CETF was created by a group of Cardano Enthusiasts and existing Cardano project owners, each bringing to the table not just their experience and unique talents, but their own communities as well. One of our core strengths is that we (CETF) and our partners' existing projects do not compete with one another, but rather compliment and support each other.
CETF functions as a Decentralized Autonomous Organization (DAO). You, the cETF governance token holder get to decide on what projects we should invest in.
We are aiming to be a fully doxxed and over collateralized project in the future. We have begun to deposit 100s of different Cardano Native assets into our various asset pools (pls see below) These assets we hold are going to be used as Collateral for the cETF Tokens in circulation down the road. Their values will be calculated as follows: Adahandles/cNFTs will be counted at their Floor Price only, Low Value/High Risk/ Brand New assets at 10% of their value, and the rest of the asset pool will be counted at 50% of their market value.
-90% of the Total is allocated for the public (DEX/CEX...)
-3% is allocated for Platform Rewards (SPO/ISPO...)
-5% Will be held in our Treasury
-2% is allocated for the Founders and the team, and it is further split
into 50/50, with the first 50% going to the founders (payable over
36 months), while the remaining 50% will be used for reimbursements and payments for additional contributions from the team over time.
CETF is a small DeFi project that holds multiple underlying Cardano Native Assets, rather than only one, or assets from a single segment of the market. It is however NOT a security or a financial investment vehicle, but rather a small "Hybrid" DAO. Please Note: We haven't been audited by an outside agency.
We are a group of Loyal Cardano Fans and developers. Please see our Whitepaper for more info and a up to date list of our current Partners.
As of this time we do not have plans to create a Collection on our own, We may in the future release one as long as they'll offer utilities to our Hodlers. However, for now since several of our partners and projects supporting us do already have their own cNFT Collections, we may use some of those as rewards, or as an alternative, use the cNFTs already held in our asset pool for giveaways...
While we initially had no plans for ICO etc.., we did end up deciding on a short Seed Sale. 7.5% of the total tokens were allocated for the event. Once the sale ended, people voted to keep the faucet open. In the future the cETF Governance Tokens can only be earned or purchased from our Liquidity Pool(s)
While we do have a Discord channel, for now it will only be used for our partners. The best way to reach out is through twitter or through our public forums.