TenguSwap is expanding to Polygon — Part II

TenguSwap
3 min readAug 19, 2021

We know how fast things move in DeFi and we are working round the clock to make this expansion as quick as possible and that is why we are announcing today the details of our TenguSwap Polygon Expansion is going to start on 23rd August with the presale phase.

Roadmap:

23rd August: Presale opens for 48 hours (around 1 PM UTC, at block https://polygonscan.com/block/countdown/18315007)

25th August: End of the presale (around 1 PM UTC, at block https://polygonscan.com/block/countdown/18401407)

26th August: Exchange launch, TENGU is tradable on Polygon (around 1 PM UTC, at block https://polygonscan.com/block/countdown/18444607)

29th August: Farming launch (around 1 PM UTC, at block https://polygonscan.com/block/countdown/18574207)

30th August: First blessing launch (around 1 PM UTC, at block https://polygonscan.com/block/countdown/18617407)

Presale Details

Tengu presale price : $0.12

No min buy
Max buy: $1000
Hardcap: $100,000

There will be a maximum of ~1,190,477 TENGU distributed during the presale. 1,400,000 tokens will be minted (for the presale and initial liquidities).

Remaining tokens will be burnt and just like in TenguSwap BSC, tokens will be claimable at launch.

Tengu launch price : $0.15

GTENGU BSC holders benefits

The more GTENGU you hold on BSC the more your discount for the presale will be big :

10K+ GTENGU = 30% discount
5k+ GTENGU = 20% discount
2k+ GTENGU = 10% discount

Presale Funds Allocation

70% will be redistributed to the Blessing Pools (maximum: $70,000)
20% of the funds will be used for the initial liquidities (maximum: $20,000)
10% will be used by the team for marketing (maximum: $10,000)

Blessing Pools Allocation

The allocation for Blessing Pools depends heavily on the results of the presale and will be communicated to the community once we know the results.

Referral Boost

One feedback we got was the referral amount in BSC and we decided to take your feedback and boost the referral to 4%. Both BSC and Polygon will have a referral of 4%. This way you can invite your friends and get 4% off all their earnings for life.

Tax Information

After much consideration and listening to the community, we understood that the previous tax was a bit expensive/too risky for some users and we have decided to lower it. This way we can encourage more users to benefit by becoming a GTENGU investor.

TENGU > GTENGU : No tax!
GTENGU > TENGU : 15%

Transfer tax : 6%
4% of transfer tax will be automatically burned
2% will be converted into GTENGU token and given to the sender of the transaction

Please remember that all the adjustments we will make for Polygon will also be applied to the BSC with exception for the TENGU>GTENGU tax, which we will have to wait till the end of the current blessings so that the current GTENGU holders are not heavily penalized by those changes.

Pools Offering
FARMS:
TENGU/USDC x40
TENGU/WMATIC x24
WMATIC/USDC x5
WETH/WMATIC x3
WETH/USDC x3
USDT/USDC x2

POOLS:
GTENGU x8
TENGU x5
WMATIC x2
USDC x2

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TenguSwap

The New Automatic Liquidity Acquisition Yield Farm on Binance Smart Chain.