Radio Caca Introduces Governance Token for Upcoming Massive NFT Marketplace OpenPFP
Singapore, March 21, 2022 – – – Radio Caca, a Web 3.0 decentralized autonomous organization (DAO), unveils today $PFP Coin (ProFile Picture), a governance token for the DAO’s namesake OpenPFP marketplace. OpenPFP actively rewards traders, collectors, and creators for participating in activities across the platform, and accepts Ethereum, as well as a variety of other stablecoins.
The total supply of $PFP Coin will be capped at 1 billion, with a tentative token release date of July 8, 2022. In the near future, Radio Caca will also create a new entity called OpenPFP DAO, composed of council members, such as NFT influencers and prominent Web 3.0 developers. The PFP tokens shall be distributed as follows:
- 30% will go to stakers of $RACA, Radio Caca’s native token, including those providing liquidity for the $RACA/USDT pair.
- 30% goes to node operators, which are an upcoming new feature in 2023, over nine years.
- 20% will be airdropped to OpenPFP users in July, as well as investors meeting certain trading volumes on OpenSea and LooksRare in July.
- 5% will be allocated for the operating expenses of the OpenPFP DAO
- 0.5% will be sold at its initial IDO
- 0.5% will be allocated for an initial LP pool
- 14% will be given to launch contributors
For early users of OpenPFP, the trading fee will be waived (0%) until April 15, 2022. Afterward, they will increase to 1% from April 16 to July 16, before capping at 2% on July 17. This is one of the lowest among competitors in terms of fees charged. Additionally, a portion of the trading fees will be allocated to users providing liquidity in the upcoming $RACA/USDT pool.
About Radio Caca
Founded in May 2021, Radio Caca is a Web 3.0 infrastructure solutions provider. Radio Caca’s product line currently consists of the United States of Mars (3D Metaverse), Metamon, and two NFT marketplaces. One is a decentralized exchange (DEX) called Radio Caca NFT Markets, and another is a 100% centralized NFT marketplace in the USM. Radio Caca has a strong and growing community with more than 594,000 Twitter followers, 515,000 Telegram members across global communities, and 68,000 Discord members.
In June 2021, Radio Caca released its first Web 3.0 product, a collection of profile picture style NFTs for Maye Musk. Over six months, the collection’s trading volume exceeded $60 million. The floor price of the collection is currently more than 10,000 times greater than the original retail price of $20. On the whole, the trading volume of Radio Caca’s NFT marketplace surpassed $2 billion in the preceding six months, with more than 70,000 daily active users. The total revenue from NFT proceeds in 2021 was worth $142 million.
The company is backed by OKX Blockdream Ventures. Both BEP-20 $RACA and ERC-20 $RACA have been listed on OKX since November 2021. The RACA token has been bridged to ETH and OEC and will be bridged to Solana, Klaytn, Polkadot, and more public blockchains in the near future.
(1) Twitter: https://twitter.com/RadioCacaNFT
(3) Website: https://www.radiocaca.com
(4) Telegram: https://t.me/RadioCaca
Ethereum Token Address: 0x12bb890508c125661e03b09ec06e404bc9289040
BNB Chain Token Address: 0x12BB890508c125661E03b09EC06E404bc9289040
Company Name: RADIO CACA FOUNDATION LTD.
Contact Person: Mike Radio
Website URL: https://www.radiocaca.com/
Address: 3 Fraser Street, #05-25, Duo Tower, Singapore, 189352
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency.
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