Category: IOST

Fish n’ Chips

Fish n’ Chips

Guppys is about to release their new Dapp in the Guppys ecosystem, Fish n’ Chips. Read here the first details for the world’s first SELF-COMPOUNDING Hourglass…

0.75 IOST FISH Token Buy In (Feeless) for ambassadors
23 Ambassadors – Top 10 iFRY Richlist + Top 10 FRY Richlist + Justin + MC + Trevon SNAPSHOT: Nov 22 @ 7:00am UTC

FISH tokens can never be sold.
Ambassador Buy-in: Min. 50k lOST – Max 375k IOST

Chips token:
Token: CHIPS
Start Price: 1 IOST
Fee: 11% In & 11% Out
Increment: 0.1 increase per 1 mil IOST
Name: Fish n’ Chips

Chips Buy In (with Referrals):
6% Divs
3% Referral
1% Fry Bankroll
1% Devs
Chips Sell:
8% Divs
1% Fry Bankroll
1% Devs
1% Floor ( 50% B&B, 50% B&D)

Node Earnings: (Operator and Voting side)
60% Fish n’ Chips Voting Rewards
20% i/Fry holders
20% Devs

**Fish n’ Chips Voting rewards:
50% Buyback & Burn, hourglass reinvests in itself by buying CHIPS with the voter rewards (also raises the token price every single day), then burns the CHIPS it holds.
50% Buyback & Distribute CHIPS to FISH Holders

Quarterly Rewards:
-100% to Reserve Fund for Guppys bankroll.
-This reserve fund would buy into Fish n Chips, rain divs but liquidate the Fisn n’ Chips if necessary

Order goes:
Ambassadors (No fee, stable .75 rate) -> FRY Investment Fund (current around 3 million IOST, pays fees+rain divs on ambassadors) -> General Public

Two tokens:
FISH:
-Permanently locked, Can’t be sold
-Ambassadors get FISH
-Everyone has the option to convert their CHIPS to FISH and lock them
-You can swap CHIPS for FISH but not the other way around,
-You get IOST divs just like CHIPS does + CHIPS divs from 50% Buyback & Distribute

CHIPS:
-Can be sold whenever, not locked
-Price changes with every buy and sell
-Receive divs in IOST