Frequently Asked Questions
1. The Project
Civilization was inspired by the vision of the great Ryoshi, who envisioned and demonstrated the power of a fully decentralized community with Shiba. That original experiment evolved into a decentralized community with a clear upfront purpose: to disrupt traditional finance and create a source of income for the community external to the ecosystem itself.
Unlike traditional teams and funds, we are a 100% Decentralized (DEX) team, where there is no “them” doing this for “us”. Welcome to becoming part of “us”! It may be a puzzling concept at first, but powerful nevertheless. We are already ~30 active members, and our size continues to expand. Roles and responsibilities are based on each member of the community’s proof of work and proof of stake. The Civilization team is about “we”, not “me”.
Civilization was started in a meeting among friends from different backgrounds and included community builders, crypto enthusiasts and traditional managers. Originally it was privately commissioned to build an automated source of income. However, the system was so interesting that the first friends later decided to donate it to the community entirely. In this way, it can also grow stronger, faster, better, and more sustainable in the long term. If you want to go fast, go alone. If you’re going to go far, go together.
To contribute to the project’s growth, you can buy and hold CIV and support the project with diligent work. Bring friends and qualified investors. Share the project’s news through social channels and through your personal network.
2. $CIV Token
It trades as CIV on Ethereum only, the only fully truly 100% decentralized blockchain. It started with a soft launch and zero marketing budget. It has a fixed supply of 300 million tokens minted and placed in a Uniswap v2 liquidity pool that was burnt forever against the risk of rug pulls. Buying the token is equivalent to getting equity in the fund, which means owning a part of the fund project.
Buying CIV is similar to purchasing shares in a traditional investment fund. However, it has its own attractive but different return profile from investing in the underlying fund; significantly more potential for price upside and more potential price volatility. Please also carefully read other questions regarding the fund. The token performance will eventually be driven by the fund performance through a simple buy-back/burn mechanism. Whereas CIV represents a share in the fund, ETH is invested into the fund.
Yes, no Binance Smart Chain nor others, Ethereum only. Beware of fakes and scammers.
Instructions to buy: https://medium.com/@sator-settler/how-to-buy-dex-tokens-456523fff19
For larger trades, you can also try 1inch: https://app.1inch.io/#/1/swap/ETH/CIV
You can buy on ShibaSwap and UniSwap by clicking the direct links. Then, connect your wallet, complete the transaction, and wait a few minutes for the blockchain to execute your trade. Finally, choose 0.1% for slippage and use the highest setting for gas (“high” in Metamask, for example) to minimize the risk and potential losses from front-running and failed transactions.
There is no hard and fast rule. It may depend on the trade and time of day. However, you can check where you get the best price, and you can also try out 1inch, an aggregator.
Yes, CIV liquidity providers on Shibaswap are rewarded with Bone and CIV.
Our aim is to go live by the end of 2021.
Behind ETH staking on the CIV platform, there’s an innovative automated investment system that scours the entire cryptosphere for opportunities. It’s a fully-fledged ETH investment fund, written into smart contracts.
The initial trading strategy is explained in the following article: https://medium.com/@sator-settler/earning-liquidity-fees-every-day-91ae362ab28a
Further details will be released as development progresses.
Adding liquidity, for example, by providing an equal value of ETH and CIV, means providing funds that are directly retained for making markets and earning fees in exchange for carrying the risk of impermanent loss. Staking on the other hand (e.g. staking ETH on in the CIV fund) means to commit funds for investment elsewhere outside the fund. The risk profiles of these alternatives are fundamentally different.
The fund targets an initial 500% yearly return, which means 5x any tokens staked for a whole year. Initially, its strategy performs at much higher levels, of 0.5%-2.0% per day. However there is no certainty that the strategy can continue to produce such returns for the long term.
No, you will not get a guaranteed return.
The staking is intended as a medium-long term strategy. Still, staked tokens are locked and unlocked daily, to allow rebalancing of the entire portfolio while keeping gas costs low. Therefore, you can book your entry or exit at any time and will have a maximum 24-hour delay before your tokens are invested or divested.
They will remain staked and automatically compound. This means funds are reinvested to ensure the maximum gain until you decide to un-stake them and withdraw them to your wallet.
Targeting such a high return carries unavoidable risks that you should be aware of before committing your tokens. First, the strategy may get replicated and its returns diluted. The underlying technology may get hacked and its money stolen. The entire crypto space may dry out. However we have mitigating mechanisms for each. These include attracting and launching new strategies over time, validating, securing and auditing our technology regularly, and expanding the same smart-contract-based investing outside the world of crypto.
At the exit, the investor receives the money invested plus 80% of any profits. The remaining 20% of profits are used in part (10%) to buy and burn CIV, contributing to the CIV price stability and growth, and the rest (10%) to fund development and marketing expenses. There is no other admin wallet. Except for donations, the project is entirely self-funded by the community and by the fund’s performance so that all incentives are fully aligned. If the fund generates $1m returns, for example, $100k of those will be used to buy CIV, burn them to increase the ratio of ETH to CIV in the ETH-CIV liquidity pool, and thereby increase the value of CIV.
Suppose you un-stake tokens when the fund’s value is lower than at entry. In that case, you will get a proportional share of your invested tokens without paying any commissions. Thus, your capital is at risk, but there is no commission due in case of negative performance.
Yes the burn is related to the tokens bought out of the fund returns (see How are staking returns distributed?). No other token burn is technically possible, as there is no admin wallet and no possibility to mint new CIVs.
It will always be as good as you make it become!