What is Misoswap Finance (MISO) | What is Misoswap Finance token | What is MISO token
In this article, we’ll discuss information about the Misoswap Finance project and MISO token
Miso - a combination of the best DeFi solutions in perfect proportion
Who doesn’t love a good miso soup? This dish, however, is quite simple: you “just” need to add the best ingredients in the right ratio. Moreover, the choice of ingredients is the virtually unlimited. The difficult part is to choose the right set of products and their ideal proportions. DeFi and yield farming work the same way - you need to combine different tools and allocate funds correctly. And with the Miso project, this will be much easier to do than ever before.
The name Miso was not chosen by chance: at the heart of our project lies reliable, proven and perfectly optimized PancakeSwap tokenomics (with our unique improvements, of course), which is complemented by a wide range of DeFi products and optional solutions. Roughly speaking, in our project, everyone can be a “chef”, making up their own recipe for success, simply adding their favorite products to a proven base.
Miso Base
Miso is both a decentralized cryptocurrency exchange and a yield farming platform, deployed on the Binance Smart Chain blockchain. This blockchain was created by Binance - one of the largest cryptocurrency exchanges on the market. Binance Smart Chain is based on Ethereum, the most popular blockchain in the world of DeFi, but the Binance team has significantly improved it. Binance Smart Chain is faster than its progenitor, has cheaper transactions , and higher throughput and scaling potential. In addition, BSC is supported by a team of professionals who have huge financial and human resources at their disposal. Thanks to them, Binance managed to create the most technically advanced blockchain to date.
The Miso Masterchief contract is a fork of PancakeSwap - one of the most successful and optimized DeFi projects. In fact, his Masterchief contract became the basis for most DeFi platforms in the BSC ecosystem - well-established tokenomics and optimized code provide fork developers with an excellent basis for starting their project. However, no matter how good the PancakeSwap code is, it has a critical vulnerability that most forks repeat - the so-called Migrator code. And in Miso, this vulnerability is eliminated completely.
The Migrator code problem
The migrator code is a fragment of the Masterchief contract of the PancakeSwap protocol, which allows the contract owner to withdraw all funds locked in it at any time to any address in the Binance Smart Chain blockchain. In the PancakeSwap project itself, it is used to administer the development team’s funds, but the situation in forks is much worse.
Scammers quickly realized the opportunities provided by the Migrator code - with its help, you can simply steal all the funds invested by farmers in the project. So scam projects using Migrator code began to proliferate in appalling numbers.
The Miso team does not consider even the very possibility of such fraud acceptable, so in our fork of the PansakeSwap contract, the Migrator code is completely removed. Even the theoretical possibility of theft of farmers’ funds is eliminated.
However, the improvements to the base contract made by the Miso team are not limited to eliminating vulnerabilities alone.
Fair launch
The DeFi industry today suffers greatly from the actions of so-called whales - large investors who buy huge amounts of tokens at the start of projects. Due to this, in the first days and even hours after the launch of the farms, whales accumulate even more tokens (while there are relatively few farmers, the reward for each of them is very large), and then dump the tokens. Whales make a lot of money, the token rate falls and ordinary farmers are forced to count losses.
The fair launch mechanism implemented in Miso does not limit the possibility of buying tokens, but manages the payment of rewards in the first days after the launch of farms - the distribution of rewards is configured so that not only whales, but also ordinary farmers who have blocked small amounts will benefit from a high initial yield. Two weeks after the launch, the distribution mechanism will return to the standard mode.
Burning tokens
Protection against aggressive actions of whales is not the only measure taken by the Miso team to protect the Miso token exchange rate. From possible market disasters, the interests of farmers are protected by a special burning mechanism, which does not allow an excessive number of tokens to appear on the market. How does it work?
In the event that the Miso exchange rate declines, the Miso Masterchief contract buys Miso tokens daily on decentralized exchanges and burns them. This eliminates the oversupply and creates a shortage of tokens. But how does the contract get the funds?
To buy back tokens for burning, funds collected as a fee for placing tokens in pools and farms are used. Exactly half of the fees collected is spent on ensuring the burning of tokens.
The second half is used for marketing purposes (20%), which increases the demand for Miso and contributes to its price growth, as well as in yield farming (30%), the profit from which is distributed among all participants of farms and pools on the Miso platform.
If the Miso exchange rate has not decreased over the past day, then the funds allocated for this purpose are redirected to yield farming.
Additional ingredients
The Miso foundation, as you can see, is exceptionally strong and reliable. However, the main thing in any DeFi platform is the toolset for making a profit. And there are a lot of tools in Miso - everyone can find something to their taste:
- Yield farms
- Miso liquidity pools of Miso paired with a variety of popular stablecoins
- Pools that provide liquidity to partner decentralized exchanges
- Pools that provide liquidity to lending protocols
- Multiple yield aggregators using different strategies, including Miso platform options and partners
- Decentralized Cryptocurrency Exchange
- NFT-marketplace
- Partner farms that allow users to earn both Miso and partner tokens at the same time
Such a variety of tools will allow each user to assemble their ideal Miso - the ideal investment portfolio that best suits their needs and their risk tolerance.
Fair Launch
The DeFi industry today suffers greatly from the actions of so-called whales - large investors who buy huge amounts of tokens at the start of projects. Due to this, in the first days and even hours after the launch of the farms, whales accumulate even more tokens (while there are relatively few farmers, the reward for each of them is very large), and then dump the tokens. Whales make a lot of money, the token rate falls and ordinary farmers are forced to count losses.
The fair launch mechanism implemented in Miso does not limit the possibility of buying tokens, but manages the payment of rewards in the first days after the launch of farms - the distribution of rewards is configured so that not only whales, but also ordinary farmers who have blocked small amounts will benefit from a high initial yield. Two weeks after the launch, the distribution mechanism will return to the standard mode.
Miso Token
General
Name : Miso Token
Ticker : Miso
Contract address : 0xE87e500AB4939E08ae9c9cd2F2815D7FE877df25
Chain : BSC - Binance smart chain
Format : BEP20
Supply : Unlimited (burn mechanism in place and maximum mint per block fixed by the Masterchef)
Emission rate
3 Miso per block --> 3 sec per block on BSC --> 86400 Miso per day
9% of the emission rate send to the dev’s address to fund the team
Initial minted token : 110 000 Miso
Burning tokens
Protection against aggressive actions of whales is not the only measure taken by the Miso team to protect the Miso token exchange rate. From possible market disasters, the interests of farmers are protected by a special burning mechanism, which does not allow an excessive number of tokens to appear on the market. How does it work?
In the event that the Miso exchange rate declines, the Miso Masterchief contract buys Miso Swap tokens daily on decentralized exchanges and burns them. This eliminates the oversupply and creates a shortage of tokens. But how does the contract get the funds?
To buy back tokens for burning, funds collected as a fee for placing tokens in pools and farms are used. Exactly half of the fees collected is spent on ensuring the burning of tokens.
The second half is used for marketing purposes (20%), which increases the demand for Miso and contributes to its price growth, as well as in yield farming (30%), the profit from which is distributed among all participants of farms and pools on the Miso platform.
If the Miso exchange rate has not decreased over the past day, then the funds allocated for this purpose are redirected to yield farming.
Burning Tokens
Protection against aggressive actions of whales is not the only measure taken by the Miso team to protect the Miso token exchange rate. From possible market disasters, the interests of farmers are protected by a special burning mechanism, which does not allow an excessive number of tokens to appear on the market. How does it work?
In the event that the Miso exchange rate declines, the Miso Masterchief contract buys Miso tokens daily on decentralized exchanges and burns them. This eliminates the oversupply and creates a shortage of tokens. But how does the contract get the funds?
To buy back tokens for burning, funds collected as a fee for placing tokens in pools and farms are used. Exactly half of the fees collected is spent on ensuring the burning of tokens.
The second half is used for marketing purposes (20%), which increases the demand for Miso and contributes to its price growth, as well as in yield farming (30%), the profit from which is distributed among all participants of farms and pools on the Miso platform.
If the Miso exchange rate has not decreased over the past day, then the funds allocated for this purpose are redirected to yield farming.
How and Where to Buy MISO ?
MISO token is now live on the Binance mainnet. The token address for MISO is 0xE87e500AB4939E08ae9c9cd2F2815D7FE877df25. 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)…
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 MISO token
Contract: 0xE87e500AB4939E08ae9c9cd2F2815D7FE877df25
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in MISO token is currently Pancakeswap v2
Find more information MISO
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ 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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