PancakeSwap has announced his second IFO ( Initial Farm Offering ), it's time for DITTO to be hosted. Remember that IFO is a deflationary system that helps a lot to pancakeswap native token CAKE because of that the half of the total collected during the event is burned forever, so that the circulating supply decreases.
What is DITTO?
In their own words Ditto.money is the first elastic supply project on Binance Smart Chain. The mission of Ditto.money is to provide the BSC community (and everyone else) with a store of value and payment token based on the latest rebase tech and with low transaction fees. Ditto.money is not just a token — it’s also an ecosystem with dapps for staking, governance and NFT-based gamification. It's main goal is to reach an stable price of $1.
IFO Sale Details
Sale date/time: Wednesday 23rd December at 3pm -4pm SGT
Amount to be raised: $630,000 USD in CAKE-BNB LP tokens
Tokens to be sold: 700,000 DITTO (35% of total DITTO supply)
Price per token: 1 DITTO = $0.9 USD
In order to participate on the IFO we have to first, add liquidity on pancakeswap for the pair CAKE - BNB , it means you must have the same quantity of CAKE and BNB equivalent on dollars, then you are going to receive your LP (Liquidity Provider ) token, that is the proof of your liquidity to the pool. Then when the event starts, you have to provide your LP tokens in order to participate.
After the IFO is finished you must claim your DITTO and all your unspent funds ( your unspent LP tokens ) . All participants get DITTO but if the total raised is more, it says we are overflow you will get back your unspent LP tokens and all participants gets proportional to their contribution.
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