What is Viking Swap (VIKING) | What is Viking Swap token | What is VIKING token
Introduction
Viking Swap (VIKING) is the next generation of Automated Market Making (AMM) decentralized exchange with a deflationary governance token model. We are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other features that let you earn tokens.
As with the current wave of second generation yield farms, the aim is to create a perpetual deflation token, the VIKING, with a continual burn mechanism in order to field an environment that can sustain long term gains with consistently high APR for greater earnings.
Features
Burning Mechanism
We have implemented a perpetual burning mechanism that serves as a mechanism to ensure that VIKING is kept consistently high. In particular:
- A 4% burn fee will be charged at staking;
- 80% of the burn fee will be used to buyback VIKING and burn it;
- 10% will be sent to the developer’s address;
- 10% will be held in escrow for Viking Swap, for future projects; and
- We’re in the process of introducing unique Viking NFTs as a further means by which VIKING will be burned so as to keep the value high.
Security
- Timelock added to contract at launch; and
- Removed migrator code (inherited from Pancake swap).
Viking Token (VIKING)
Token Details:
- Ticker: VIKING
- Contract address: 0x896eDE222D3f7f3414e136a2791BDB08AAa25Ce0
- Chain: Binance Smart Chain (BEP-20)
- Supply: Unlimited
Emission Rate:
- 1 VIKING/block;
- 28,800 VIKING/day; and
- 9.09% will be sent to the developer’s address for marketing, dev payout, and to fund future partnership & development (we inherited this model from Goose Finance).
Deflationary Mechanics:
- 4% burn fee will be charged at staking.
Burn:
- 80% of the burn fee will be used to buyback VIKING and burn it;
- 10% will be sent to the developer’s address;
- 10% will be held in escrow for Viking Swap, for future projects; and
- Viking NFT (in progress) will be a fun and unique way to introduce an additional burning mechanism that will not only provide value to Warriors, but keep the value of VIKING high.
Viking NFT
Here at Viking Swap we are constantly innovating to try and introduce new ways in order to bring value to our fellow Warriors, and to keep the value of VIKING soaring to Valhalla (as it rightly should).
Warriors will have the option to trade in their VIKING tokens for a NFT representing a randomly generated Viking Fighter Token (VFT)! Currently, these VFTs will come in 3 rarities: Common, Rare, and Epic, with potential further levels to be introduced later down the line (Legendary Vikings!? Did somebody say Ragn…)
Why would I voluntarily trade in my hard earned VIKING you might ask? Good question! First, our VFTs are awesome! Check 'em out:
Common Viking Fighter
Rare Viking Fighter
Epic Viking Fighter
Second, we’re putting plans in place for you Warriors to be able to trade your VFTs on a secondary market. Additionally, our developers are working on a method in which your VFTs will actually help you in generating additional VIKINGs (they’re fighting for you so why shouldn’t they?)
Overall this creates an additional burn mechanism to our eco-system that not only adds real-world value to our Warriors, but also keeps the value of VIKING soaring to Valhalla! Stay tuned!
How to start farming VIKING?
Sael, Fellow Warrior!
You can farm VIKINGS by providing liquidity to the pools on Viking Swap or by staking your precious coins in the Armory.
In exchange, you get VIKING tokens. Those are stackable (compounded), for extra profit!
- To get VIKING, head to https://exchange.vikingswap.finance/#/swap. If you just want to stake non-VIKING tokens, go to step 3.
You need to connect your wallet. By clicking « Connect » you will be able to see the wallets supported:
Beware, Warrior! Remember to specify that your are on the BSC (Binance Smart Chain), otherwise it won’t recognize it. This is how you do it with TrustWallet on your phone (which is great for phonefarming by the way!):
- Now that the wallet is connected to the swap, you can exchange your tokens for some VIKING.
So many tokens to choose from! But what if I just want VIKING? Write “viking” in the search bar, then:
You can now exchange your token of choice (here we used BNB, but any token is OK!). Bear in mind that you’ll need to save some tokens for the liquidity pool.
Once you’ve chosen, click on « Swap » to confirm your choice:
Great! Your ship is full of VIKING now!
- Now, what if we want to participate in the Farms? Let’s head to the liquidity pool: https://exchange.vikingswap.finance/#/pool
If you wish to farm here, you’ll need to stake an equal value of your two tokens of choice. In this example we will be staking VIKING and BNB. How do you know how many tokens need to be added? Simple, click on « Add Liquidity » and then select your first token (in this example BNB) and then the second token (in this example VIKING):
In the above example, we can see that 5 BNB is matched with 15.8078 VIKING.
You can also click on « MAX » if you wish to use all of your available tokens for that selection. Great! You now know the amount of tokens that need to be staked!
Once you’ve made your choice and are happy you can click on « Supply ».
You’ll see here we’ve staked 0.0373196 BNB with 0.1181902383… VIKING and can see the ratio of VIKING per BNB and vice versa.
- You’ve now got some LP (Liquidity Pool) tokens in exchange for your stake. Time to farm them! Head to the Farms : https://www.vikingswap.finance/farms
You can now select the pool corresponding to the pair you’ve staked (in our example we were staking VIKING and BNB) and click on « Accept Contract » then « Stake ».
Choose the amount you wish to stake and then hit « Confirm »:
This is it! Your VIKING Army is growing from now on!
Looking for more information…
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
Would you like to earn VIKING right now! ☞ [CLICK HERE](https://www.binance.com/en/register?ref=28551372 “CLICK HERE”)
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#blockchain #bitcoin #crypto #viking swap #viking
