What is Goose Finance (EGG) | What is Goose Finance token | What is EGG token
If you are familiar with BSC yield farming, you must have heard of the famous food farm like Pancake, Kebab, or even the rug pulled Popcorn swap. All these platforms launched without a proper system like burning mechanism and timelock, and hope people will jump into the pool. We are taking this to the next level. We are now proposing a 2nd Generation yield farming mechanism that allows perpetual price increase with a sustainable and profitable farming yield with a timelock contract at launch!
The problems we are trying to solve:
- Large fund enters and exits creating a significant fluctuation.
- Constant token creation with stable coins without any contribution
- Insufficient token burn
- Rugpull
1) UNIQUE BURNING MECHANISM
- All farms take a 4% burn when you stake.
- 3% will be used to purchase Golden Egg Token and sent into the lottery pool.
- 1% will be used to further develop this platform with other sites
- Promote long term staking
2) OMEGA LARGE LOTTERY POOL
- As 3% of the burn will inject into the lottery, the lottery pot will be so huge that you can retire after winning the first prize.
- 20% of the pot will be burnt to reduce the token circulation further.
3) CONSTANT PRICE PUMP!!
- The 3% burn will be used to purchase Golden Egg from the various liquidity pools.
- For example: If people staked BUSD-BNB LP, 3% of the LP tokens would be used to buy Golden Egg from various Golden Egg pools.
4) HOW ABOUT RUGPULL??
- Removed migrator code (Inherited from Pancake swap)
- Timelock already applied at launch! (6 hours at launch, 12 hours after 1 week)
We are trying to use our knowledge from the gaming industry to build this perpetual yield farming site! This is just our first step, we will be continuously looking for better burning mechanism to make this project great!
Unique burning mechanism — THE INCUBATOR
What we are trying to solve in this yield farming system is that the token inflation gives a disadvantage to latecomers, but Goose Finance is here to provide you the best platform to invest into!
Layered farming — INCUBATOR
We saw that there has been a lot of people searching for new farms to ape into but always scared that there are rugpulls & dumping. We came up with a new plan to launch new farms every 14 days for people to ape-in perpetually, at the same time, solve the inflation issue.
We are proposing a layered farming, THE INCUBATOR. If you saw the film inception, there are different layers of the world. We are creating layered farming.
One new layer token, Layer “X” Goose, will spawn every 14 days. There are two ways we might proceed.
- IDO will happen 1–3 days before the layer farming starts. The conversion of IDO is to bet set at 1:3(To be confirmed). **All the pledged Layer 0 eggs will be burnt. **The initial liquidity price of layers will be set at around 2x of the price of IDO.
- Pledge Layer 0 Egg into a nest that cannot unstake and generates Layer “X” Goose forever.
Omega Lottery Burning Mechanism
-
All farms have a 4% burning fee when you stake
-
75% will be used to purchase Golden Egg and inject into the lottery pool
-
20% of the lottery pool (burning fee + lottery ticket cost) will be burnt
We are working on additional burning mechanism which further reduces the circulation of the supply of tokens.
How and Where to Buy Goose Finance (EGG)?
EGG token is now live on the Binance mainnet. The token address for EGG is 0xF952Fc3ca7325Cc27D15885d37117676d25BfdA6. 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)…
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 EGG token
Contract: 0xF952Fc3ca7325Cc27D15885d37117676d25BfdA6
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in EGG token is currently Pancakeswap, Gate.io, and OpenOcean
Apart from the exchange(s) above, 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 EGG 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 EGG
☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Message Board ☞ Message Board 2 ☞ 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 ⭐ ⭐ ⭐
Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!
#blockchain #bitcoin #crypto #goose finance #egg
