The Schrödinger’s Cat Project Presents $SGR IDO on Bounce Launchpad

Bounce Brand is excited to partner with The Schrödinger’s Cat Project, an AI-generated NFT creation platform for creators, projects, and users. The Schrödinger’s Cat Project proposed a new token standard, ACS-404, that natively achieves the capabilities of digital assets like ERC-20, ERC-721, ERC-1155 and ERC-404 on the aelf blockchain. The first token with the ACS-404 standard is $SGR, and The Schrödinger’s Cat Project is presenting the Initial DEX Offering(IDO) of $SGR on Bounce Launchpad.

The $SGR IDO is set to be live from March 19, 6AM UTC to March 20, 6AM UTC. Two pools are offered: One is a public Staking Auction pool where participants get $SGR allocation by committing $AUCTION tokens, the other one is a whitelist-only Fixed-Price Auction pool exclusive to users who have staked $AUCTION on BounceBit’s Early Access event.

Let’s dive into the details of The Schrödinger’s Cat Project and their $SGR IDO on Bounce Launchpad.

What is The Schrödinger’s Cat Project?

The Schrödinger’s Cat Project is an AI-generated NFT creation platform designed for creators, projects, and users. It transcends the limitations of static digital art by integrating AI into NFTs, granting them dynamic behaviours and emergent properties. Imagine an NFT that evolves through community interaction, creating a unique and engaging experience, where the fate of each NFT is perpetually in flux.

The Schrödinger’s Cat NFTs can also serve as fungible tokens (FTs), enabled by their experimental token standard, ACS-404, on the aelf blockchain. This standard natively achieves the capabilities of digital assets like ERC-20, ERC-721, ERC-1155 and the experimental ERC-404 on aelf. The Schrödinger’s Cat Project pushes the boundaries of what NFTs can be.

$SGR IDO Details

Pool 1: Staking Auction

• Launchpad Page: https://app.bounce.finance/launchpad/schrodinger-staking
• Subscription Time: March 19, 6AM UTC ~ March 20, 6AM UTC
• Total Pool Supply: 30000 $SGR
• Total Raise: 750 $AUCTION
• Token Release Time: March 20, 9:30AM UTC
• Guide: https://docs.bounce.finance/bounce-staking-auction-user-guide

Pool 2: Whitelist Fixed-Price

• Launchpad Page: https://app.bounce.finance/launchpad/Schrodinger
• Live Time: March 19, 6AM UTC ~ March 20, 6AM UTC
• Total Raise: 27000 USDT / 54000 $SGR
• Swap Price: 1 $SGR = 0.5USDT
• Hard Cap per Address: 250 USDT / 500 $SGR
• Whitelist: https://docs.google.com/spreadsheets/d/1O23TYfK4GJgygxOl2PV-LFr2bPb89EN4or2EsQAVlS4/edit
• Token Release Time: March 20, 9:30AM UTC
• Guide: https://docs.bounce.finance/auction-user-guide/fixed-price-auction-guides/participate-in-a-fixed-price-auction

About Staking Auction Pool

When Subscription Period opens, commit $AUCTION to get $SGR. Your $SGR allocation is calculated based on your committed amount — The more $AUCTION you commit, the more $SGR allocation you’ll get.

Even after the total raise is reached, users can still participate and commit $AUCTION until the end of Subscription Period. If the pool is oversubscribed, allocation will be diluted. When Subscription ends, participants can claim your $SGR allocation & the refunded $AUCTION if any.

About Whitelist-Only Fixed-Price Pool

The second pool of $SGR IDO will be a whitelist-only Fixed-Price Auction, exclusive to users who’ve staked $AUCTION on BounceBit.

Snapshot was taken on March 16, 4AM UTC. Users who staked $AUCTION on BounceBit before the snapshot can participate in the Fixed-Price pool and get $SGR at the price of 0.5 USDT per $SGR. This pool will be first come first serve, where the hard cap for each whitelist address is 250 USDT.

$SGR Tokenimics

• Token Name: Schrodinger
• Token Symbol: SGR
• Max Supply：21,000,000
• Token Type: ERC 20
• Smart Contract Address: https://etherscan.io/address/0x478156deabfac918369044d52a6bdb5cc5597994

Token Distribution:

• Credit Mining, 94%: Mining for 5 years, adjusted based on the growth and changes in credits.
• IDO+IEO, 1%: 100% vested on TGE
• Team, 2%: 1-year cliff, with 12-month vesting.
• Marketing, 2%: For marketing purposes. This includes a 1% allocation for a presale round to KOLs. 20% of KOL purchased tokens during the presale round will be unlocked during TGE. This is followed by a 3-month cliff with 6-month linear vesting.
• AirDrop, 1%: For community collaborations with top projects such as AI, 404, etc.

The Schrödinger’s Cat Project’s Vision & Goals

“Existing token standards like ERC-20 (fungible) and ERC-721 (non-fungible) have limitations. ERC-20 lacks the unique identity of NFTs, while ERC-721’s rigidity restricts fractional ownership and liquidity. We propose a novel idea inspired by (but surpassing) both the unofficial and experimental ERC-404 and Inscription.

This experimental ACS-404, with AI integration, on the aelf blockchain enables:

• Fractional ownership: Own portions of an NFT, unlocking liquidity and wider participation.
• Evolutionary gameplay: NFTs evolve based on AI algorithms and community interaction.
• Undo functionality: Change your mind? Revert actions like minting or evolving an NFT. We envision a future where NFTs are not just static art, but dynamic, interactive experiences that bridge the gap between art, gaming, and DeFi. This is our Meow-nopoly moment, and we invite you to join us in shaping the future of NFTs.

We want to establish a functional, purposeful, and usable 404 function for the whole blockchain community. Our project aims to eventually create a platform for all creators to build their own AI-powered dynamic 404 NFT collection.”

The Schrödinger’s Cat Project Roadmap

End of Week 12

• Launch NFT collection.
• Launch Gitbook.
• Reveal the details of the minting process, including date, time, and pricing.

End of Week 13

• Reveal tokenomics of $SGR.

End of Week 14

• Release a comprehensive minting guide through all community channels, detailing step-by-step instructions and requirements for participation.

End of Week 15

• Build a platform for creators to build their own AI-powered dynamic NFT collection.
• Introduce a rewards system for active traders and creators of the platform.

End of Week 16

• Bring on 3 established creators to launch their collection on the platform.

End of Week 17

• Host our first community AMA.

End of Week 18

• Launch Schrödinger’s Cat merchandise.

About Bounce Brand

Bounce Brand is a prominent decentralized platform dedicated to delivering: BounceBit, building a BTC restaking infrastructure; Bounce Auction, onchain decentralized auctions; BounceClub, an all-in-one Web3 space simplifying smart contract deployment on BounceBit — all tailored for the Bitcoin ecosystem. Committed to enhancing Bitcoin’s smart contract functionality, Bounce Brand strives to empower transformative growth within the blockchain landscape.

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