We are excited to release the details of our 1st Teddy Bears Club surprise. Our Initial NFT Offering is currently live and ends on April 8th, 2023. After April 8th, any remaining tokens from any unsold NFT will be distributed to NFT holders. Currently, each NFT is earning over 15,000 TEDY tokens. In this article, we explain the 1st Teddy Bears Club surprise, where NFT holders can earn additional 20 million TEDY tokens from reaching NFT milestones.
TeddySwap is a secure and open-source DEX focusing on stablecoins in the Cardano ecosystem. With our strategy, open-source approach, and team experience, TeddySwap aims to be the leading stablecoin DEX on Cardano, similar to how Curve is the leading stablecoin DEX on Ethereum.
Our Initial NFT Offering is live and ends next week on April 8th, 2023. By holding these NFTs, community members will earn TEDY tokens following our mainnet launch. Our hope is to provide value to our early supporters through these NFTs, while also providing us funds to ensure our long-term development and all necessary audits.
Today, we are launching our 1st Teddy Bears Club surprise, where NFT holders will earn additional TEDY for reaching community milestones related to our Initial NFT Offering.
1st Teddy Bears Surprise
Currently, there are 1,152 Round 2 Teddy Bears Sold. There will now be additional TEDY given for each milestone that is reached. These additional TEDY rewards will look like this:
The first 1,200 NFTs minted will earn an additional 1,000 TEDY for each member.
The first 1,400 NFTs minted will earn an additional 1,333 TEDY for each member.
The first 1,600 NFTs minted will earn an additional 2,000 TEDY for each member.
The first 2,000 NFTs minted will earn an additional 2,400 TEDY for each member.
The first 2,500 NFTs minted will earn an additional 4,000 TEDY for each member.
This means the original 1,200 NFTs will each earn an additional 10,733 TEDY, while the people who join us in the last tier before 2,500 members will earn an additional 4,000 TEDY.
Thanks to our community for your support as we prepare to launch our open-source stablecoin DEX on Cardano.
We believe the Teddy Bears Club NFTs should provide long-term value to our community members and enhance the experience of interacting with the TeddySwap protocol.
In the coming weeks, we'll release details on our audit, public bug bounty, and our 2nd testnet with integrated yield farming.
We hope you will join our mission to provide open-source and decentralized infrastructure for the Cardano community with the highest levels of security and the best possible user experience.
For more information on TeddySwap:
TeddySwap is an open-source decentralized exchange AMM protocol focusing on stablecoins in the Cardano ecosystem. Our protocol is developed by former Cardano Foundation developers and the creators of plu-ts, a smart contract framework built to efficiently deploy Cardano dApps.