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Solana NFTs “Le Cougar Clique” to Launch as Cyclos and Solatars Partners -Breaking

by Mike Robinson

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Solana NFTs “Le Cougar Clique” to Launch as Cyclos and Solatars Partners
  • Cyclos is partnering with Solatars to launch NFT collection ‘Le Cougar Clique’.
  • Le Cougar Clique NFTs (all hand-drawn) will be available in a batch numbering 10,000 Cougars.
  • Through a minting ceremony held on cyclos.io, the release of this coin is scheduled for December.

Cyclos announces that it has partnered with Solatars in order to create Le Cougar Clique, a concentrated liquid AMM for Solana. Le Cougar Clique, a NFT drop that is unique and linked to CycloSwap’s DeFi platform. What is the mechanism? Through a ‘culling’ mechanic that deflates the NFT supply to decrease their scarcity, Le Cougar Clique connects NFTs to DeFi.

Cougarnomics refers to the mechanism of deflation. This relies on CycloSwap platform income to use the existing supply of Cougars. Thereafter, 25% of CycloSwap platform fees and also 15% of Cougar sale royalties will be utilized every two weeks to ‘cull’ the weakest Cougars following the mint event.

The platform will then buy back NFTs and destroy them after the mint event is over. It is important to note that Cougars have a liquidity connection. This means that Cougar royalties and one quarter of their proceeds can be used for Cougar purchases. This means that it will be held in liquidity pools and that a significant portion of the CYS token stock is donated to the Cougar Clique DAO.

The team claims that Le Cougar Clique NFT is going to be distributed in 10,000 Cougars. All NFTs will, surprisingly enough, be drawn in collaboration with Solatars. Through a minting competition on cyclos.io, the date will be set for December 1.

Co-founder of Cyclos, Jason O’Brian reveals what Cyclos intends to achieve with Cougars,

Our goal is to link the Cyclos supply with the Cougars. This creates a positive cycle between these products and the communities they serve. The utility cases for Cougars will grow as the Cyclos eco-system expands. We created the Cougar Den as a way for the community, together with the Cyclos Team, to develop future use cases.

Cyclos is Solana’s first automated market maker that concentrates liquidity on Solana. Cyclos can support any type of pair from basic stablecoin-to-stablecoin swaps to highly exotic tokens by utilizing the powerful concept pioneered by V3. By concentrating liquidity, users can select a price point within which they will make market, and in return, receive LP reward with only a small amount of capital.

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