What is Blue Swap (BLUE) | What is Blue Swap token

In this article, we’ll discuss information about the Blue Swap project and BLUE token

Why BLUE?

Welcome all painters and creatives of Binance Smart Chain to the inaugural Blue Finance Project. We are a team of experienced software developers and expert UI designers who have a love for the arts (visual and audible) with a strong footing in the blockchain. We present to you a series of projects with a wide palette of colour that spans the rainbow. We are calling all creatives to join us as each project unfolds; from our colour inspired Yield Farming and artistic NFT’s to our collage of painted Lotteries and Launch Pools… Each project has its own distinct colour with ‘Blue Finance’ being our first stroke on the canvas. . Below are a few of the blue inspired features on Blue Finance:-

Core Features

Token Burning Mechanism

To solve the inflation problem that most DeFi projects are faced with, we’ve incorporated a ‘colour’ burning mechanism into our token projects.

Deposit fees (0~4%) will be charged at staking.
Native tokens collected as fees will be burnt
Special features to reduce supply of tokens

Security

Security of our artists’ funds are our first priority so we’ve created an isolated section in our gitbook that goes into detail outlining the solutions we’ve implemented to combat rug pulls and code breaches.

Earn

We’ve created a BLUE token that will be at the centre of our coloured universe which all stakers and farmers can earn.

Continuity

As we’ve seen projects come and go, it’s only the ones with a passionate and succinct vision for the future that prevail. To that end, the Blue token will have a continuous purpose throughout our entire layered ecosystem of projects. There will be airdrops to incentivise longer term hodlers and Blue along with the other coloured tokens will be given utility throughout. Features will include boosting farming power, placing bids during auctions, and colouring tickets to enter the lottery, etc.

TOKENOMICS

$BLUE

Token: BLUE ( 0x36C0556c2B15aED79F842675Ff030782738eF9e8 )

Chain: Binance Smart Chain (BEP-20)

Emission rate:

Reward per block - decreasing continuously starting from 1/ block. Current rate is 0.25/block and will eventually stop completely as the layer goes on.

Deflationary Mechanics:

Farms & Pools will get BLUE depending on the multiplier shown on the top right corner;
10% will be sent to the developer’s address for further development of the platform;
As soon as the lottery is implemented, 20% of the pot will be burned.

Distribution:

Farmers - 90% of the rewards per block (1 BLUE)
Farmers daily - 28800 Blocks/day X Reward per block(0~1)
Devs & Incentives - ~10% of the rewards per block

$GREEN

‌

Token: GREEN (0xa4FB1f591980e6E4eb4661A0D96df19A13D21aA7)‌

Chain: Binance Smart Chain (BEP-20)‌

**Emission rate:**‌

Reward per block - Same with $BLUE. decreasing continuously starting from 1/ block. Current rate is 0.35/block and will eventually stop completely as the layer goes on.

Deflationary Mechanics:

Farms & Pools will get BLUE depending on the multiplier shown on the top right corner;
10% will be sent to the developer’s address for further development of the platform;
As soon as the lottery is implemented, 20% of the pot will be burned.

Distribution:

Farmers - 90% of the rewards per block (1 BLUE)
Farmers daily - 28800 Blocks/day X Reward per block(0~1)
Devs & Incentives - ~10% of the rewards per block

Deflation

$BLUE is the core token of our coloured universe.

Blue reward block will significantly reduce after the Frenzy/Initial period, making it very scarce. We’ve already reduced emission more than half (1 to 0.25) .

We won’t do this without our community’s backing, as halving emissions will also cut the APYs of BLUE farm.

This is a meticulous procedure so we will monitor it and act depending on the market environment.

Eventually, the supply of $BLUE, as well as other coloured layer tokens such as $Green (hint-hint) will be significantly reduced.

Block rewards will keep decreasing while the burning mechanism continues as the ecosystem expands.

BLUESWAP - A CREATIVE INNOVATIVE LAYERED FARMING

Source : https://www.youtube.com/watch?v=l64D1ZrL-W8

How and Where to Buy BLUE?

BLUE is now live on the Binance mainnet. The token address for BLUE is 0x36c0556c2b15aed79f842675ff030782738ef9e8. 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.

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)…

☞ SIGN UP ON BINANCE

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

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy BLUE token

Contract: 0x36c0556c2b15aed79f842675ff030782738ef9e8

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 BLUE 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
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information BLUE

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post is my OPINION and not 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!

#bitcoin #crypto #blue #blue swap

What is Blue Swap (BLUE) | What is Blue Swap token | What is BLUE token