Introduction

We’re excited to announce a unique opportunity for our community: the sale of $FRTN tokens to bootstrap liquidity on the soon to be launched Cronos zkEVM chain. As the first and largest marketplace for trading NFTs on the Cronos network, Ebisu’s Bay has consistently supported the growth and development of the Cronos ecosystem as we have demonstrated with our expansion into GameFi with Ryoshi Dynasties and DeFi with our DEX. This next initiative not only strengthens our position as a leading protocol in the Cronos ecosystem but also offers a fantastic chance for our supporters to get involved from the ground up.

Why Support the Cronos zkEVM Chain?

Since day one, Ebisu’s Bay has been a cornerstone of the Cronos ecosystem, providing a robust and dynamic platform for NFT trading. The launch of the zkEVM chain represents a significant technological leap, introducing advanced features such as Account Abstraction, Smart Accounts, and Paymasters. These innovations will enable us to offer even more seamless and efficient services to our community. When Cronos Labs approached us to be an official launch partner to support the CroFam with our NFT Marketplace as well as GameFi and DEX we could not turn down the call.

The FRTN Token Sale Details

For a limited time, you can purchase FRTN tokens at a set price of 6 FRTN per 1 CRO (approximately $0.015). Here’s how it works:

• Submission: Contribute your CRO directly to our smart contract. This contract will accurately record your total contributions.

• Airdrop: Upon the launch of the zkEVM chain, you will receive the equivalent amount of FRTN tokens via an airdrop.

• Contribution Limits: The minimum contribution is set at 5,000 CRO. There is no maximum limit per wallet, but the total contribution cap across all wallets is 4 million CRO.

Exclusive Incentives

To make this offer even more attractive, we’re introducing several bonuses for higher contributions which will be deposited to your rewards vault (soon to be withdrawable on either chain):

• 25,000 CRO: Receive an extra 1,000 FRTN.

• 50,000 CRO: Receive an extra 5,000 FRTN.

• 100,000 CRO: Receive an extra 30,000 FRTN.

Additionally, every contributor will receive a commemorative NFT of a Moggy Money Broker, celebrating the launch of Cronos zkEVM. These NFTs will come in four different rarity ranks, corresponding to the contribution tiers mentioned above. The common rank for the minimum contribution, and an additional NFT for each extra tier above. These will be among some of the first stakeable NFTs in our platform on the new chain and as expected will offer unique benefits including brokering you the best gas prices, more on that below!

The Benefits for Non-Participants

Even if you choose not to participate directly, you’ll still benefit from this sale. The funds raised will significantly enhance the liquidity of the FRTN token across multiple chains in the Cronos ecosystem, strengthening the overall market and ensuring a more robust trading environment.

Utilization of Funds

The primary goal of this sale is to establish strong liquidity on the DEX for the new chain. Here’s the breakdown of how the funds will be used:

• 50%: Paired with FRTN on the new zkEVM chain.

• 45%: Allocated to a CRO/USDC pool, crucial for DEX operations.

• 5%: Directed towards business operations.

What is the timeline?

The sale will begin immediately at https://app.ebisusbay.com/zkevm/token-sale and continue through August 16th.

FRTN tokens will be airdropped to participants on the first day of zkEVM operations, ahead of the public bridge opening for FRTN. This ensures our early supporters have immediate access to their tokens and can start engaging with the new chain right away. In the case that the zkEVM chain goes live before the sale is complete airdrops will be done daily which may present unique arbitrage opportunities to participants.

Commitment to Innovation

We have been an integral part of the Cronos ecosystem since its early days, and our commitment to innovation remains steadfast. The zkEVM chain offers better future interoperability, and will allow us to quickly and efficiently support future networks, meeting the evolving needs of our growing community. Shortly after launch we will begin integration of the zkEVM Paymasters which will allow FRTN to optionally be used as the gas token for all transactions on our platform. Additionally, Ebisu's Bay will sponsor transactions partially or in full for certain privileged token holders as well as being able to give discounts to those who pay their gas fees in FRTN. This is just one of the exciting things on the horizon the additional Account Abstraction and Smart Account features will all for us to continue to develop better experiences as well!

Airdrops

The CroFam can expect airdrops for being among the first to make NFT Marketplace, DEX and GameFi transactions on the Cronos zkEVM. Having your FRTN airdropped early will ensure that you are at the top of the list! Of course the more activity always yields more reward. More details on this will come in the future so be sure to follow us for more info!

Clarification on FRTN Supply

It’s important to note that the total supply of FRTN will remain at 1 billion. Tokens bridged to the Cronos zkEVM and other chains will be locked or burnt on one chain to be moved to another. Distributions from this sale and the liquidity provided will come from the ecosystem reserves in our treasury. Only enough FRTN to meet immediate liquidity needs will be available in the bridge while most will remain locked in the Deployer Timelock treasury wallet to help ensure the security of the bridge.

Conclusion

This FRTN token sale is a golden opportunity to be part of the future of the Cronos ecosystem. By participating, you are supporting the growth and stability of the entire ecosystem. Join us in this exciting journey and let’s build a stronger, more innovative blockchain community together.

Call to Action

Don’t miss out on this limited-time offer. Contribute today and secure your place in the future of Cronos zkEVM! Do not wait any longer, join in today! https://app.ebisusbay.com/zkevm/token-sale

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