Announcing Paladin DAO Whitelisted & Public Presale, Public Launch Features, and Updated Tokenomics

Welcome back to Paladin DAO! We are happy to announce the new updated details about the Presale and the Whitelist. We’ve implemented a lot of changes from the old plan, and some launch features that you’ll be excited about!

Launch Phases

Phase 1 — Whitelisted Presale: This phase will provide the purchase access to the Whitelisted Members (whitelist Role) in this Discord and this phase is launched on BSC Networks, and the $Paladins tokens can be bought using $BUSD on BSC Network. $Paladins Token price at this phase will be $10 per token. Each whitelisted member can purchase a maximum of 100 $Paladins Tokens ($1000).

Phase 2 — Public Presale: This phase will exist only if the Whitelisted Presale didn’t achieve the target fundraising goal ($700,000). The tokens and chains at this phase will be the same as Phase 1. $Paladins Token price at this phase will be $16 per token.

Phase 3 — Public Launch: This is the major Public Launch of Staking, Bonding Pancake Swap. Staking will have a huge Initial APY to incentivize the early Stakers, and Bonding will have huge discounts initially to incentivize early Bonders. We’ll make use of Bridging Protocols to equalize the price of tokens between different chains. The users who bought $Paladin at Phase 1 or Phase 2 can claim their tokens for $Paladin at this phase.

Updated Whitelist Spot Details

We are planning to hold a presale, in order to raise a total amount of $1,000,000 at the price of $10 per $Paladin.

How will our presale be conducted?

• We will select up to 700 whitelisted users from our community. They will have access to our presale for a period of 72 hours.
• Each whitelisted participant will be able to contribute up to a maximum of $1000 per wallet.
• Whitelisted participants will be able to buy $Paladin in the presale using $BUSD on BSC,
• After the 72-hour period of presale access for whitelisted users, the sale will be opened up to the public to fill any remaining unsold allocation from the presale. The public sale will be open until the full $700,000 is raised. Contribution during the public presale will have no limits.
• Participants in the Whitelisted/Public Presale sale will be given $Paladin tokens. After the Public Launch, the users can claim their $Paladin tokens for $Paladin tokens 1–1. The users can use these $Paladin tokens to stake and earn rewards once the staking mechanism is public.

If the maximum allocation amount of whitelists in one category is not reached, the Paladin DAO team reserves the right to allocate the unused amount of whitelist spots to another category. (e.g.: If 10 whitelist spots are unclaimed in the contributor’s category, the Paladin DAO team could distribute these spots in the Discord giveaway category instead).

While these allocations may change, the maximum amount of whitelisted members will still be 700. The Paladin DAO team will not allow more whitelisted members.

Updated Tokenomics

Paladin DAO presale will mint $Paladin as and when they’re being purchased in the presale (at $10 per $Paladin).

Initial treasury

Paladin DAO team plans to allocate the funds raised ($BUSD) during the presale event as follows:

• $280,000 (40%) to create the liquidity pool at a rate of 1 $Paladin = $16. The LP tokens will be locked.
• $210,000 (30%) for the Paladin DAO treasury, securing the intrinsic value of $PALADINS.
• $210,000 (30%) for the Core project team. To ensure the robust and continued development of the project, the Paladin DAO team will not get a full team allocation at launch. The funds will be used to ensure the milestones in the roadmap are achieved. The distribution of funding will take place based on the project’s growth.

Presale contracts will be well tested & released to the community before presale launch.

Minting

The Minting Contract will mint the tokens as and when a purchase is made using the contract.

Burning

We’ll implement the burn functionality for $Paladins and $Paladin tokens.

Tokens owned by the team

We chose not to allocate any $Paladin tokens to the team.