DanzoPrice

(DANZO)

Danzo (DANZO) is an innovative MemeFi project built on the robust Cardano blockchain. It uniquely combines meme culture with the functionalities of decentralized finance (DeFi). At its core, Danzo revolves around its dedicated application, the DANZO APP, which serves as the central hub for its various features and community engagement. This integration aims to offer a novel experience, merging entertainment with financial utility within the blockchain ecosystem.

The DANZO APP functions as the central MemeFi hub for the Danzo ecosystem. Its primary feature is the "Game Theory arena" known as DANZO ARENA, where token holders can engage in competitive interactions. Beyond the arena, the app facilitates various activities including the ability for users to secure loans using their holdings and participate in exclusive DANZO-themed games. Additionally, the platform offers an opportunity for participants to become house liquidity providers, enabling them to potentially earn yield on their ADA contributions.

The DANZO ARENA is an exclusive feature designed for DANZO token holders. To participate, users initially deposit their DANZO tokens into the arena. In return for their deposit, they receive an equivalent amount of $HODLDANZO tokens. These $HODLDANZO tokens represent their stake within the arena and can be exchanged back for original DANZO tokens when a user decides to withdraw. All deposited tokens contribute to the arena's overall Total Value Locked (TVL), forming the collective pool of assets within the game theory environment.

Yes, engaging with the DANZO ARENA involves specific fees, primarily a withdrawal fee. When a participant chooses to withdraw their tokens from the arena, a standard fee of 10% of the initial deposit amount is applied. This fee is then distributed to support the ecosystem and its participants. Specifically, 8% of this withdrawal fee is distributed among other active players who remain in the game, while the remaining 2% is permanently removed from circulation through a burning mechanism.

Yes, users participating in the DANZO ARENA have the option to borrow DANZO tokens directly from the platform. This borrowing capability allows participants to leverage their positions, with the maximum loan amount capped at 30% of their existing ARENA position. These loans come with a predefined fixed interest rate and a set duration for repayment. The collateral securing these loans is robust, comprising both the DANZO tokens the user has already deposited into the arena and any accumulated profits from other players exiting the arena.

The tokenomics of DANZO define its supply and distribution strategy. The project has a specific total supply of tokens. A substantial portion, specifically 90% of the token supply, was designated for presale events and to establish initial liquidity pools. This allocation is crucial for ensuring accessibility and robust trading conditions for DANZO. The remaining tokens are allocated for strategic purposes, which include distributions for the core development team, community engagement through airdrops, and incentives for participants via farming programs. This comprehensive distribution plan is designed to support the project's long-term sustainability, community growth, and overall ecosystem development.