What is Jetfuel Finance (FUEL) | What is Jetfuel Finance token | What is FUEL token
About Jetfuel Finance
Introducing Jet Fuel: A Fair-Launch Deflationary Yield Farming Ecosystem On Binance Smart Chain (BSC)
Jetfuel is a yield farming and yield aggregator platform that combines features from the most successful DeFi projects such as Compound, Fry.World, Yearn and Harvest on Binance Smart Chain (BSC).
FUEL: Fair, Deflationary High-Yield Farming
The FUEL token is a deflationary token that burns 1% per transaction. This helps alleviate sell pressure and makes the supply of FUEL more scarce overtime.
In addition, FUEL also funds the Jet Hangar with a 1% tax per transaction. The Jet Hangar is an easy to use staking and governance portal where users can control developments and features.
Jetfuel is a yield farming and yield aggregator platform that combines features from the most successful DeFi projects such as Compound, Fry.World, Yearn, and Harvest on Binance Smart Chain (BSC).
FUEL: Fair, Deflationary High-Yield Farming
The FUEL token is a deflationary token that burns 1% per transaction. This helps alleviate sell pressure and makes the supply of FUEL more scarce over time.
In addition, FUEL also funds the Jet Hanger with a 1% tax per transaction. The Jet Hanger is an easy to use staking and governance portal where users can control developments and features.
FUEL will be distributed by pumping from the Fuel Depot. Pumping will begin in 2 stages:
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Stage 1 is the “fast start” phase with a total emission of ~36,073 FUEL pumped by users. Stage 1 will last for 4 weeks or 864,000 blocks and the accelerated pumping rate is designed to reward early adopters.
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Stage 2 is a normal pumping phase where the pumping rate only changes once per month or 864,000 blocks until 126,000 FUEL tokens have been pumped.
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The Dev Wallet receives 2.5% of every minted FUEL token on the backend of the harvest and will have a total of 3,150 FUEL. This brings the entire supply before burning to 129,150 FUEL.
Initial FUEL Pools
POOL WEIGHT
FUEL/WBNB 65.00%
ETH/WBNB 6.50%
CAKE/WBNB 6.50%
UNI/WBNB 6.50%
LINK/WBNB 6.50%
BUSD/WBNB 4.50%
USDT/WBNB 4.50%
JET: Staking Rewards and Governance
JET is the native governance token of the Jetfuel platform and can be earned by staking FUEL token. It allows users to submit and vote on proposals on the governance page to decentralize the project and put more power within the community rather than the team.
Jet holders will earn all the FUEL produced in the hanger, along with a generous rewards rate as a stand-alone farming pool.
Staking will go live 1 week after launch.
Vault Rewards From the Jet Vault
The Jet Vault allows users to automate and maximize their returns through various Binance Smart Chain protocols using a variety of liquidity provider tokens, staking tokens and other assets that generate positive yield for the user.
The Jet Vaults will automatically harvest, sell, compound and buy tokens for you so you can maximize your returns without lifting a finger.
The first Vault strategy we will introduce is the BUSD/BNB Cake Vault. Here’s an example of how it works:
1. User deposits BUSD/BNB FLIP tokens into the Jetfuel Vault and receives flyCake-LP tokens.
2. The smart contract deposits the flip tokens into the Cake BUSD/BNB Farm
3. The vault harvests the reward token
4. 94% of the rewards token is used to create the LP token
5. 4% of the reward token is sold to buy FUEL and is sent to JETS holders
5. 1.5% of the reward token is sold to WBNB and is sent to the Treasury
6. 0.5% of the reward token is sold to WBNB and is sent to the “Harvest” button pressed
Vaults’ launch date is TBD.
FUEL Ecosystem Development Fund & Accelerator
Jetfuel will use proceeds from the team wallet to jump-start new and exciting projects that seek to integrate the JetFuel platform into their projects.
Roadmap features
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Generous staking using JETS
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Auto-harvesting and yield-optimizing vaults
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Buybacks from automatic FUEL market buying
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Cross-chain support to Ethereum
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Jetfuel Accelerator and Grant program to launch new projects
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Community DAO for governance and to decide on new features
The Jetfuel Team
Our team is composed of 10 experienced entrepreneurs, solidity developers, full stack developers, designers, project managers and marketers. We have over 30 combined years of experience in blockchain and DeFi, and have launched projects that have created millions in value for their respective token holders.
Community Audit on Test Net
Due to the numerous scams and “rug pulls” the BSC community has seen with new farming projects, we want to make sure everyone feels comfortable and completely confident before putting a single BNB into Jetfuel.
That’s why we’re going to deploy everything to test net 2 days before the launch date to give everyone a chance to look over and audit the contract. Please reach out to the admins in the telegram group for your free Test LP Tokens so you can test the pump. The testing pool is “Test Cake-LP”. Please note Total Locked Value and APYs will not be displayed during the Community Audit since there’s no value assigned to the test tokens. Click here to learn how to add BSC Test Net to your Meta Mask.
How and Where to Buy FUEL?
FUEL has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy FUEL
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since FUEL is an altcoin we need to transfer our coins to an exchange that FUEL can be traded. Below is a list of exchanges that offers to trade FUEL in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase FUEL from the exchange.
Exchange: PancakeSwap
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 FUEL 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
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Find more information FUEL
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