🔥FINFIRE LITEPAPER
Last updated
Last updated
Finance on Fire is a revolution brewing on Pulsechain, where true DeFi Lives! A Finvesta.io product that is here to leave traditional finance in the ashes, leading ahead with our innovation. Our mission is to give back the power of finance to the people without a need for any intermediaries.
Tokenomics - $FINFIRE is our farm's native reward token with a 3% buy/sell/transfer tax that supports both the Finvesta ecosystem and the rise of Atropa Eco's $BFF to its targeted milestones.
1% for rewards in $Finvesta, 1% to buy and burn $∞/$BFF, 1% for $FINFIRE self-burn (to offset inflation). The starting supply is 369 with a daily inflation of 0.76 tokens, hard-capped at 555k total supply.
What makes our tokenomics so special? They are "flexible YET reasonable"...
The emissions are lower than other farms, for good reason. First, it attracts smart investors, with long-term visions, and responsible profit-taking behavior. Second, it brings the focus on a healthy well-supported chart and price. Too many farms have tried to bedazzle people with crazy initial APY/APRs, only to see those quick earnings thrown down the stairs in a wild dump-o-rama - often causing panic and crashing the whole project. $FINFIRE is different, by design.
Our smart contract allows for having the flexibility to do buybacks of any PRC20 token we set before and after deployment. This serves the purpose of a healthy chart - an adaptable token to embrace the realities of yield farming. Clear communication with the ever-growing community gives this feature an impressive ability to avoid surprises, rather than causing them. Finance on Fire is designed to be a rewarding and reliable passive income generator, first and foremost - the capacity to "help the chart" in times of need enhances its long-term value for holders.
The Finance On Fire farm is tailored to maximize the benefits of a "mixed strategy", enabling both the reflection and rewards of "hodling" and the yield from LP farming (rewarded in the native $FINFIRE token). The variety of tokens allowed, as well as their different niches, creates a balancing act within a diversified portfolio.