What is SatisFinance (SAT) | What is Satis Finance token | What is SAT token

What is SatisFinance (SAT) | What is Satis Finance token | What is SAT token

SatisFinance is a fork project from GooseDefi / Fullsail Finance but added a brand new deflationary mechanism called Satisfi Buy-Back Protocol, A.K.A. SBB Protocol. With SBB Protocol, holders of SAT, SatisFinance's native token, will take better advantage. What is SatisFinance (SAT) | What is Satis Finance token | What is SAT token

In this article, we'll discuss information about the Satis Finance project and SAT token

SatisFinance is a brand new DeFi project designed by an experienced development team as the 4th generation deflationary yield farm on Binance Smart Chain.

Besides the buyback burning mechanism introduced by Goose Finance and Fullsail Finance, SatisFinance have implemented unique innovative features to fight against the inflation problem faced by most traditional yield farms and even Goose Finance and Fullsail Finance.

Here are some highlight features that have already been implemented:

  • Automatic Emission Reduction
  • Hybrid Burning Mechanism
  • Buyback Burning
  • Transfer Tax Burning
  • Satisfi Buy Back Protocol
  • Migrator Code Removed
  • Timelock Added at Launch

We are planning to implement more features such as vault and AMM. 

Main Token (SAT)

  • Name: SatisFi Token
  • Symbol: SAT
  • Contract: 0xA1928c0D8F83C0bFB7ebE51B412b1FD29A277893​
  • Chain: Binance Smart Chain (BEP-20)
  • Supply: Unlimited

Emission Rate

  • Initial emission rate: 1 SAT/Block
  • Final emission rate: 0.1 SAT/Block
  • Emission reduction: the emission rate will be reduced by 3% every 9,600 blocks (~8 hours) automatically. (Learn more about our unique automatic emission reduction)
  • 9.09% will be sent to the developer’s address for further partnership & marketing funds

Automatic Emission Reduction

The initial emission rate is 1 SAT per block. And the emission rate will be reduced by 3% every 9,600 blocks (~8 hours) automatically until it reaches 0.1 SAT per block. Unlike other yield farms where developers manually reduce emission rates according to their own wishes, our emission rate reduction logic is coded in the smart contract and will be executed once automatically every 8 hours.

This mechanism will greatly reduce the total supply and make our token rarer. The following charts are comparisons of the total supply and emission rate between SatisFinance and normal yield farms with a fixed emission rate (1 token/block).

Hybrid Burning Mechanism

Buyback Burning Mechanism

  • 4% deposit fee will be charged at staking.
  • 75% (3%) of the deposit fee (4%) will be allocated to buyback SATs and burnt.
  • 37.5% (1.5%) will be allocated to buyback SATs and burnt
  • 37.5% (1.5%) will be allocated to Satisfi Buy-Back Protocol​
  • 25% (1%) of the deposit fee (4%) will be allocated as a dev & emergency fund.
  • Buyback burning will happen upon internal strategy.

Transfer Tax Burning Mechanism

  • Every transaction (send, swap, farming, etc.) of SAT will be charged a 2% transfer tax.
  • 2% transfer tax will be burned directly in every transaction.
  • Use 2.5%+ slippage to buy SAT on PancakeSwap or other AMM. Less than 2% slippage will cause the transaction to fail.

Satisfi Buy-Back Protocol

(SBB Protocol)

Satisfi Buy-Back Protocol, A.K.A. SBB Protocol 👍, is SatisFi’s unique Buy-Back mechanism to incentivize holders with better advantage as well as to deflate SAT circulation effectively.

Parameters

Epoch Duration: 6 hours

Entrance Fee: 5 SAT

Lock-up: 2 Epochs (6~12 hours)

✅ EX) An applicant during epoch 1 will be locked until the end of epoch 2.

Buy-back Reward Explained

After lock-up period passes, each applicants (wallets) will be randomly selected and applied amount will be bought back.

Random selection counts on each apply. (one wallet with 10 applies has 10 odds to be selected)

In case the selected wallet applied less than current buy-back amount, the smart-contract draws another raffle and select another wallet to buy-back. It happens until the current epoch’s buy-back amount drains.

In case the selected wallet applied more than current buy-back amount, only current amount will be bought back and the rest SAT will be returned to the participant.

Igniter Compensation

1st applicant (wallet) on each epoch will be rewarded with buy-back 1 SAT @ current epoch’s buy-back price for gas fee compensation.

To Participate

  • Apply the amount of SAT you want to stake for Buy-Back.

  • Apply at least 11 SAT or above considering the entrance fee

  • In case you win, you can see BUSD amount on ‘Rewarded’ section. You can withdraw anytime and enjoy high ROI on SAT.

  • In case you miss the chance, you can ‘Re-apply’ or ‘Withdraw’ your SAT

  • Re-apply doesn’t cost entrance fee redundantly

  • You can apply with additional SAT repeatedly even before 2 epochs pass.

  • 2% transfer tax is also applied when apply or withdraw SAT.

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

    How and Where to Buy SatisFinance (SAT)?

    SAT token is now live on the Binance mainnet. The token address for SAT is 0xa1928c0d8f83c0bfb7ebe51b412b1fd29a277893. 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 SAT token

    Contract: 0xa1928c0d8f83c0bfb7ebe51b412b1fd29a277893

    Read more: What is Pancakeswap | Beginner's Guide on How to Use Pancakeswap

    The top exchange for trading in SAT token is currently .......... 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 SAT 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 SAT

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    🔺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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