What is Bafe Protocol (BAFE) | What is Bafe Protocol token

In this article, we’ll discuss information about the Bafe Protocol project and BAFE token

Bafe.io Protocol: Static Rewards, LP Acquisition, Manual Burn 100% Community Driven Community driven & fair launch. Dev burned all team tokens and participated in the fair launch with everyone else. Automatic LP Every trade contributes toward automatically generating liquidity locked inside PancakeSwap LP. RFI Static Rewards Holders earn passive rewards through static reflection as they watch their balance of Bafe.io grow indefinitely. Safety Step by step plan to ensure 100% safety.

A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in. However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This Is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.

100% Community Driven

Community driven & fair launch. Dev burned all team tokens and participated in the fair launch with everyone else.

Automatic LP

Every trade contributes toward automatically generating liquidity locked inside PancakeSwap LP.

RFI Static Rewards

Holders earn passive rewards through static reflection as they watch their balance of Bafe.io grow indefinitely.

Why Static?

Static rewards solve a host of problems. First, the reward amount is conditional upon the volume of the token being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s. Second, the reflect mechanism encourages holders to hang onto their tokens to garner higher kick-backs which are based upon a percentages carried out and dependant upon the total tokens held by the owner.

Automatically Burns

Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the automatically burn and the amounts can be advertised and tracked. Bafe.io aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of $BAFE burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.

Automatic Liquidity Pool (LP)

Automatic LP is the secret sauce of $BAFE. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor. Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of $BAFE as a reward for the holders. In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply. As the $BAFE token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function. All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection tokens. We are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons.

Road Map

Q1 2021

Protocol Initialized

We have successfully onboarded and confirmed a $BAFE trading pair with WBNB.

Q2 2021

The Initial Push

Increase brand awareness. Our team size has doubled and our marketing campaign has begun. Listed on Coingecko, CMC. We will be expanding the team. We will be exploring other exchanges (MXC, Okex, Gate, Binance.) Announcement onboarding new Partners. Testing and assessment payments by $Bafe before putting into the launch.

Q3 2021

Holding the Line

Integrates $Bafe as a payment means for E Commerce Website Services to buy online. The Bafemart integration with tokenomics will also be completed in this quarter. We will begin architecting the NFT Exchange as well as video-game integrations. We will be architecting a crypto educational app as well as onboarding new partners.

Q4 2021

Global Payments

Innovation that Delivers Evaluate and find more partners for payment integration. Expand the scale of payments $BAFE. We finish payments service with Global market. We start a charity fund and begin a vote on the next project as well. We will be establishing a $BAFE Scholarship for Crypto and BlockChain training institutions.

Tokenomics

Total Supply: 1,000,000,000,000,000 BAFE
Burned Dev Tokens: 424,828,927,278,969 (Continue to burned automatically each transaction)
Fair Launch Supply: 595,172,177,764,738 (Will decrease after each transaction)
BAFE.IO Deflation token, automatic Farming (RFI)

-100% Fair launch, Community driven. Dev burns all of the group’s tokens and participates in the fair launch alongside the others.

-Automatic LP Every transaction contributes to the automatic generation of locked liquidity inside the PancakeSwap LP.

-Automatic Farming (RFI) Holder earns a passive reward through the Hold token BAFE. This reward is automatic.

-BAFE employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.

• 5% fee auto redistributed to all existing holders
• 5% fee add to the liquidity pool and burned

Source : Crypto Pablo

How and Where to Buy Bafe Protocol (BAFE)?

BAFE token is now live on the Binance mainnet. The token address for BAFE is 0x7bb362962F2a4E2089466C79566572B37CFc5D78. 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.

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 $WBNB to your new Metamask wallet from your existing wallet

Next step

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

Contract: 0x7bb362962F2a4E2089466C79566572B37CFc5D78

The top exchange for trading in BAFE token is currently PancakeSwap and Hotbit

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BAFE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com

Find more information BAFE

☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ 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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