What is Caramel Swap (MEL) | What is Caramel Swap token | What is MEL token
Caramel Swap — A new DEX on BSC which has everything to take off
The DEX’s are becoming very popular recently, with the offer of pools and farms which create engagement and contribute to the strengthening and evaluation of currencies, while providing profits for investors.
The Carmel Swap has a 3rd Generation yield farming mechanism that allows perpetual price increase with sustainable and profitable yield farming. They even added a Timelock to the contract at the launch, besides numerous new features.
On their way to building a safe and solid environment that conveys confidence, attracts buyers, and creates engagement for the platform, they dedicated themselves to protecting it and its investors from chronic problems for the DEX’s.
This is how they face the obstacles imposed by the challenging and innovative scenario in which this type of business is inserted, applying precise solutions that guarantee a stable, fun, and profitable environment.
The challenges
Inflation destabilizes the market and leads to unfavorable distortions that compromise the development of investments, and the financial health of currencies. In addition, the possibility of a Rug Pull is something that everyone who wants to trade in innovators DEX’s is concerned with.
With that in mind, they have taken actions to make the platform fun and to guarantee that it has a unique personality, so it can become a reference in an affordable and solid farm, protected against malicious speculation.
To achieve this, they made changes to the contracts, to avoid or prevent problems, and also to make the platform more interesting, by working on the following themes:
- Large movements of funds entering and exiting, which end up creating a significant price fluctuation.
- The creation of constant tokens, with stable currencies without any contribution.
- Insufficient token recording.
- The threat of Rug Pull
- Lottery updated.
- Insertion of a Hybrid Burning Mechanism.
- Automatic emission reduction.
- BuyBack tokens burning.
How they deal with it
To maintain control over inflation, they have a Hybrid Burning Mechanism, capable of keeping the price regulated and compatible with reality, and consistent with the financial premises that guarantee the health of the currency and the farm.
- All farms charge a fixed deposit fee of just 4% when you stake;
- With 3% of this being used to buy $MEL, and then burn it.
Rug Pull, which is one of the biggest fears of investors, is avoided with the use of two simple but relentless strategies, which provide a lot of security for those who want to take advantage of the farms and pools.
- The Migrator Code has been removed;
- And Timelock was added to the contract at launch.
What they are planing
With these actions, they are on their way to establishing the guidelines that will lead to the creation of one of the best Dex’s in the market, offering good results for investors, with farms and pools that are extremely rewarding, in a fun, safe and solid environment.
Many other new features are yet to come, such as the inclusion of new pools and farms with different currencies. To receive first-hand news about Caramel Swap, just follow it on Twitter, and join their group on Telegram.
The project is solid and they seem to be alert, doing a good job so that Caramel Swap became a booster to the market value of MEL, generating profit in a stable and safe environment. Keep an eye on this new DEX!
Hold $MEL tokens to get into the best POOLS
Hold $MEL to access the Pools with the highest APR. This new modality of Farm allows the biggest incentives to have bigger gains.
Why choose Caramel Finance
In addition to the above reasons, here are the notable points of Caramel Finance.
- **_Fair Launch: _**There is no token pre-sale, no ICO.
- 80% of the initial supply is added to liquidity
- Low deposit fee: 0% with Caramel, 4% with other Tokens, Lp
- Transparency
- New Features
- New Lottery
Tokenomics
We did our best to be bug free with our contracts and modified our MasterChef contract to remove the infamous migrator code (RUGPULL code).
Contract audits are in pipeline once we go live. Rest assured we did our best keep our contracts safe.You can check our contracts on bscscan or in our github repo.
Token: CARAMEL
Ticker: MEL
Contract Address: 0x7ce1e651374ec5324e6f37c4ff312D53428F0D50 Chain: Binance Smart Chain (BEP-20)
Emission rate: Starts with 7 MEL and goes down to 3 Mel per Block.
Initial Supply: 20.000.000 MEL ( 20 Million MEL )
- Reward per block Start: 7 MEL.
- Reward per Block After Halving: 3 MEL
Emission Distribution: Initial Farm/Pools get 7 MEL rewards per block, devs get 0.1 MEL rewards per block and will go down to 3 MEL per block for Farms/Pools. In addition, we may make adjustments to suit reality, to ensure a stable and increasing MEL price.
Distribution
- Farmers — 95% of the rewards per block (6.65 MEL)
- Devs & Incentives — ~5% of the rewards per block (0.35 MEL)
- Initial LP — Initial liquidity will be added for MEL-BNB by the dev 1 day before the farming starts
Fees:
Caramel Finance collects a 4% deposit fee to periodically purchase MEL on the market and burn them. This will reduce the supply and pump your bags!
_DEV WALLET: _0xAB16684c039C121EEcaECfe51Fb827DBc92Fe9e6
Below Are Some of the Mechanisms and Security Features That Apply in this Project
- _Hybrid Burning Mechanism: _Buyback Burning & Transfer Tax Burning (2% transfer tax will be burned on each transaction)
- Reducing emissions in stages
- Migrator Code has been removed
- Use Timelock as owner of Masterchef
- Hold $MEL tokens to get into the best POOLS
How and Where to Buy Caramel Swap (MEL)?
MEL token is now live on the Binance mainnet. The token address for MEL is 0x7ce1e651374ec5324e6f37c4ff312d53428f0d50. 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 MEL token
Contract: 0x7ce1e651374ec5324e6f37c4ff312d53428f0d50
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
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 MEL 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 MEL
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ 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 ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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