What is Evodefi (GENX) | What is Evodefi token | What is GENX token
In this article, we’ll discuss information about the Evodefi project and GENX token
Evolution is coming to yield farming — please welcome eponymous project with features that will take your farming to the next level.
Until now modern approach of well known yield farms stood on entry fees, buys back, burns, lotteries and other mechanisms to improve tokenomics viability. Yet is seems to be not enough for most of the farms to remain sustainable.
Evolution project is the first to introduce elastic emission of token per block making the next step in the yield farming industry. It adds powerful layer to tokenomics and strengthens sustainability of the farm. Emission is tied up to the price of the token — it speeds up when the price goes up and slows down when it drops. Such correlation will significantly improve stability of the farm.
And that’s not it. Can you imagine being part of the project’s team given you’ve been chosen? Upcoming NFT sale would make you ahead of the community and that’s something we will unveil after the pre-sale taking its place on the 9th of April 10am UTC.
Following modern security measures Evolution has removed migrator code and implemented 24-hour time lock on the contract.
Get ready to start your evolution from Neanderthal man to a man of the future — boost your APR by burning NFTs or fuse them into more powerful ones and participate in daily evolution process to get chance to evolve and get ahead of others.
Evolution NFTs
NFTsof different levels can be found in Loot boxes. Here are the chances to get each level:
- 1 lvl — 66%
- 2 lvl — 15%
- 3 lvl — 9%
- 4 lvl — 6%
- 5 lvl — 3%
- 6 lvl — 0.9%
- 7 lvl — 0.01%
To save on transaction fees we recommend opening loot box with 20 NFTs in it.
Once you get your NFTs you have a variety of ways to use it. For starters you can get Burn Bonus Time that will boost your APR by 50% by burning one or all of them at once. Amount of bonus time will be calculated according to the level and amount of NFTs you submit for burning:
- 1 lvl — 1 hour
- 2 lvl — 2 hours
- 3 lvl — 5 hours
- 4 lvl — 11 hours
- 5 lvl — 24 hours
- 6 lvl — 50 hours
- 7 lvl — 120 hours
With one of your NFTs you can join daily Evolution — process when your character (submitted NFT) can evolve to the next higher level. Here’s how your character boosts all your farms and pools based on his level of evolution:
- 1 lvl — 2%
- 2 lvl — 5%
- 3 lvl — 9%
- 4 lvl — 14%
- 5 lvl — 20%
- 6 lvl — 27%
- 7 lvl — 35%
Here’s a simple inforgraphics on Daily Evolution:
To participate you need to stake some GEN token
From the next table you can get an idea of the minimum amount of GEN and corresponding chance to get your NFT evolved and maximum GEN needed to evolve with 100% chance:
In case you successfully evolve you will get GEN prize. In the case of bad luck you loose your staked GEN.
Evolution — Tokenomics
Evolution selects best traits and mixes it together with new mutations and so does Evolution when it comes to tokenomics.
To significantly slow down if not reverse natural course of token price movement Evolution introduces elastic coin per block emission and sets new standard in the industry. This mechanism by itself has enough power to guard equilibrium.
Apart from that other forces will also aim to sustain the balance.
**Fees from farms (4%) **will be usedfor
- buyback 80%
- project promotion and development 20%
Opening loot boxes, trading NFTs and Evolution will burn GEN token
Funds from pre-sale will form initial liquidity pool and driving force for project promotion and development (50/50)
Combining proven approach with evolutionary elastic emission mechanics and packed road map Evolution team aims to become yield farm platform #1
How and Where to Buy GENX token?
GENX token is now live on the Binance and Polygon mainnet. The token address for GENX is 0x9aa18a4e73e1016918fa360eed950d9580c9551d. 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 GENX token
Contract: 0x9aa18a4e73e1016918fa360eed950d9580c9551d
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in GENX token is currently Pancakeswap v2
Find more information GENX
☞ Website ☞ Website 2 ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ 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
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----https://geekcash.org-----**⭐ ⭐ ⭐
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