000320

Our official website will go live later today, before the presale is launched. The link is https://chocodefi.com/

Last but not least, if you have any questions you can find us in our Telegram Group: t.me/chocodefi

Happy Farming everyone!