Fortune Cookies (COOKIE)
Users can bake their NEKO tokens into Fortune Cookies (COOKIE) via the Fortune Factory to access key platform rewards. COOKIE is an NEP-141 token that can be exchanged 1:1 back to NEKO any time. Users can deposit COOKIE into the Fortune Cookie Vault to earn protocol fees generated from taxes and baking.
There is a small fee to bake NEKO into COOKIE. The baking fee is deposited into the Fortune Cookie Vault and distributed to staked COOKIE. Baking fees help foster long-term engagement with the vault because staked COOKIE is at a small loss until NEKO is earned to cover the baking fee.
- Deposit 1 NEKO token into Fortune Factory = 1 Fortune Cookie - Fee
- Deposit 1 Fortune Cookie into Fortune Factory = 1 NEKO
NEKO taxes and baking fees are deposited into the Fortune Cookie Vault and rewarded back to the community. Users must stake COOKIE in the Fortune Cookie Vault to access the recycled NEKO rewards generated from taxes and baking.
The NEKO Initial Farm Offering (IFO) is hosted from the Fortune Cookie Vault. Starting at mainnet launch, users that stake COOKIE will earn 5% (500 Million) of the total NEKO token supply over 6 months. This promotional event will encourage users en masse to bake NEKO into COOKIE; facilitating long term participation with the NEKO ecosystem.
Fortune Cookie Vault Diagram