A Letter from the Founder

Dear Community,

Greetings! It is I, Kurt, checking in with Sugandese Tokens' Fourth Edition of the Letter from the Founder!

TL;DR: We are happy to be launching on BSC! Please participate in our Presale to receive both STB and PLUSH tokens in a fixed ratio. The majority of the STB dividend token distribution to the public will take place during the presale period, so don't miss the presale! However, we have planned for both STB and PLUSH yields to be very juicy when emissions begin! BUSD Presale participants will receive 1/3 of our Fantom release's public tokens!

Welcome to our long-awaited launch on the Binance Smart Chain (BSC)! We are happy to be launching on the blockchain with the highest overall TVL besides Ethereum. It is notable that BSC consistently has about 3x-4x the overall TVL of Polygon Network, where all of our previous platforms have been. In addition, BSC now has over 1 million daily active wallets (vs. 350,000 for Polygon Network), which is a staggeringly high number considering the non-negligible gas cost of BSC transactions. We feel that the consistent presence of such a high amount of funds and wallets on a blockchain where we launch is very bullish!

Now that we are writing our fourth Letter from the Founder, it seems that we are able to change our tune somewhat. We could keep on reminding you that we aren't "rug pullers," but it feels that we've gotten past that now, doesn't it? We attained over $60m total TVL between our three layers, successfully handled $900k in presale money, transitioned liquidity between three layers on Polygon, and distributed over $900k in dividends while making over $400k in buybacks and simultaneously making large strides in development. Therefore, it seems that we are ready to complete our ascent from the ranks of shitfarms and focus on what else we bring to the table.

From the beginning, we have always known that our tokens would have to transition from relying on hype to fundamental value. Our basic system is well designed: 75% of deposit fees and 50% of all other platform revenue are distributed as BUSD dividends, and 25% of deposit fees and 50% of all other platform revenue are used for yield token AMM price support. However, there needs to be a method to keep fees coming in. Therefore, we have designed several income-producing ancillary contracts to generate platform income. Those are listed in our FAQ, and they have their own sections in the documents under "Platform"!

Besides platform income generation, another issue is the supply expansion rates of both tokens due to emissions. Supply expansion has been a matter of hot discussion throughout the entire history of crypto, and there are many schools of thought on how it should be handled. Because we do not have harvest locks, the situation is somewhat simplified to a matter of how many tokens we emit per block.

Our first layer on Polygon Network, PolyWantsACracker, succeeded with an initial LITHIUM supply expansion rate of 11.5%/day. Emission evolution was introduced in Layer 2, Stadium Arcadium, so we gained the ability to release extra tokens at the beginning to satisfy non-native token depositors who have just paid deposit fees. We combined the initial emission boost with an overall ARCADIUM expansion rate approximately equal to that of LITHIUM. This was also a success, as our native market cap at the end of Stadium Arcadium was $5.3m.

For Darkside Finance, we decided to reduce the overall DARK emission rate to the 4% range for the initial period. We did this because the system was designed to last forever, not just 2 weeks as our previous layers had been. Reducing the emission rate seemed like a way to prevent excessive supply from hitting the market, but in retrospect, it did not really prevent sells from occurring. Instead, it seems that people's expectations were for more rapid emissions, and therefore, people may have concluded that our tokens had less utility simply because less rapid yields could be had. This reminds me of some instances in the past where farm tokens have risen in value following emission rate increases (e.g., Ketchup) or decreased in value following emission rate decreases (e.g., Beta Pulsar).

Unfortunately, the Darkside Finance tokens have become oversold in response to a combination of factors. We could discuss other factors, such as the declining overall fortunes of Polygon Network, but we believe that one factor has been the lower perceived staking utility of the Darkside Finance tokens due to the slower overall supply expansion. Because BSC has many more participants overall than Polygon Network, we believe that a more rapid initial expansion rate may actually be the correct move in this situation, as it could incentivize deposits and staking. Therefore, we are going with an initial supply expansion rate of 20.5%/day for PLUSH on the first day and 14.5% of the initial supply/day over the first 2 weeks!

This gives PLUSH a more rapid emission rate than any of our previous tokens. This is because we would like to err on the side of repaying deposit fees quickly after the lessons learned from the Darkside Finance debut. In conjunction with this, we are also pre-minting the majority of the STB dividend tokens. Another lesson from the Darkside Finance launch was that excessive dividend token emissions through farms and pools are not necessarily a good thing. If too many dividend tokens are emitted as yields, things like autocompounders can create a state of default sell pressure that can be difficult to overcome.

Therefore, we will begin with 85,000 of the total 100,000 STB tokens in circulation, with only 15,000 to be emitted as yields! There will be 7,500 STB emitted during the first 28-day half-life epoch, 3,750 STB during the second half-life epoch, and so on. The majority of STB token distribution to the public will take place during the presale period. So this is literally your only chance to get our BSC dividend tokens in bulk!

In case you needed further incentive to participate in the BUSD presale, BUSD presalers will receive 1/3 of the public tokens for our release on the Fantom blockchain! That's right, we have selected Fantom as our next destination, and everyone participating in the BUSD presale will receive both ownership and yield tokens on the Fantom blockchain! These bonus tokens will be airdropped by our Refund Bot technology to the same address used to contribute BUSD. So, by contributing BUSD to our presale, you get FOUR tokens: ownership and yield tokens on both BSC and Fantom!

We appreciate you joining us on this journey, and thanks for choosing Sugandese Tokens!

Best Regards,

Kurt