What is GrowthDeFi (WHEAT) | What is GrowthDeFi token | What is WHEAT token
In this article, we’ll discuss information about the GrowthDeFi project and WHEAT token
GrowthDeFi is a decentralized ecosystem that focuses on capital efficiency and maximizing returns through a variety of products.
The goal is to maximize tokenholder value and maintain the best yields and products in the market**.**
The ecosystem is composed of three tokens:
GRO:
GRO is the core token of the ecosystem, it has governance rights over everything, it is deflationary through multiple mechanisms and it gets a share of the revenue from anything that is built.
GRO can be staked for more GRO (stkGRO) or for BNB (GRO Yield).
WHEAT:
WHEAT is the token used to incentivize the products of the GrowthDeFi ecosystem. In exchange, a large portion of the revenues are directed towards buybacking and burning it, the ultimate goal is to make WHEAT deflationary.
gROOT:
gROOT is a diversified way to invest into GrowthDeFi products such as strategy tokens, PMTs and more…
gROOT can be staked in gROOT Harvest for BNB.
Features
Deflationary Mechanisms
All three tokens (GRO, WHEAT and gROOT) share the deflationary aspect because the ultimate goal is driving up demand and reducing the supply, here are some of its deflationary mechanisms:
-WHEAT Buyback Contract (Buybacks and burns WHEAT and GRO)
-stkGRO (Burns GRO)
-GRO Bridge (Burns GRO)
-GRO Yield (Buybacks and burns GRO)
-
gROOT Harvest (Buybacks and burns gROOT)
-
gROOT Treasury (Buybacks and burns gROOT)
Earn
There are many ways to earn within the GrowthDeFi ecosystem:
-Earn WHEAT & CAKE using WHEAT PancakeSwap strategy tokens
-Staking WHEAT
-Providing liquidity to one of the core pairs to earn WHEAT
-Staking GRO into GRO Yield to earn BNB
-Staking GRO into stkGRO to earn GRO
-Staking gROOT into gROOT Harvest to earn BNB
WHEAT Tokenomics
WHEAT Tokenomics:
WHEAT is the token used to incentivize the products of the GrowthDeFi ecosystem. In exchange, a large portion of the revenues are directed towards buybacking and burning it, the ultimate goal is to make WHEAT deflationary.
Contract address (BSC):
0x3ab63309F85df5D4c3351ff8EACb87980E05Da4E
Initial Supply:
10,000 WHEAT matched with 200 BNB for Liquidity purposes
Emission rate:
1 WHEAT/block
Emission distribution:
100% of the WHEAT emissions go towards incentivizing farmers.
There is a 0% team allocation for the emissions.
The short term and long term goals of WHEAT:
Throughout the earliest launch period the emissions of WHEAT are used to incentivize users to deposit their LP tokens into the protocol, the purpose of this is to quickly accumulate large balances in the Fee Collector contracts that constantly buyback and burn WHEAT.
The longer term goal for WHEAT is having emissions of it to continually incentivize the different products offered whilst being deflationary, deflation in WHEAT happens when the buyback contract is buybacking and burning more WHEAT than the emission rate at the time.
WHEAT’s unique sustainable model:
The typical farming uses up any existing revenues to automatically buyback the token, however the point in time where the protocol is making the most revenue is usually also the point at which the token price is the highest, this makes the effective buyback amount negligible compared to the tokens being issued.
When the price of the token eventually crashes down so does the TVL/volume of the protocol and as a direct consequence the revenue of it, the result is that no matter the current state of the protocol it never has enough revenue to buyback more than what it’s issuing.
This is where WHEAT innovates:
WHEAT’s main revenue source comes from deposit and performance fees, the deposit fee builds up the balances of the fee collector contracts very quickly and the user is less likely to withdraw their funds if there is a deposit fee.
The performance fee capitalizes on the higher likelihood of TVL staying within the protocol and generates a more consistent revenue source.
Deposits Fees (Big & Inconsistent)
Performance Fees (Very reliable)
In the case of PancakeSwap strategies this fees are paid in LP tokens, they go to the fee collector contract which in turns harvests CAKE regularly and uses it to buyback WHEAT & GRO.
As a result of this setup the amount of WHEAT being bought back is dependent on the profits generated by all the fee collector contracts, not the direct revenue of the protocol.
This leaves three scenarios depending on what the price of WHEAT does:
Scenario 1 (WHEAT’s price goes down)
Consequences:
-Less Deposit & Performance Fees (Note that even if it’s less it’s still constantly increasing since the LP tokens aren’t used for buybacks, only the CAKE it farms).
-Swap fee growth remains the same
-Amount of WHEAT being bought back up increases inversely to the price drop, example: If all the CAKE being collected is buybacking 3,000 WHEAT/day and the price drops 90% then Buybacks are 10 times more effective and it’d now be buybacking 30,000 WHEAT/day , this is why it is important to have an uncorrelated buyback source to the price.
Scenario 2 (WHEAT’s price stays flat)
Consequences:
-Consistent growth from Deposit & Performance Fees
-Swap Fee growth remains the same
-Amount of WHEAT being bought back up increases overtime as a result of the increase in the balance through deposit/performance fees and the swap fee growth.
Scenario 3 (WHEAT’s price increases)
Consequences:
-Substantial increase in Deposits & Performance Fees
-Swap Fee growth remains the same
-Amount of WHEAT being bought back up goes down but its buybacking power increases faster than in the other scenarios, making it better prepared for when the price stays flat (Scenario 2) or starts dropping (Scenario 1).
The goal of WHEAT is sustainable farming, growth over the long term and being able to incentivize the products of the Growth DeFi ecosystem.
GRO Tokenomics
GRO Tokenomics:
GRO is the core token of the ecosystem, it has governance rights over everything, it is deflationary through multiple mechanisms and it gets a share of revenue from anything that is built.
GRO can be staked for more GRO (stkGRO) or for BNB (GRO Yield).
Contract address:
ETH: 0x09e64c2b61a5f1690ee6fbed9baf5d6990f8dfd0
BSC: 0x336ed56d8615271b38ecee6f4786b55d0ee91b96
Supply Distribution as of 06/04/2021:
Circulating supply of 342,286 GRO
Total supply of 580,977 GRO
Deflationary Mechanisms for GRO:
-GRO Bridge (1.5% of every swap is burnt)
-stkGRO (5% of every stake/unstake is burnt)
-GRO Yield (3% of every deposit/withdrawal is burnt)
-WHEAT Buyback Contract (15% of the revenue this contract gets is used to buyback and burn GRO)
Long-Term goals for GRO
1-Decreasing even further the circulating and the total supply through deflationary mechanisms and additional treasury burns.
2-Increasing the utility and profit-sharing capabilities of GRO through contracts such as stkGRO and GRO Yield.
3-Increasing the revenue sources from which GRO benefits.
gROOT Tokenomics
gROOT:
gROOT is a diversified way to invest into GrowthDeFi products such as strategy tokens, PMTs and more…
gROOT can be staked in gROOT Harvest for BNB.
Contract address (BSC):
0x8b571fe684133aca1e926beb86cb545e549c832d
Supply Distribution as of 06/04/2021:
Circulating supply of 1,840 gROOT
Total supply of 5,000 gROOT
Deflationary Mechanisms for gROOT:
-3% of every deposit/withdrawal in gROOT Harvest buybacks gROOT
-The gROOT treasury buybacks gROOT with part of its cashflow overtime
Long-Term goals for gROOT:
1-Increase the treasury holdings
2-Increase the amount distributed back to gROOT holders through gROOT Harvest
3-Decrease the circulating and total supply
How and Where to Buy WHEAT ?
WHEAT is now live on the Binance mainnet. The token address for WHEAT is 0x3ab63309F85df5D4c3351ff8EACb87980E05Da4E. 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 WHEAT token
Contract: 0x3ab63309F85df5D4c3351ff8EACb87980E05Da4E
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
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 WHEAT 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 WHEAT
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation ☞ 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 ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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