Astake Finance - is A cryptocurrency and blockchain

in #astake • 3 years ago

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DeFi has brought on a stir among the savviest of investors, with maximum agreeing that it has provided up a number of the richest possibilities in a revolution of kinds and that cryptocurrency has made greater millionaires during the last decade than ever visible before.By a long way DeFi is displaying opt to turning into the perfect and agreed upon manner to make your cash give you the results you want in an surroundings wherein cryptocurrency holders can lock or stake their tokens and obtain excessive hobby costs that maximum mind had been unachievable. The gear that DeFi businesses use to create those excessive returns are economic algorithms and token staking techniques known as protocols which can be made from Smart-Contracts.Defi 1.zero added numerous variations of those protocols which have attracted billions of greenbacks in capital,and feature in the end constructed a lot of crypto`s pinnacle acting brands. DeFi 2.zero protocols promise token holders extra ranges of simplicity and safety, and elevated constant returns from staking.The builders of Astake have added the Astake Auto Staking Protocol (AAP), a DeFi 2.zero protocol that offers a decentralized economic asset, which rewards customers with a sustainable constant compound hobby version thru the usage of its specific proprietary protocol.which rewards customers with a sustainable constant compound hobby version thru the usage of its specific proprietary protocol.which rewards customers with a sustainable constant compound hobby version thru the usage of its specific proprietary protocol.

How Does Astake Protocol Work?

The AAP Auto-Stake feature is a simple yet cutting-edge function called Buy-Hold-Earn, that provides the ultimate ease of use for $ASTAKE holders.

Buy-Hold-Earn - By simply buying and holding $ASTAKE token in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 10 minutes.

Using a Positive Rebase formula, ASTAKE makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.0166% every 10 minute epoch period of the total amount of $ASTAKE tokens held in your wallet. The rebase rewards are distributed on each EBASE (10 minute rebase period) to all $ASTAKE holders.

This means that without moving their tokens from their wallet, ASTAKE holders receive an annual compound interest of 614,917.56%

APY Fixed

APY stands for Annual Percentage Yield. This measures the real rate of return on your principal amount by taking into account the effect of compounding interest. In the case of ASTAKE, your $ASTAKE tokens represent your principal, and the compound interest is added periodically on every Rebase event (Every 10 minutes), otherwise known as an 'Epoch'.

Your new principal amount is your then current ASTAKE token amount, plus your new rebase token amount. This total amount is what gets calculated for your next rebase rewards.

The Power of Compound Interest - It is important to note that your balance will grow not linearly but exponentially over time. Taking a compound interest of 0.0166% / 10 minutes:

EXAMPLE 1: If you started with a balance of only 1 $ASTAKE on day 1, after a year, your balance will have grown to 6.150,27

Auto-Liquidity Engine

Market Liquidity is of utmost importance and plays a vital role in allowing the buy & sell of $ASTAKE tokens on PancakeSwap.

In layman's terms, think of Liquidity as a big pool of money that is split 50/50 between $ASTAKE tokens VS $BNB tokens. There is a conversion ratio that is set to the amount of $ASTAKE you can get with BNB.

When somebody buys ASTAKE, the price per ASTAKE will go up and the ratio above will also change at the same time to account for this. The same goes in the opposite direction for sells.

Liquidity allows for anybody to buy & sell their ASTAKE/BNB at anytime, however the less money/liquidity there is in the pool, the worse price you get so what our Astake Auto-Liquidity Engine (AALE) does, is add more liquidity to that pool by itself and therefore solving that issue.

How It Work?

Every 24 hours our Astake Auto-Liquidity Engine (AALE) will inject automatic liquidity into the market. On each buy or sell order there is a 3% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol's smart contract is the mechanism which smartly takes the 50% of the amount of ASTAKE stored in the wallet, and will automatically buy BNB at the current market price.

The remaining 50% of ASTAKE in the Auto-LP wallet will be used for the ASTAKE side of liquidity, therefore giving equal an 50/50 weighting of ASTAKE/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool. The AALE will do this every 24 hours

Pre-Launch Sale

Pre-Launch PinkSale: 10th April 2022 14:00 UTC

Pre-Sale Link BUY: https://www.pinksale.finance/#/launchpad/0x0CE5371ABCa4Eec7DfDbA1D3F07992f06544c079?chain=BSC

We will follow a Fair Launch and comply to Fair Launch Rules where everyone will be able to acquire $ASTAKE tokens in an equal way on the PinkSale platform using BNB.

Fair Launch:

Whitelist - There is no whitelisting required. Everybody will have an equal chance to buy $ASTAKE on PinkSale at release time. First come, first serve. Once our Hardcap is reached, there will be no further available investment at the Pre-Launch rate. The only way to buy $ASTAKE will be on PankcakeSwap upon public market release via the $ASTAKE/BNB pair.

PancakeSwap Listing - After initial Pre-Launch funding has completed we will go to market by creating the $ASTAKE/BNB liquidity pair within 36 hours.

Pre-Launch funds will be used to create the PancakeSwap $ASTAKE/BNB liquidity pair. This liquidity will be locked for 15 years via trusted PinkLock.

Tokenomics

Initial Supply - 300,000 Max Supply - 3,000,000 Available to Purchase on PinkSale Pre-Launch - 172,104 $ASTAKE Tokens for Liquidity - 91,215 $ASTAKE

Token Breakdown - 91,215 will be used for PancakeSwap to match 51% liquidity and remaining 36,681 will be used for marketing inc: Bounty Campaign (25,000), Airdrop (5000), Community Giveaways (6,681).

PinkSale Pre-Launch:

Soft Cap - 50 BNB Hard Cap - No limit Minimum Purchase - 0.1 BNB Maximum Purchase - No limit

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This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:

AUTHOR

Bitcointalk Username : erwin_irahim
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1061924
BEP20 Address : 0xc33a8fD9c68F4fEe836E4F83FC8C1A483D318baF

#finance #cryptocurrency #bounty #blockchain #bep20
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