What is iBNB Finance (IBNB) | What is iBNB Finance token | What is IBNB token

In this article, we’ll discuss information about the iBNB Finance project and IBNB token

What is iBNB?

iBNB is the first dynamic DeFi token, with a reward pool generating protocol built on the Binance Smart Chain. It aims to fix the volume-to-BNB pool refill rate that has seen other tokens lose value during sustained periods of low volume.

iBNB’s main focus is to prioritise the replenishment of the reward pool as much as possible while also maintaining a healthy amount of liquidity in the Pancakeswap trading pool to sustain itself during periods of high and low volume.

The token mechanics can be pictured as followed:

Mechanics

Dynamic Tax Protocol

The Dynamic Tax Protocol (DTP) is a revolutionary new mechanic that adjusts it’s tax rates to sustain and rejuvenate supply pools. DTP refills the liquidity pool when needed and fully prioritises the reward pool when liquidity is healthy.

Reward Contributions

Reward Contributions is a fundamental system design for large claims and transactions to contribute back to the community in an inclusive manner. In order to ensure that every investor gets a fair share of rewards, those with the largest claims contribute a small portion back to the reward pool relative to the size of their claim.

Anti-Dump Mechanism

iBNB is the first token to introduce scaling tax brackets for large sellers. The more an investor sells in one transaction, the more tax will be applied to the transaction, on top of the existing 10% transaction tax. Furthermore, transactions that are expected to disrupt the financial health of the token are rejected in order to protect our investors and maintain economic stability.

Buyback protocol

As the marketing wallet holds 4.5% of the tokens and will receive a significant amount of BNB claims, all claims will be used to buyback iBNB.

Burn protocol

0.1% of every transaction will be redirected as an additional slow burn as additional deflationary aspect to iBNB.

Supply Breakdown

iBNB Supply Breakdown

• Total Supply - 1 Quadrillion
• Circulating Supply - 625 Trillion (62.5%)
• • Private/Presale - 288 Trillion (28.8%)
• • Launch - 337 Trillion (33.7%)
• Marketing - 45 Trillion (4.5%)
• Team - 40 Trillion (4%)
• Burnt - 290 Trillion (29%)

Presale

• Hard Cap - 500 BNB
• Soft Cap - 300 BNB
• Minimum Buy - 0.2 BNB
• Maximum Buy - 2 BNB
• Presale Listing Rate - 500 Billion per BNB
• Pancake Swap Listing Rate - 400 Billion per BNB
• 90% to Liquidity Pool

Roadmap

Q2 2021

iBNB finance project is born

• Team shift focus from previous project to work on a new breakthrough idea
• Expectations vs outcomes weighed up to see if the project is feasible
• Team begin working on the back-end development of contract code as well as website and DaPP integrations
• Stealth marketing campaign dropping small info about the new project in a select number of Telegram channels to allow word to spread organically
• Begin writing the whitepaper getting it ready for Q3

Q3 2021

iBNB website, whitepaper and contract is released

• Contract finished
• Contract Audited
• Website and DaPP functionality completed
• Presale contract live
• Website and Whitepaper Launched
• Team Doxxed
• Real marketing campaign begins
• Global marketing networks begin operation, raising awareness in all continents
• Initial coin sales begin
• Token is publicly tradable on Pancake Swap
• CMC, Coingecko Applications are submitted

Q4 2021

Full steam ahead

• iBNB Fully trading and BNB rewards increasing
• Marketing campaign ramps up
• Website redesign and possible rebranding
• Partnerships
• Starting work on iBNBv2 platform and Dapps

Q1 2022

The world is our oyster

• Finishing up work on iBNBv2 getting ready for launch later on in the year

How and Where to Buy IBNB token?

IBNB token is now live on the Binance mainnet. The token address for IBNB is 0x830f7a104a3df30879d526031d57daa44bf85686. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap IBNB token

Contract: 0x830f7a104a3df30879d526031d57daa44bf85686

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in IBNB token is currently Pancakeswap v2

Find more information IBNB

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Documentation ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #ibnb #ibnb finance