Astake Finance - First Defi Protocol Auto-Staking, Auto-Compounding, Auto-Liquidi

in #crypto • 3 years ago

Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called Astake Finance, so for that, have a look at my article. create below to give you a very good idea of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.

About

Astake provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it’s unique $ASTAKE.

Astake delivers the industry’s highest fixed APY, paid every 10 minutes, and a simple buy-hold-earn system that grows your $ASTAKE portfolio in your wallet at a lightning fast pace. The ASTAKE Auto-Staking Protocol (AAP for short) is a new financial protocol that makes staking easier, more efficient and awards $ASTAKE token holders the highest stable returns in crypto.

AAP gives the ASTAKE token automatic staking and compounding features, and the highest Fixed APY in the market at 614,917.56% for the first 12 months. ASTAKE is a company focused on DeFi innovation that creates benefits and value for ASTAKE token holders. Our ASTAKE protocol that is used within the ASTAKE token grants exceptional benefits for holders of $ASTAKE:

How It 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.

  1. Buy: $ASTAKE using SWAP protocols at BSC Pancakeswap exchanges or similar trading platforms.

  2. Hold: $ASTAKE in your wallet, AAP protocol will reward tokens by rebase mechanism every 10 minutes.

  3. Earn: Hold $ASTAKE for a long time with the highest payout in the crypto market. You will have amazing profits after 1 year.

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.

Astake Insurance Fund

AIF (Astake Insurance Fund) is the acronym for the Astake Insurance Fund which is a separate wallet in Astake's AAP system. The AIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the AIF wallet.

In simple terms, the staking rewards (rebase rewards) which are distributed every 10 minutes at a rate of 0.0166% are backed by the AIF parameter, thus ensuring a high and stable interest rate to $ASTAKE token holders. 3% of all trading fees are stored in the Astake Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

ASTAKE Token

$ASTAKE is a BEP-20 token which rewards its holders with automatic passive interest payments every 10 minutes over the lifespan of 15 years until the maximum supply of 3M tokens has been reached.

Is ASTAKE just another Titano Fork?
Our entire protocol's smart contract was written and developed from scratch from our own competent group of developers. It does not contain any resemblance to Titano's code or operation as ASTAKE works on a completely new set of mechanics which allows for complete protocol sustainability.

We also have several proprietary mechanisms in place that we have created ourselves which offers many improvements over our competition such as; our Astake Auto-Liquidity Engine (AALE), the Astake Insurance Fund (AIF), our Longterm Interest Cycle (LIC), aswell as safeguards in place which secure against malicious hack attempts.
Astake's tokenomics are also completely unique with our Auto-Burn Fire Pit structure, minimal starting supply and lower 10 minute Epoch's for a much more linear APY progression of attainability.

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

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.

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Contact Information

Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
BEP20 Wallet Address: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a

#astakefinance #defiyield #defiproject #bsc #defi #cryptocurrency
3 years ago in #crypto by
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