What Is Crypto Cricket Club (3Cs)?

What Is Crypto Cricket Club (3Cs)? Complete Guide Review About Crypto Cricket Club.

What Is Crypto Cricket Club (3Cs)?

Staking is an integral part of the Crypto Cricket Club. Investors will stake their PAPA, locking it into the ecosystem and receiving compounding rewards in sPAPA (which will always be exchangeable for PAPA at a 1:1 ratio) generated by bond sales. Over time, the amount of PAPA owned by stakers will increase, bringing more profit and reducing exposure risk.

Crypto Cricket Club becomes less risky and more profitable over time since an increasing share of PAPA will protect investors from negative price action, and given that the protocol ensures a price floor of 1 PAPA per MIM, staking for long enough will guarantee profit.Staking locks your PAPA and gives you an equal balance of sPAPA, which compounds automatically. To unstake, sPAPA is burned for an equal balance of PAPA.

Crypto Cricket Club Storage Key Points

Coin BasicInformation
Coin NameCrypto Cricket Club
Short Name3Cs
Circulating SupplyN/A
Total Supply15,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Staking is the primary value accrual strategy of PAPA DAO

Stakers stake their Crypto Cricket Club tokens on to earn rebase rewards. The rebase rewards come from the proceeds from bond sales, and can vary based on the number of PAPA staked in the protocol and the reward rate set by monetary policy.Staking is a passive, long-term strategy. The increase in your stake of PAPA translates into a constantly falling cost basis converging on zero.

This means even if the market price of PAPA drops below your initial purchase price, given a long enough staking period, the increase in your staked PAPA balance should eventually outpace the fall in price.When you stake, you lock PAPA and receive an equal amount of sPAPA. Your sPAPA balance rebases up automatically at the end of every epoch.

Crypto Cricket Club is transferable and therefore composable with other DeFi protocols. When you unstake, you burn sPAPA and receive an equal amount of PAPA tokens. Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked PAPA (if any) will continue to receive rebase rewards.

Bonding

Bonding is the secondary value accrual strategy of Crypto Cricket Club. When users mint PAPA tokens, they are actually selling their assets in order to buy a bond from the protocol. Minting Actions are a cross between a fixed income product, a futures contract, and an option. The protocol quotes the minter with terms for a trade at a future date.

These terms include a predefined amount of PAPA the bonder will mint and the time when vesting is complete. The bond becomes redeemable as it vests. I.e. in a 5-day term, after 2 days into the term 40% of the rewards can be claimed.

Bonding is an active, short-term strategy

The price discovery mechanism of the secondary bond market renders mints discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking. Allowing users to purchases bonds through Minting allows PAPA DAO to accumulate its own liquidity. They call your own liquidity POL.

More POL ensures there is always locked exit liquidity in your trading pools to facilitate market operations and protect token holders. Since Crypto Cricket Club becomes its own market, on top of additional certainty for PAPA investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.

Initial Network State

A main area of questioning from early community members is $PAPA’s market price. It should be clear that your network is designed to increase supply. This combined with your other mechanics such as staking, bonding and yields can result in volatility.The PAPA team understands that in your growth stage, volatility is expected based on market sentiment, and therefore it is important for individuals to perform their own research (DYOR). The market premium of the token measures the positive sum of the game; all extrinsic value is new wealth created.

Over time, volatility can be mitigated through staking – an increasing share combined with a defined price floor means that there is a level at which profit becomes a mathematical certainty, assuming sufficient profits are generated by bond sales. With tight policy and scale, Crypto Cricket Club should function well as a stable asset. Upward and downward pressures should stabilize at some non-intrinsic value. With loose policy, regardless of scale has the potential to act as a wealth creation machine.