Bafe.io Protocol: Static Rewards, LP Acquisition, Manual Burn 100% Community-Driven Community driven & fair launch. Dev burned all team tokens and participated in the fair launch with everyone else. Automatic LP Every trade contributes toward automatically generating liquidity locked inside PancakeSwap LP. RFI Static Rewards Holders earn passive rewards through static reflection as they watch their balance of Bafe.io grow indefinitely. Safety Step by step plan to ensure 100% safety.
What is Bafe io
Bafe io is a Binance Safe Chain is a community driven, fair launched DeFi Token.
Features of Bafe.io
Sometimes burns matter; sometimes they don’t. A continuous burn on anyone’s protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed.
The conditions of the automatically burn and the amounts can be advertised and tracked. Bafe.io aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of $BAFE burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point in time.
Automatic Liquidity Pools (LP):
Automatic LP is the secret sauce of $BAFE. Here they have a function that acts as a two-fold beneficial implementation for holders.
- First, the contract sucks up tokens from sellers and buyers alike and adds them to the LP creating a solid price floor.
- Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of $BAFE as a reward for the holders.
In theory, the added LP creates stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the token’s overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply.
As the $BAFE token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function.
All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection tokens. We are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons.
Will Bafe Coin 1000x
Bafe Coin Tokenomics
- Total Supply: 1,000,000,000,000,000
- Burned Dev Tokens: 388,482,743,035,660 (Continue to burned automatically each transaction)
- Fair Launch Supply: 611,178,177,764,738 (Will decrease after each transaction)
- Listing Pancakeswap: 2021-03-31 13:00 PM (UTC)
Bafe io Roadmap
Q1 2021 Protocol Initialized
Bafe io have successfully onboarded and confirmed a $BAFE trading pair with WBNB.
Q2 2021 The Initial Push
Increase brand awareness. Bafe io team size has doubled and their marketing campaign has begun. Listed on Coingecko, CMC. They will be expanding the team. They will be exploring other exchanges (MXC, Okex, Gate, Binance.) Announcement onboarding new Partners. Testing and assessment payments by $Bafe before putting into the launch.
Q3 2021 Holding the Line
Integrates $Bafe as a payment means for E-Commerce Website Services to buy online. The Bafemart integration with tokenomics will also be completed in this quarter. They will begin architecting the NFT Exchange as well as video-game integrations. They will be architecting a crypto educational app as well as onboarding new partners.
Q4 2021 Global Payments
Innovation that Delivers Evaluate and finds more partners for payment integration. Expand the scale of payments to $BAFE. Bafe io finish payments service with Global market. They will start a charity fund and begin a vote on the next project as well. Bafe io will be establishing a $BAFE Scholarship for Crypto and BlockChain training institutions.
Bafe.io employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.
- 5% fee redistributed to all existing holders
- 5% fee added to the liquidity pool and burned
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