What is Cashcow Finance (CCF) | What is Cashcow Finance token | What is CCF token

In this article, we’ll discuss information about the Cashcow Finance project and CCF token

1. Project introduction

CashCow Finance is an all-in-one DeFi platform designed to allow users to deposit, borrow, and earn on leverage without having to hop from platform to platform. Depositors provide liquidity and earn passive income, borrowers can borrow using collateral quickly and easily, and liquidity miners can mine on leverage to maximise earnings.

CashCow Finance operates on the Binance Smart Chain. Compared to Ethereum, Binance Smart Chain is much faster with fees magnitudes lower. This is crucial in making sure our service is near instantaneous and the blockchain transaction fees are as close to zero as possible.

CashCow team members are composed of senior experts from the financial field and R&D personnel who have been intensively cultivated in the blockchain field for many years.

The project serves users with the greatest sincerity and is committed to creating a star project with good user experience, asset security, stable income, and user interests as the core.

CashCow will start with the lending model, and we plan to release liquidity mining and transaction fee mining modules step by step. We also plan to provide Blockchain Interoperability (Cross-blockchain). This would allow users to shift assets unhindered, thus creating a perfect investment environment.

2. Token introduction

CCF is CashCow platform’s Token name. All users who take part in CashCow will receive some CCF tokens as rewards. CCF tokens will be operating on Binance Smart Chain’s main page, adopting the BEP-20 protocol. CCF tokens are crucial for maintaining CashCow operating systems, it is also the only credential for users to participate in verification projects.

Once the platform is stable, we plan to open up DAO (Decentralized Autonomous Organization) management model. Users will then be able to use CCF token to raise issues and to call for a vote to adjust interest rates and lending parameters or support more crypto coins etc.

Contract address: 0xF823f18d13DF1ffdCed206708D389Dd455Bb802b

3. Token distribution

Max Supply: 100,000,000

The total amount of CCF is set to 100 million, all produced according to block time, without reservation and pre-mining. The release will begin at 15:00, May 20, 2021 (2021-05-20T15:00:00 + 08), Singapore time

  • 36% (36 million) are allocated to the loan mining market, each block generates 0.72 CCF and 20736 CCFs are generated every day
  • 30% (30 million) are allocated to the leveraged mining market, each block generates 0.6 CCF, and 17280 CCF is output per day
  • 8% (8 million) are allocated to the pledge mining market, each block generates 0.16 CCF, and 4608 CCF is output per day
  • 8% (8 million) are allocated to angel investors
  • 8% (8 million) are allocated to the development team
  • 2% (2 million) are allocated as operating funds, used for market expansion/brand building/community maintenance and other operational activities
  • The other 8% will be put into inviter rewards, rewarded to users who have contributed to the promotion of the platform
  • 70% of the platform revenue is put into the repurchase and destruction pool. When the market price is lower than the three-day average price, the smart contract will trigger the execution of the repurchase and destruction operation

How and Where to Buy CCF token?

CCF token is now live on the Binance mainnet. The token address for CCF is 0xF823f18d13DF1ffdCed206708D389Dd455Bb802b. 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.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

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

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap CCF token

Contract: 0xF823f18d13DF1ffdCed206708D389Dd455Bb802b

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

The top exchange for trading in CCF token is currently Pancakeswap v2

Find more information CCF

WebsiteExplorerWhitepaperSource CodeSocial ChannelDocumentationCoinmarketcap

🔺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

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#blockchain #bitcoin #ccf #cashcow finance

What is Cashcow Finance (CCF) | What is Cashcow Finance token | What is CCF token