TurboTrix: a step-by-step Procedure

cryptohukes (7)in #turbotrixfinance • 3 years ago

First and foremost, you will be required to provide liquidity on Pancakeswap.com. To do so, navigate to https://exchange.pancakeswap.finance/#/pool and enter your wallet information there.

Then take the following steps:

1. Select “Add Liquidity” from the drop-down menu.

2. Keep BNB as the first input number.

3. Select TTF as input number 2 by copying the TurboTrix Finance Smart Contract Address into the input number 2 text box. 0xa898df02906d40ec81900b3a5ba36ea20d09b7cc

4. Decide how much is in the token you would really like to put into liquidity, keeping in mind that respective value (in USD) must be the same:

5. If you haven't previously, give your approval to the pool and then click on "Supply."

You will get an amount of TTF/BNB liquidity tokens (called CAKE-LP) equal to the amount of liquidity you contributed to the transaction after it has been authorized.

• As soon as you have your CAKE-LP tokens in your wallet, you may go into https://app.tosdis.finance/farming and ensure that you have established your wallet and also specified Binance Smart Chain: X11 as your blockchain of choice.

• TTF Pool may be found under the Unverified Pools section.

• Then take the following steps:

• Approve the Pool Click on the Stake button and pick the maximum amount of money.

• To get free TTF tokens, you must first confirm the transaction (and ensure that you have enough gas to pay for it). Our pool offers an incredible annual percentage yield! (The annual percentage yield is modified in accordance with the size of the liquidity pool.)

• Congratulations, you may now begin earning TTFs on a block-by-block basis!

General Precautions Regarding Liquidity Provision

• In order to ensure liquidity, both tokens must always have the same value in order to be considered liquid. So, for example, if you wish to transfer 100 TTF tokens into a liquidation account with a value of 20$ at the moment, you must also give 20$ worth of BNB tokens in addition to the 100 TurboTrix Finance.

• In order to provide liquidity, it is necessary to be aware of the phenomena of impermanent loss. Impermanent loss occurs when the value of your tokens fluctuates in comparison to the value at when you put them in the pool. The greater the magnitude of the change, the greater the magnitude of the loss.

So, why do liquidity providers continue to offer liquidity if they are exposed to the risk of incurring financial losses? Trading fees, on the other hand, can still be used to offset a temporary loss. In fact, because of the trading costs, even pools that are very susceptible to temporary loss can turn a profit.

• The liquidity mining program will be rewarded with TTF tokens, and these rewards will be divided among all liquidity providers who are staking, thus the APY and payouts will fluctuate in accordance with this distribution.

• One final point: the greater the amount of liquidity available, the healthier the market. This results in reduced volatility on each trade, as well as a significant reduction in the chance of an impermanent loss.

When using TosDis' web app, you may integrate it with four of the wallets that are compatible with PancakeSwap; you will need to do one of these wallets to stake your LP tokens in order to get TTF incentives. These four wallets are as follows:

• Metamask\sTrustwallet

• Mathwallet\sWalletConnect

Official Links For More Information:

Website: https://turbotrixfinance.com

whitepaper : https://www.turbotrixfinance.com/Turbotrix-WhitePaper-V1.pdf

Twitter: https://twitter.com/TurbotrixF

Telegram : https://t.me/turbotrix_finance

Medium : https://medium.com/@turbotrix.finance

Github : https://github.com/TurbotrixFinance

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