The Whitepaper… With a Few Drink Stains, Sorry
Cocktails Finance aims to provide a top earning project that gives the greatest benefits to dedicated members. A simple staking pool enrollment with high yielding rewards, plus interest from early exits and claims. Offering a great opportunity to build with a community of farmers, gain rewards and take part in governance, future pools and more!
The $CKTL token will be listed for trading on Uniswap starting at 1 ETH = 4 CKTL. The initial stakers in our liquidity pool will help develop the locked liquidity. There will need to be 5+ ETH to initialize the liquidity pool. We’ll be starting with 0 cups circulating at launch and a max supply of 4500 cups of Cocktail Mix ($CKTL). There will be two delicious cocktail recipes in our Cocktail Barbook at launch — the Cold Bloody Mary and the Winter Daiquiri. A set rewards allocation of 2000 cups of CKTL will be provided and will be reduced by 25% every 14 days until all 4500 cups have been distributed.
All rewards are split amongst the real drinkers who make their own cocktails: 70% for the Cold Bloody Mary (ETH/CKTL) mixers and 30% for the Winter Daiquiri (CKTL) mixers.
Mixing Your Own Cocktail
Cold Bloody Mary: ETH/CKTL Mix
Using our site you can easily stake your ETH directly from your wallet into our liquidity pool (Cold Blood Mary). With this recipe your ETH is mixed with our CKTL mixer and provides claimable CKTL rewards. These rewards can also be staked into our governance pool described in the Winter Daiquiri section. To get the most out of your cocktails we advise you claim your rewards bi-weekly or monthly, if possible.
How to Make a Cold Bloody Mary
When your ETH is added into the shaker via our site an equal amount of CKTL is automatically included. To do this, 2% of your ETH is used to purchase a portion of the CKTL and the rest is minted. Once both parts of the recipe are added into the shaker you can sit back and watch your rewards pile up. Rewards are totaled in CKTL and are available to be claimed according to a fee schedule.
Winter Daiquiri: CKTL Mix
Using some of your Cocktail Mix (CKTL) that you purchase or make with the Cold Bloody Mary recipe you can get some of our voting tokens: Daiquiri ($DQRI). Using these tokens you will be able to access our future AA Meetings program and have a say in the development of more Cocktail Recipes. For each CKTL you add to the shaker one DQRI is provided to you for voting. All of your DQRI tokens are burned when you unstake as they are only for AA Meetings and future benefits that are released as a part of this protocol.
How to Make a Winter Daiquiri
Making a Winter Daiquiri is easy! You simply stake the CKTL that you claimed or purchased on Uniswap into the shaker and earn CKTL rewards plus DQRI tokens on a 1:1 ratio.
Claiming Your Drinks
The sweet taste of rewards is what we do this all for. Watching those drinks pile up is only half as fun as drinking it all! However, we want to help you pace yourself and prevent you from ruining the recipe for others. To keep you accountable as an Altcoins Anonymous member we have implemented claim fees to help keep the token price from heavy dips. These fees result in tips to your fellow mixers, including yourself!
Rather than just watching your CKTL add up you can easily stake your rewards from either recipe back into the Winter Daiquiri straight from the site. This auto-restaking will be free of any claim and exit fees but subject to any applicable gas fees.
How to Claim
You can use the site to claim your rewards from either staking pool at any time. Once you enter either recipe in our Barbook you’ll be able to see your pending rewards under the Finished Drinks area. Your estimated claim fee will be displayed on the claim button based on the fees detailed in the Claiming Chart. You’ll also see your tips earned from early claims and exits as claimable interest.
Unstaking
You might start mixing with our Barbook and have to stop unexpectedly. With our recipes we have developed exit options that allow you to remove your deposits without hurting your fellow mixers. We’ve implemented a daily withdrawal cap of 50% that helps provide liquid stability to the network.
Cold Blood Mary
When withdrawing your deposited ETH from our Cold Bloody Mary recipe you will be subject to a 6% exit fee. The CKTL tokens that were minted to match your ETH will be burned and any additional liquidity earned will be included in your withdrawal. You will be given an option to withdraw 25% twice each day in 12 hour intervals. The 6% fee that is collected will be split in half between the treasury and liquidity holders. Your withdrawal will be deposited in ETH and not the ETH/CKTL liquidity token.
Winter Daiquiri
Adding your CKTL rewards from our recipes into the Winter Daiquiri is the easiest way to make your rewards work for you. Once you begin staking CKTL you will be subject to varying withdrawal fees based on the last day you staked. These prevent members from unstaking in order to bypass the claim reward exit fees discussed above.
Post-Launch Plans
AA Meetings
We will be hosting AA Meetings for CKTL stakers, holding DQRI tokens, to decide on the future of the service. We are looking forward to providing you the option to create/remove new recipes and adjust their reward allocations. You will also be able to decide on the treasury and liquidity pool shared exit fees, unstaking withdrawal fee, auto-restaking percentage for liquidity pool, the continuous burn percentage and more.
Future Recipes
We will constantly evaluate options to add new recipes to our Barbook. These recipes will be decided on in our AA Meetings. By default all fees and withdrawal percentages will be the same as our Winter Daiquiri recipe. However, this will also be an option available for change during AA Meetings.
Cocktails.Finance is coming to you this weekend! Stay tuned to our channels below to be one of the first find out when:
Telegram: https://t.me/cktlfinance
Twitter: https://twitter.com/cktlfinance
Discord: https://discord.gg/jyRC6VqGT4
GitHub: https://github.com/cktlfinance
