What is Volts.Finance (VOLTS) | What is VOLTS token

What is $VOLTS and Volts.Finance?

Volts.Finance is an experimental yield-farming protocol. As much as we love defi and the Uniswap space, just like you guys we are getting both jaded and tired. Project after project is a scam. Project after project does not deliver on their promises. It feels like it never ends, but we at Volts want to do things differently. Simply put, we offer a project that both straightforward and out-of the box complete. We will not set lofty expectations that will never be met, and we will not take advantage of you, our stakeholders. The idea is simple and non-revolutionary - a deflationary store of value that allows holders to generate yield by staking LPs. But what is revolutionary is the environment around the token we hope to foster. We have seen what protocols like MEME can become and what organic growth and a strong community can do, and we wish to do the same. In effect we are taking the core of what protocols like PRINT, KIMBAP and SUSHI did (without the bugs and shady devs) and putting it into a community and environment that will allow it to thrive. We hand the keys over to you and will be a guiding hand in what you make of it.

How will the token distribution be structured?

We will mint 1600 $VOLTS initially

500 tokens will be used for a presale

500 tokens will be used to provide initial liquidity on Uniswap (locked until end of year)

100 tokens unlocked at launch allocated to the community for contribution to the project

100 team tokens locked for a month

We have seen the benefit that only native token pairs and a low emission rate can bring to stabilising the price of a farmable token. Given the base of our ecosystem is a store of value, at launch we will only emit 60 $VOLTS per day, curbing supply inflation. Furthermore, the emission rate and the burn rate are completely adjustable, this means that we can tune the rate at which token supply increases, therefore allowing us to ensure the token as a store of value.

The $VOLTS advantage

Store of value meets deflationary yield farming

Uniswap liquidity locked till end of year

Only $VOLTS-pairs - ensuring the value of the $VOLTS token

Adjustable percentage burn on token transfer to reduce supply inflation

Adjustable token emission rate

No bugs in our code

Split in the ownership of the smart contract between an “owner” and a “minter”, making it impossible for us to mint tokens

100 $VOLTS fund to promote the development of the project

Fully audited smart contracts!

Swap for CHARGED token holders

We are going to mint an additional 400 VOLTS tokens for previous CHARGED holders that qualified in the snapshot. The swap ratio will be 2 CHARGED = 1 VOLTS. We will release the migration smart contract and instructions on how to complete the swap the day after farming is released. A telegram announcement will be made with the precise time that this will happen, shortly after farming release.

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