Cigarette
Cigarette The token was issued by some members of the cypherpunk community. Its objectives remain quite open and must be determined by the entire PUNK community; for now, however, it is a token used in$CIG a web-based social game: There is a “Cypherpunk’s CEO,” and there can only be 1. This role is associated with a unique item on the Ethereum blockchain NFT to prove that it is CEO; this proof changes from the relevant Ethereum address according to who becomes the new CEO. The way to become the new CEO is to pay the previous CEO a pre-set selected amount of$CIG. If this amount is too low, someone is more likely to take over the CEO position. However, if the amount is too high,CEO the tax payable, namely 0.1%of that amount, becomes too high, and the deposit that the previous CEO initially had to pay is also depleted more quickly. This is the balance of the game. “Cypherpunk’s CEO” can write graffiti messages on the webpage that everyone can see. They can also, each time, press 20%to adjust$CIG’s issuance rate, with a cooldown period of 2 periods. Issuance begins per block 1000 $CIG at the highest rate, while a minimum issuance rate also exists.$CIG will be issued on a linear pro-rata basis to liquidity providers of the CIG-WETH trading pair on SushiSwap, like any other liquidity-mining program. It can also be regarded as a Christmas airdrop to the PUNK community, under which each PUNK holder receives, for every PUNK held,CIG. It is similar in spirit to the$SOS token, but focuses on a more specific PUNK community. It is hoped that, over time, the PUNK community will develop around it and may use it for broader purposes, such as more advanced games or DAO. Due to the decentralized nature of the project, it is currently impossible to determine how it will evolve.
Overview
Cigarette The token was issued by some members of the cypherpunk community. Its objectives remain quite open and must be determined by the entire PUNK community; for now, however, it is a token used in$CIG a web-based social game: There is a “Cypherpunk’s CEO,” and there can only be 1. This role is associated with a unique item on the Ethereum blockchain NFT to prove that it is CEO; this proof changes from the relevant Ethereum address according to who becomes the new CEO. The way to become the new CEO is to pay the previous CEO a pre-set selected amount of$CIG. If this amount is too low, someone is more likely to take over the CEO position. However, if the amount is too high,CEO the tax payable, namely 0.1%of that amount, becomes too high, and the deposit that the previous CEO initially had to pay is also depleted more quickly. This is the balance of the game. “Cypherpunk’s CEO” can write graffiti messages on the webpage that everyone can see. They can also, each time, press 20%to adjust$CIG’s issuance rate, with a cooldown period of 2 periods. Issuance begins per block 1000 $CIG at the highest rate, while a minimum issuance rate also exists.$CIG will be issued on a linear pro-rata basis to liquidity providers of the CIG-WETH trading pair on SushiSwap, like any other liquidity-mining program. It can also be regarded as a Christmas airdrop to the PUNK community, under which each PUNK holder receives, for every PUNK held,CIG. It is similar in spirit to the$SOS token, but focuses on a more specific PUNK community. It is hoped that, over time, the PUNK community will develop around it and may use it for broader purposes, such as more advanced games or DAO. Due to the decentralized nature of the project, it is currently impossible to determine how it will evolve.