What is OlympusDAO (OHM) | What is Olympus token | What is OHM token

In this post, I will try to explain how Olympus works in low complexity terms. I hope it provides you with a good understanding of the problem we’re tackling and how we aim to solve it.

So, what is the problem? That we still do not have an independently valued digital currency. I think it’s pretty well understood at this point that Bitcoin is not a currency; it is money (an asset). The same goes for ETH, and any other “cryptocurrency” out there today. The perfect currency holds the same purchasing power today as in 50 years. It provides a stable and consistent foundation upon which contracts can be formed, financial planning can be done, prices can be marketed; basically, upon which an economy can run. This is impossible in absolute terms, but I don’t think anything out there even comes close to this today.

How are we addressing this problem? With dollar coins (imo incorrectly dubbed “stablecoins”). At the time of writing, there are $38 billion in USD tokens circulating. They have become the primary trading pairs in crypto markets and the most popular assets in DeFi. There’s a strange irony to the fact that the most utilized cryptocurrency is really just a digitized dollar. While functional stablecoins may achieve a stable USD value, that does not mean they’re stable in purchasing power. Their real value changes just like dollars in a bank account, and that value is heavily reliant on the policies of the Federal Reserve and US government, and on the US economy.

Recently, there’s been a wave of algorithmic stablecoins seeking to emulate a dollar peg without collateral (or less than 1:1 backing). I believe we can go a step further. Each iteration in the line of algos has demonstrated different ways of achieving stability, and many of them work! What if we could achieve stability while still maintaining a floating market-driven price? That is Olympus.

How it works:

Each OHM token is backed by 1 DAI in the treasury. However, tokens can’t be minted or burned by anyone except the protocol. The protocol only does so in response to price. When OHM trades below 1 DAI, the protocol buys back and burns OHM; when OHM trades above 1 DAI, the protocol mints and sells new OHM. Because the treasury must hold 1 DAI and only 1 DAI for each OHM, every time it buys or sells it makes a profit. It either gets more than 1 DAI for the sale, or spent less than 1 DAI on the purchase.

The fact that the protocol holds DAI for each token allows us to say with certainty that OHM will not trade below its intrinsic value in the long term. This allows investments to be made with defined risk (1 DAI is your guaranteed long-term price floor), because the protocol can and will buy indefinitely below 1 DAI until no one is left to sell, even if it means supply is reduced to 0. In fact, an event like that would be immensely profitable to those who didn’t sell; they’d end up with a chunk of every token burned.

It is important to understand that OHM does not rebase. Rather, new supply is created via direct sales into the market and burned via direct purchases from the market. This way, OHM remains backed by real assets in the treasury.

Holding DAI to back tokens also creates a yield generation opportunity. We could keep it all locked away in a vault, but that would be a waste. The protocol never needs more than a few percent of reserves on even the largest down days, meaning we are free to utilize the rest. We will plug those assets into yield aggregators and add the proceeds onto profits from buying and selling OHM.

The initial profit distribution will be: 90% to stakers and 10% to the DAO (these allocations will be changed if necessary, as decided by the DAO). All rewards are paid in OHM backed by DAI. This system maintains a stable intrinsic value and reduces the incentive role of appreciation in favor of accumulation, like with real currency: you try to get more dollars, you don’t hope your dollars become worth more (though we do have both).

So, how do I play this? The best way is to buy as close to or below 1 DAI as you can. The distance from 1 is the risk you take on (it’s actually negative below 1!). Regardless of where you buy, you can then stake your OHM or provide it to the Sushi pool as liquidity and bond the LP token. In both cases, you earn a more OHM over time.

**When can I play this? **We are actively in development, targeting a launch in March. We will announce details of our fair launch event closer to then.

A model of the system (excluding treasury yield) at the initial policy state and various prices.

Some additional notes:

This article is intentionally vague on implementation details to avoid front-running. We will share more of the “how” closer to launch. This is merely meant to give you an idea of “what” Olympus is.

There are several stabilization components that we will announce later on. These will allow us to achieve a stable floating price at scale; however, stability is not the goal in this stage as our initial profitability and growth are mainly driven by volatility.

The treasury does not have to be DAI forever. We are starting with it because USD is familiar and common, and we want to minimize complexity in this initial stage. Plus, DAI enjoys some of the highest yields in DeFi. However, down the road I hope to see Bitcoin become part of the treasury. I believe the best currency should be backed by the best money.

A portion of all of the protocols revenues go to the DAO, capitalizing it with real assets. Unlike many projects, we will not have to sell our native token into the market to realize DAO funds, because we always have the option of using their backing.

OHM will be most successful if it is positioned as a USD-alternative primitive for DeFi. We will work hard to get OHM integrated into money markets, DEX pairs, and yield farming protocols. We will also encourage its use as an alternative to holding USD. Eventually, you’ll be able to quote prices in OHM with a reasonable expectation that they’ll remain the same in the future. At that point, we hope to see people flee to OHM as a safe haven during risk-off periods rather than USD. We will do as much as we can to realize this, but ultimately it is a mindset and belief system (like any money or currency) that will rely on the support of you, the community.

So why Olympus (OHM)?

As compared to other algorithmic stable coins, which aims to maintain 1:1 pegged to USD through rebasing. What makes Olympus (OHM) special is that it is an Algorithmic Currency Protocol that aims to retain purchasing power. What this means is that OHM does not necessarily need to be 1USD, its price can be higher based on market demand.

For Olympus case, DAI was chosen the be the first collateral since it is easier to get to most people. There will be other collateral in the future, but I will just be using DAI in my article for simplicity’s sake.

Each OHM token will be backed by 1 DAI in the treasury. The protocol has a burn/mint mechanic.

When OHM trades below 1 DAI, the protocol buys back and burn OHM

When OHM trades above 1 DAI, the protocol mints and sells new OHM.

The protocol profits every time there is a buy or sell.

Most of the DAI in the treasury is also being deployed in yield farming. Which generates even more profits.

These profits will be value-adding to OHM. Initial profit distribution will be 90% to stakers and 10% to DAO.

Bonding:

  1. Add liquidity to OHM-DAI to Sushiswap, 1:1

  2. You will receive OHM-DAI LP tokens.

  3. Go to Olympus website and select ‘create bond’

  4. A price will be provided, and if you accept, you will receive a claim on OHM.

*Benefits of bonding arethat you will get to buy cheaper OHM in the future. Which you can stake to even earn more OHM.

Staking:

  • Stake OHM, receive sOHM at 1:1.

Unstaking:

  • Send sOHM back, and receive OHM at 1:1

So how do I earn?

sOHM will be rebased according to the profits earned by protocol.

Example:

  1. Currently, 100 OHM staked, 100 sOHM outstanding.
  2. Protocol earned $10, which will be converted to 10 OHM.
  3. The 10 OHM will be sent to the contract, which results in 110 OHM staked, 100 sOHM outstanding.
  4. 100 sOHM will be rebased to 110 (10%), which means your sOHM will be increased by 10% as well.

Source : https://www.youtube.com/watch?v=hec_pS0yMbw

What is pOHM?

The paradox of DeFi is we all want great projects that make us money, but no one wants to pay for them. Fair launch is great in spirit, but it’s not feasible in practice.

Prelude

We’ve tried to maintain as much fairness as possible for Olympus. Hopefully that has been clear through the Initial Discord Offering, having a small initial supply, being open with information, and all of our other efforts to keep everyone on a level playing field.

But nothing comes free. Building a solid protocol is hard work, and it requires capital. Audits, development, legal, all of these things need some amount of money to get done. Beyond that, it requires alignment so that contributors feel personally incentivized to give it their all (as we do).

So, we held a private funding round with Zee Prime Capital, Nascent, D64 Ventures, Maven11 Capital, and a few individual investors to bootstrap development. We are very happy with this cohort. Our goal in the round was primarily to bring on funds and individuals we believe can be pivotal to the success of the protocol.

How it works

The private sale was not for OHM. We cannot pre-mine and sell the actual OHM token. If we did, we would need to take $1 per OHM sold in addition to the actual raise to make sure the tokens are backed. This would be really inefficient and capital intensive. So, how did we do it?

Through a sale of pOHM. pOHM is a precursor derivative of OHM; it gives the holder the option to mint OHM by burning pOHM and providing the intrinsic value of OHM. For example, an investor would provide 1 DAI and 1 pOHM to mint 1 OHM.

This makes it similar to an option. pOHM is worth the price of OHM minus intrinsic value, and it only makes sense to redeem it when OHM is above intrinsic value. This ensures that our incentives are aligned to keep the premium alive.

But it doesn’t stop there. pOHM is also vested based on supply. As OHM supply grows, more pOHM become available to redeem. So we don’t get an upfront payoff or an arbitrary date at which tokens have vested. We need supply to grow too.

We believe this creates the most optimal incentive alignment you could ask for. Tokens vest along with supply, and are only redeemed when we trade with a positive extrinsic value. We the team, investors and advisors, don’t only want supply to increase, or price to go up, we want both. And so do you.

The Specifics

Team, investor, and advisor pOHM cumulatively vest as 11.8% of OHM supply. This means that at 1m OHM supply, a maximum of 118k pOHM can be redeemed. At 10m OHM supply, it’s 1.18m pOHM. pOHM holders finish vesting anywhere from 2b to 5b supply, so this is a long term bet. There’s a lot of upside for holders, but it is dependent on actual growth of the protocol.

The breakdown is as follows:

  • Team: 330m pOHM and 7.8% supply
  • Investors: 70m pOHM and 3% supply
  • Advisors: 50m pOHM and 1% supply
  • DAO: 550m pOHM and no supply cap (community can decide that!)

Would you like to earn TOKEN right now! ☞ CLICK HERE

How and Where to Buy Olympus (OHM)?

Olympus is now live on the Ethereum mainnet. The token address for OHM is 0x383518188c0c6d7730d91b2c03a03c837814a899. 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 ETH 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 Uniswap 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 Uniswap Decentralized Exchange and Buy OHM token

Contract: 0x383518188c0c6d7730d91b2c03a03c837814a899

Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap

The top exchange for trading in OHM token is currently Uniswap, Sushiswap and 0x Protocol

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 OHM 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 OHM

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!

Wallet address:

BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c
USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7
DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #ohm #olympus

What is GEEK

Buddha Community

What is OlympusDAO (OHM) | What is Olympus token | What is OHM token

What is OlympusDAO (OHM) | What is Olympus token | What is OHM token

In this post, I will try to explain how Olympus works in low complexity terms. I hope it provides you with a good understanding of the problem we’re tackling and how we aim to solve it.

So, what is the problem? That we still do not have an independently valued digital currency. I think it’s pretty well understood at this point that Bitcoin is not a currency; it is money (an asset). The same goes for ETH, and any other “cryptocurrency” out there today. The perfect currency holds the same purchasing power today as in 50 years. It provides a stable and consistent foundation upon which contracts can be formed, financial planning can be done, prices can be marketed; basically, upon which an economy can run. This is impossible in absolute terms, but I don’t think anything out there even comes close to this today.

How are we addressing this problem? With dollar coins (imo incorrectly dubbed “stablecoins”). At the time of writing, there are $38 billion in USD tokens circulating. They have become the primary trading pairs in crypto markets and the most popular assets in DeFi. There’s a strange irony to the fact that the most utilized cryptocurrency is really just a digitized dollar. While functional stablecoins may achieve a stable USD value, that does not mean they’re stable in purchasing power. Their real value changes just like dollars in a bank account, and that value is heavily reliant on the policies of the Federal Reserve and US government, and on the US economy.

Recently, there’s been a wave of algorithmic stablecoins seeking to emulate a dollar peg without collateral (or less than 1:1 backing). I believe we can go a step further. Each iteration in the line of algos has demonstrated different ways of achieving stability, and many of them work! What if we could achieve stability while still maintaining a floating market-driven price? That is Olympus.

How it works:

Each OHM token is backed by 1 DAI in the treasury. However, tokens can’t be minted or burned by anyone except the protocol. The protocol only does so in response to price. When OHM trades below 1 DAI, the protocol buys back and burns OHM; when OHM trades above 1 DAI, the protocol mints and sells new OHM. Because the treasury must hold 1 DAI and only 1 DAI for each OHM, every time it buys or sells it makes a profit. It either gets more than 1 DAI for the sale, or spent less than 1 DAI on the purchase.

The fact that the protocol holds DAI for each token allows us to say with certainty that OHM will not trade below its intrinsic value in the long term. This allows investments to be made with defined risk (1 DAI is your guaranteed long-term price floor), because the protocol can and will buy indefinitely below 1 DAI until no one is left to sell, even if it means supply is reduced to 0. In fact, an event like that would be immensely profitable to those who didn’t sell; they’d end up with a chunk of every token burned.

It is important to understand that OHM does not rebase. Rather, new supply is created via direct sales into the market and burned via direct purchases from the market. This way, OHM remains backed by real assets in the treasury.

Holding DAI to back tokens also creates a yield generation opportunity. We could keep it all locked away in a vault, but that would be a waste. The protocol never needs more than a few percent of reserves on even the largest down days, meaning we are free to utilize the rest. We will plug those assets into yield aggregators and add the proceeds onto profits from buying and selling OHM.

The initial profit distribution will be: 90% to stakers and 10% to the DAO (these allocations will be changed if necessary, as decided by the DAO). All rewards are paid in OHM backed by DAI. This system maintains a stable intrinsic value and reduces the incentive role of appreciation in favor of accumulation, like with real currency: you try to get more dollars, you don’t hope your dollars become worth more (though we do have both).

So, how do I play this? The best way is to buy as close to or below 1 DAI as you can. The distance from 1 is the risk you take on (it’s actually negative below 1!). Regardless of where you buy, you can then stake your OHM or provide it to the Sushi pool as liquidity and bond the LP token. In both cases, you earn a more OHM over time.

**When can I play this? **We are actively in development, targeting a launch in March. We will announce details of our fair launch event closer to then.

A model of the system (excluding treasury yield) at the initial policy state and various prices.

Some additional notes:

This article is intentionally vague on implementation details to avoid front-running. We will share more of the “how” closer to launch. This is merely meant to give you an idea of “what” Olympus is.

There are several stabilization components that we will announce later on. These will allow us to achieve a stable floating price at scale; however, stability is not the goal in this stage as our initial profitability and growth are mainly driven by volatility.

The treasury does not have to be DAI forever. We are starting with it because USD is familiar and common, and we want to minimize complexity in this initial stage. Plus, DAI enjoys some of the highest yields in DeFi. However, down the road I hope to see Bitcoin become part of the treasury. I believe the best currency should be backed by the best money.

A portion of all of the protocols revenues go to the DAO, capitalizing it with real assets. Unlike many projects, we will not have to sell our native token into the market to realize DAO funds, because we always have the option of using their backing.

OHM will be most successful if it is positioned as a USD-alternative primitive for DeFi. We will work hard to get OHM integrated into money markets, DEX pairs, and yield farming protocols. We will also encourage its use as an alternative to holding USD. Eventually, you’ll be able to quote prices in OHM with a reasonable expectation that they’ll remain the same in the future. At that point, we hope to see people flee to OHM as a safe haven during risk-off periods rather than USD. We will do as much as we can to realize this, but ultimately it is a mindset and belief system (like any money or currency) that will rely on the support of you, the community.

So why Olympus (OHM)?

As compared to other algorithmic stable coins, which aims to maintain 1:1 pegged to USD through rebasing. What makes Olympus (OHM) special is that it is an Algorithmic Currency Protocol that aims to retain purchasing power. What this means is that OHM does not necessarily need to be 1USD, its price can be higher based on market demand.

For Olympus case, DAI was chosen the be the first collateral since it is easier to get to most people. There will be other collateral in the future, but I will just be using DAI in my article for simplicity’s sake.

Each OHM token will be backed by 1 DAI in the treasury. The protocol has a burn/mint mechanic.

When OHM trades below 1 DAI, the protocol buys back and burn OHM

When OHM trades above 1 DAI, the protocol mints and sells new OHM.

The protocol profits every time there is a buy or sell.

Most of the DAI in the treasury is also being deployed in yield farming. Which generates even more profits.

These profits will be value-adding to OHM. Initial profit distribution will be 90% to stakers and 10% to DAO.

Bonding:

  1. Add liquidity to OHM-DAI to Sushiswap, 1:1

  2. You will receive OHM-DAI LP tokens.

  3. Go to Olympus website and select ‘create bond’

  4. A price will be provided, and if you accept, you will receive a claim on OHM.

*Benefits of bonding arethat you will get to buy cheaper OHM in the future. Which you can stake to even earn more OHM.

Staking:

  • Stake OHM, receive sOHM at 1:1.

Unstaking:

  • Send sOHM back, and receive OHM at 1:1

So how do I earn?

sOHM will be rebased according to the profits earned by protocol.

Example:

  1. Currently, 100 OHM staked, 100 sOHM outstanding.
  2. Protocol earned $10, which will be converted to 10 OHM.
  3. The 10 OHM will be sent to the contract, which results in 110 OHM staked, 100 sOHM outstanding.
  4. 100 sOHM will be rebased to 110 (10%), which means your sOHM will be increased by 10% as well.

Source : https://www.youtube.com/watch?v=hec_pS0yMbw

What is pOHM?

The paradox of DeFi is we all want great projects that make us money, but no one wants to pay for them. Fair launch is great in spirit, but it’s not feasible in practice.

Prelude

We’ve tried to maintain as much fairness as possible for Olympus. Hopefully that has been clear through the Initial Discord Offering, having a small initial supply, being open with information, and all of our other efforts to keep everyone on a level playing field.

But nothing comes free. Building a solid protocol is hard work, and it requires capital. Audits, development, legal, all of these things need some amount of money to get done. Beyond that, it requires alignment so that contributors feel personally incentivized to give it their all (as we do).

So, we held a private funding round with Zee Prime Capital, Nascent, D64 Ventures, Maven11 Capital, and a few individual investors to bootstrap development. We are very happy with this cohort. Our goal in the round was primarily to bring on funds and individuals we believe can be pivotal to the success of the protocol.

How it works

The private sale was not for OHM. We cannot pre-mine and sell the actual OHM token. If we did, we would need to take $1 per OHM sold in addition to the actual raise to make sure the tokens are backed. This would be really inefficient and capital intensive. So, how did we do it?

Through a sale of pOHM. pOHM is a precursor derivative of OHM; it gives the holder the option to mint OHM by burning pOHM and providing the intrinsic value of OHM. For example, an investor would provide 1 DAI and 1 pOHM to mint 1 OHM.

This makes it similar to an option. pOHM is worth the price of OHM minus intrinsic value, and it only makes sense to redeem it when OHM is above intrinsic value. This ensures that our incentives are aligned to keep the premium alive.

But it doesn’t stop there. pOHM is also vested based on supply. As OHM supply grows, more pOHM become available to redeem. So we don’t get an upfront payoff or an arbitrary date at which tokens have vested. We need supply to grow too.

We believe this creates the most optimal incentive alignment you could ask for. Tokens vest along with supply, and are only redeemed when we trade with a positive extrinsic value. We the team, investors and advisors, don’t only want supply to increase, or price to go up, we want both. And so do you.

The Specifics

Team, investor, and advisor pOHM cumulatively vest as 11.8% of OHM supply. This means that at 1m OHM supply, a maximum of 118k pOHM can be redeemed. At 10m OHM supply, it’s 1.18m pOHM. pOHM holders finish vesting anywhere from 2b to 5b supply, so this is a long term bet. There’s a lot of upside for holders, but it is dependent on actual growth of the protocol.

The breakdown is as follows:

  • Team: 330m pOHM and 7.8% supply
  • Investors: 70m pOHM and 3% supply
  • Advisors: 50m pOHM and 1% supply
  • DAO: 550m pOHM and no supply cap (community can decide that!)

Would you like to earn TOKEN right now! ☞ CLICK HERE

How and Where to Buy Olympus (OHM)?

Olympus is now live on the Ethereum mainnet. The token address for OHM is 0x383518188c0c6d7730d91b2c03a03c837814a899. 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 ETH 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 Uniswap 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 Uniswap Decentralized Exchange and Buy OHM token

Contract: 0x383518188c0c6d7730d91b2c03a03c837814a899

Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap

The top exchange for trading in OHM token is currently Uniswap, Sushiswap and 0x Protocol

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 OHM 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 OHM

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!

Wallet address:

BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c
USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7
DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #ohm #olympus

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

aaron silva

aaron silva

1621844791

SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

  • The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
  • It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
  • The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
  • It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
  • The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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Angelina roda

Angelina roda

1624230000

How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
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aviana farren

aviana farren

1623836330

Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

  • Dev burned all tokens in the wallet before the launch.
  • Fair launch on DxSale.
  • LP locked on DxLocker for four years
  • LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

  • Stable Rewards
  • Manual Burning
  • LP Acquisition
  • Community Governed Tokens
  • RFI Staking Rewards
  • Automated Liquidity Pool
  • Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

  • The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
  • It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
  • The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
  • It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
  • The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
  • Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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