Announcing Clay Nation Collective Zap-in on Minswap Launchbowl.

TLDR; a high level overview of the mechanics of the Collective Zap-in, and details of the upcoming and first ever Collective Zap-in with Clay Nation.

First, what is a Collective Zap-in (CZI)?

The Collective Zap-in is an initiative for projects like Clay Nation to increase their Liquidity on Minswap. CZI Participants are incentivised to supply $ADA, and receive in exchange $ADA/CLAY Liquidity Pool tokens that can be staked with a boost on the Triple Farming rewards.

A more detailed overview of the CZI, its advantages and risks can be found in the following article. The key highlights are compiled below.

Key Highlights of the CZI

  • Protocols such as Clay Nation can use Minswap’s CZI to acquire Protocol Owned Liquidity (POL) and grow their liquidity, making trading and holding $CLAY more attractive.

Steps in the Clay Nation CZI

Pre-Launch

  • A Twitter Spaces with Minswap and Clay Nation on the Clay Nation CZI will be held on Thursday, September 29th at 2 pm UTC (10 am EST time).

Phase 1: Zap-In Phase (10 days or until 3% of $CLAY allocated is maxed out)

  • Starting on October 3rd, anyone will be able to supply $ADA to the CZI and receive clayADA in exchange. This clayADA acts as a receipt, which you will later be able to convert to $ADA/$CLAY LP Tokens and stake them to earn $CLAY, $MIN and $ADA Farming rewards.

Phase 2: Encounter Phase

  • Starting on October 12th, Participants will have to exchange their clayADA for $ADA/$CLAY LP tokens and will receive a Functional NFT.

Clay Nation CZI Details

Clay Nation is an animation arts and culture project founded on Cardano. More information on the Vision of Clay Nation, the Clayverse and $CLAY Tokenomics can be found in their Gitbook.

The key details of the Clay Nation CZI are:

  • Currently (prior to the CZI), the circulating supply of $CLAY is 10.34% of the total $CLAY supply.

Clay Nation CZI Timeline

  • Clay Nation and Minswap CZI Twitter Space: Thursday, September 29th at 14.00 UTC / 10.00 EST.

Disclaimer

Please note that participating in any of Minswap Launch Bowl is a high-risk endeavor and that Minswap is not liable for any losses incurred by using our platform. The project’s information displayed on Minswap Launch Bowl does not provide financial advice or guarantee a return on investment. It is users’ responsibility to do their own research and make their own judgments. Neither Minswap nor the Team are liable for damages caused by users’ decisions. The Participant(s) shall conduct their own due diligence on the Project(s). The Participant acknowledges, agrees, and understands that the Website and the content published herein shall not constitute investment advice, financial advice, trading advice, or any other sort of advice and that the Participant shall not treat any of the Website’s content as such. The Participant alone assumes the sole responsibility of evaluating the merits and risks associated with using any information or other content on the Website before making any decisions based on such information.

The Participants acknowledge, agree, and understand that the Minswap does not, in any way, supervise, direct, or control any of the Projects and does not control, verify, assure, guarantee and warrant that the information provided by the Project to the Participant(s) through the Website are honest, accurate, complete and updated.

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