What is Taco Finance (TACO) | What is Taco Finance token | What is TACO token
Introduction
Taco Finance ($TACO) is the new generation of Automated Market Making (AMM) decentralized exchange running on Binance Smart Chain (BSC) and Pancakeswap exchange. The reason we have chosen to run on BSC is because of its low transaction fees and faster speed.
Besides, we would like to offer to all tacos lovers the 2nd generation yield farming mechanism with:
- A deflationary governance token model with a unique burn mechanism to stabilize TACO’s price when there is a massive dump.
- Rewarding and profitable yield
- Timelock contract at launch to avoid Rugpull
HOW DO WE ACHIEVE THIS?
1. Unique Token Burning Mechanism:
5% deposit fee will be charged when you stake in the pool; 4% of the fee will be used to purchase Taco coins and burned to reduce the overall circulating amount of TACOs and stabilize TACO’s price! The remaining 1% will go to the dev fund to improvise and further enhance the platform to make it a long-term and sustainable project.
The burning operation will be done manually to stabilize TACO’s price. However, the frequency is not fixed, as it is subject to if there is any massive dump happening.
2. Rugpull migrator code removed!
Want to sleep soundly at night without worrying your funds will be gone when you wake up the next day? We hear you! We have removed the migrator code (Inherited from Pancake swap) and implemented a timelock of 48 hours upon any contract changes!
In addition, we are using the same code as Goose Finance, which is proven safe and audited by Hacken and Certik.
So what are you waiting for? Come and surround yourself with tacos because everything is better with tacos!
Taco Token ($TACO)
Token Details:
- Ticker: TACO
- Token address: 0x9066e87Bac891409D690cfEfA41379b34af06391
- Chain: Binance Smart Chain (BEP-20)
- Supply: Unlimited
Emission Rate:
- 1 TACO/block;
- 28,800 TACO/day; and
- 9.09% will be sent to the developer’s address for marketing, developer’s payout, and to fund future partnership & development (we inherited this model from Goose Finance).
Deflationary Mechanics:
- 5% burn fee will be charged when you staked in the pool.
Burn Mechanism:
- 80% of the deposit fees will be used to buyback TACOs and all the TACOs purchased will be burned immediately.
- 10% of the deposit fees will be sent to the developer’s address as payouts;
- 10% will be held in escrow for Taco Finance, for future projects; and emergency funds.
- The current burning operation is done manually to stabilize the TACO price. The frequency of the burn is not fixed, as it depends on when there are massive dumps happen.
Timelock
1.Timelock has been added to the MasterChef contract.
Transaction: https://bscscan.com/tx/0xb9a5ff610f5081b6803de19bb08196bf2712c002315f16eeeb387df1bd87cf10
The current delay is 48 hours.
2.Timelock has been added to the TACO Token contract
Transaction:
Ownership transfer tx: 0x745a97a528c35498682ea2d52870b3192f520a8187a1e39890306f14ffd36f82
Ownwership transfer tx: 0x6bb56569a4df9749159f7bb63e67d4afee1cc1a7c5974fad29d91dcc1dc60f80
What is Timelock?
To prevent a developer from minting billions of new tokens, many projects have a timelock on contract, which requires an X amount of hours (it varies on each project) delay time between contract update and contract execution.
In our case, we have implemented a timelock of 48 hours.
How to connect Metamask with Binance Smart Chain?
We have attached a link to Binance academy which you will be able to find the step-by-step guide here :
https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
How and Where to Buy TACO ?
TACO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy TACO
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since TACO is an altcoin we need to transfer our coins to an exchange that TACO can be traded. Below is a list of exchanges that offers to trade TACO in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase TACO from the exchange.
Exchange: PancakeSwap
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 TACO 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
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase
Find more information TACO
☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE
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