💎
$CIMO - "Cinnamoon"
An undervalued project with strong utility going under the radar that must be brought to light.
🧵 A Project Feature -
"Memes made millionaires in 2021. Meme 1.0 started with Dogecoin and Shiba Inu. Saitama and Floki Inu had their ride during Meme 2.0 summer in 2021. Meme 3.0 starts now."
🔶 Who are the team?
Cinnamars - Developer
Cifer - Chief Operating Officer
Stargazer - Digital
The team has defined three utility products for 2022.
🔸 DevTool©
🔸 DeFi - Staking dApp
🔸 NFT
I will cover each component below in detail;
🔶 DevTool©
The biggest strength of DeFi – decentralization – is its biggest weakness if shady developers take comfort from the limited regulatory oversight of the crypto space.
We have all seen it more than once, a developer who either pulls the liquidity immediately after the launch of a token, or him/her just tricking investors through minted tokens to some wallets or running away with collected taxes.
There is significant room for bad actors in the crypto space, and honestly, it was never easier to make money without getting punished by the law.
It is the biggest existential threat of DeFi, in our view, if there is no trust in any project anymore because of asymmetric information between developers (even those with good intentions) and investors willing to participate
🔸 The Solution
DevTool© will use an algorithm to calculate a DevScore based on the on-chain performance of previous projects. Because blockchains are immutable and trustless, the score will be a strong indicator of a developer’s performance. DevTool© is what we see as the
project’s unique selling proposition (USP), and they are clearly contributing to the DeFi space with it by reducing asymmetric information in the markets and de-risking the space.
DevTool© is a win for every participant of the crypto space.
Developers will increase their odds to have a successful project launch and have incentives to perform well on projects to improve their DevScore.
Investors can make use of the DevScore as a rating for the token. Because the score is trustless and entirely based on onchain performance, we expect it to be a solid indicator for crypto investors.
Further use cases can also be used as a hiring platform for project founders who are seeking experienced developers.
The DevScore will reveal the performance of developers such that it simplifies the seeking process for project founders.
By integrating immutable NFTs that can be minted by developers, founders can use DevTool as a hiring tool which embeds a kind of “trustless CV” from on-chain based data that needs verification though the developers’ wallet.
The team has stated that they are thinking about partnerships with other DeFi providers when our solution is fully accepted, e.g. Dextool, Chainlink and others.
🔸 $CIMO Tokenomics inline with DevTool©
Tokenomics mirrors the issuer-paid model in TradFi, i.e. issuers of tokens have to pay for the analysis tool while investors have free access to the platform.
The Cinnamoon community and holders of $CIMO benefit from this model thanks to income generation from DevTool. The most important part is to achieve full acceptance and scale of our solution. The issuer-paid model is an enabler for that.
🔸Fair stealth launch of the $CIMO token on 7 July 2022
🔸No team tokens.
🔸100% of the supply is available in the liquidity pool on the Ethereum blockchain (ERC20)
🔸Buy and sell fee 5% each currently (may be less in future)
🔶 DeFi - Inflation resistant staking contract
🔸Funding of staking contract with fees from
$CIMO trading
🔸Flexible allocation of funds to staking contract $ETH collections channelled to stakers with a cleverly calibrated smart contract
🔸Smart contract will be open-source to check the code Staking dApp with user-friendly UI accessible through browser and mobile phone
The staking contract rewards in $ETH and not in $CIMO. This is different than usual staking contracts in DeFi, which reward holders with newly minted governance tokens. We think it is crucial to avoid an inflationary tendency of $CIMO and sell pressure by rewarding in $ETH.
Cinnamoon plans to release 3,000 NFTs with different traits. These NFTs are the finest art that our designer will deliver with his 15+ years of design experience.
Cinnamoon plans to add utility to the NFTs, which is linked to product releases in the future for owners, e.g. exclusive access to certain solutions
Website: cinnamoon.cc
Twitter: twitter.com/CinnamoonEth
Telegram: t.me/cinnamoon_portal
Reddit: reddit.com/r/Cinnamoon_Official/
Medium: medium.com/@cinnamoon_official
Whitepaper: cinnamoon.cc/files/cinnamoon-whitepaper.pdf?version=1.0
Chart: dexscreener.com/ethereum/0x99fb2811662bd1681e73bd5197916ff80078e3d6