$BRAIN In-depth details and Update

As announced on our Telegram Group, we would like to bring an update of the current situation followed by some more details about our project.

Wtf happened?

We basically had a plan as explained on our previous article but also noticed that the Community can’t wait several weeks to get their hands on our NFT’s.

Therefore we reorganized our priority list and will complete the whole project without the DAO within the next 2–3 days.

Logical $BRAIN path & contracts.

Main Changes

The biggest change is on the marketplace. Since the community is very interested in implementing a permanent LP lock feature like CORE, we had to come to an agreement and let go of the extended marketplace feature.

1. We will keep it simple by issuing out one point called “IQ”. (Same principle as with Pineapple)
2. The Lootbox will remain the same. Every pull has the chance to drop an Exotic. Once every NFT has been looted we will be able to add new NFT’s.
3. The locked LP farm will issue out $BRAIN collected by the fees generated.
4. People are able to farm on the locked LP pool with our “Wrapped Univ2 LP”. Once someone stakes his $BRAIN/ETH Univ2 on the permanent farm, we will mint 1:1 of the staked amount which will be sent to the staker. This wrapped LP token will be tradeable and is pegged on the equivalent of the staked Univ2 token. **Remember, you stake forever. There will be absolutely no chance for anyone to pull out any Liquidity of $BRAIN/ETH pair. However you are able to sell the wrapped LP token once a market would open up for that.**
5. Once farms go live, the fees will be set to 2% and the reciever address will change to a Smart Contract called “Fee Distributor”. His job is to split the 2% fee’s generated and send them into 3 destinations. 1.7% goes to the Fee farming pool, 0.2% goes to the development wallet, 0.1% goes to the burn address. The fees are changeable by the DAO in possible up to a max. of 25%.
6. The price of one Lootbox will get announced as soon as we finalize the launch.
7. Portions of the 5’000 $BRAIN, currently held by my wallet will get distributed to people who permanently lock liquidity. For now, i’m considering either airdropping or just injecting into the farm
8. First collector batch will contain Waifus, SFW, NSFW. Possibility to redeem (burn) Legendary/Exotics for a real life card.

Thank you guys for reading through. If i missed some stuff, i’ll update this medium or let you know on TG Announcement.

Website: https://nobrainer.finance

TG: https://t.me/nobrainerfinance

TG Announcement: https://t.me/NobrainerAnn

Github: https://github.com/NobrainerFinance/Contracts

Twitter: https://twitter.com/NobrainFinance