DragonBite announces its first token offering on ZENDIT, MANTRA DAO’s Launchpad

4 min readMay 17, 2021

It’s official! DragonBite will be having its first token offering on ZENDIT, MANTRA DAO’s launchpad. The project was approved by MANTRA DAO’s team today after undergoing an internal vetting.

ZENDIT is a decentralized swapping protocol developed by MANTRA DAO. DragonBite chose MANTRA DAO because the platform has participated in the token launch of some of the top crypto projects in the world, including PolkaFoundry, UniFarm, Raze Network, LABS and Lepricon.

From Monday, May 17th to Monday, May 24th, DragonBite’s community members are invited to join ZENDIT’s whitelist here to get a chance to acquire $BITE tokens in exclusivity before its IDO. Over this period of time, DragonBite will benefit from MANTRA DAO’s networking effect and will use its platform to introduce its project and grow its community. In June, a LIVE AMA will be organised on MANTRA DAO’s YouTube channel so be sure to join us and get to meet the team behind DragonBite and understand how they ambition to revolutionize the loyalty program sector with their dApp.

With 18,000 members on its Telegram’s channel, DragonBite Telegram’s community is growing exponentially. Loyalty programs are part of most people’s daily lives and DragonBite is unlocking new possibilities for non crypto people to experience it. Its dApp allows its users to convert reward points, e-vouchers, gift cards, coupons and in-game assets from loyalty programs supported by 50,000 merchants and subscribed by 1M members.

Will Corkin, Co-Founder of MANTRA DAO and Advisor at DragonBite says ‘’Loyalty points and crypto is one of those amazing cross-over use cases that can have major global implications when done correctly, and after countless discussions with DragonBite and reviewing the platform and partners they already have in place, they are well positioned to grasp this market. As we strive to only bring established and high-potential projects to ZENDIT, we are excited to share and offer DragonBite to our MANTRA DAO Sherpa community.’’

‘’MANTRA DAO allows only the best projects that pass their requirements to launch on ZENDIT. The launchpad is home to a big community of crypto believers who are interested in allocating and supporting innovative project so, it’s an honour for us to be listed on their platform and start our first token offering with them!’’ adds Andy Chen, Strategic Advisor.

How to participate in DragonBite’s whitelisting on ZENDIT?

Join the DragonBite Telegram (https://t.me/DragonBite) and follow its Twitter account (https://twitter.com/DragonBiteDB/
Follow MANTRA DAO (https://twitter.com/MANTRADAO) and DragonBite (https://twitter.com/DragonBiteDB/) on Twitter
Like and retweet the post of the DragonBite token launch on ZENDIT on the DragonBite Twitter page
Complete this entry form before May 24th, 12:00 PM UTC.

After the whitelist closes at 12:00 PM UTC on May 24th, MANTRA DAO will be randomly picking a limited number of Sherpas for each tier who will have access to the pools and will be announcing the winners’ ERC-20 wallet addresses via their Twitter and Official News and Announcements at 10:00 AM UTC on May 25th.

Please note that to guarantee an allocation, shortlisted participants will need to act fast by transferring funds in order to take part in the pool!

Who is eligible to be whitelisted?

MANTRA DAO provides 6 different pools for its community to join DragonBite token offering detailed below.

⚠️ Remember: one wallet can only participate in one tier and cannot participate in multiple tiers.

Tier 0 OLYMPUS MONS

Supplying 188,000 OM on ZENTEREST

Total Pool Allocation Amount: $50,000

Individual allocation amounts will be dependent on the number of eligible participants divided by the total allocation in the pool. Read more on Tier 0 here: https://link.medium.com/IdNAhernLfb

Tier 1 EVEREST

Supplying 50,000 OM on ZENTEREST (zenOM)

Max Allocation Amount: $1,100

Tier 2 ACONCAGUA

Staking 40,000 OM on our old V2 pool or our new V2 pool (sOM), or supplying 40,000 OM on ZENTEREST (zenOM)

Max Allocation Amount: $880

Tier 3 DENALI

Holding 30,000 OM in your wallet, staking 30,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 30,000 OM (zenOM)

Max Allocation Amount: $660

Tier 4 KILIMANJARO

Holding a “100M OM Staked” NFT

Max Allocation Amount: $440

Tier 5 ELBRUS

Holding a MANTRA DAO PolkaPet

Max Allocation Amount: $220

Dragonbite ZENDIT token offering: terms and conditions

Public Round Tokens
First unlock upon TGE on May 31st
25% of tokens to be unlocked on TGE
Linear unlock after the 1st month until the 4th month

DragonBite ZENDIT Pool Details

Token Ticker: $BITE
Token Type: ERC-20
Total Raise Amount: $160,000
Total Available Tokens: 8,000,000 BITE
2 Available Pools: Tier 0 pool, Sherpa pool
Asset Pool Pairs: Tier 0: USDT/BITE & Sherpa pools: USDT/BITE
Total Pool Raise : Tier 0 pool: $50,000, Sherpa pool: $110,000
USD Token exchange offering Price: $0.02

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

About DragonBite

DragonBite is a truly open decentralised Asset Management platform for customers to store and swap all kinds of digital assets in One App with One password. The salient purpose of DragonBite however, is to couple an integrated application and suite of services with a tokenized loyalty rewards system. The combination of these two services is what has resulted in the vision of DragonBite which is “to disrupt the loyalty market with innovative business models and technology”.