INTRODUCING FIREBANK FINANCE
It’s a simplified version of deflation yield farming with a twist.
Well, its pretty quite simple.
When you purchase firebank tokens, you have the oppurtunity to put firebank in a liquidity pool.
When firebank tokens enter the liquidity pool, your tokens are locked until you decide when to withdraw them.
The Balancer will automatically adjust the holding of a pool. Which consists of these three tokens.
1. ETH - Ethereum
2. FRK - Firebank token
3. RRY - Roberry token
We added NFT that can help to boost APY in farming pools. (NFT is the RRY token)
These liquidity pools will help Firebank to yield more which causes deflation to both assets, gaining more ETH.
It will prevent market crash and of course you get three tokens while locking up your assets in a pool.
Everytime Firebank tokens is sold, purchased, and moved to wallet or in a pool. 1% of the total transactional value is permanently burned.
Additionally to the burn function. The pool will continuously buy or sell FRK dependent to the price of its relative tokens.
Since it balances the trades, it will cause more fees, transactions and burns. Thus lowering the supply of Firebank.
HMMMM… YOU’VE PROBABLY WOULD THINKING?
Well, i can say its good for yield farming. You can get more rewards and more earnings while the supply keeps lowering.
Most reports that yield farming got so much problem on minting and hack exploit. It can result to oversupply, market crash and even rugpull.
We dont have the ability to mint or create new tokens. FRK is designed for deflation until all supply is burned out.
The economic value of Firebank token is completely decided by you, the community and forever be that way.
Hoping you would love our project "Firebank".
“Its a simplified deflation yield farming with a difference.”
Useful links
Website: https://t.co/aS5dwJM1R7
Twitter: https://t.co/0H0Bzda5jo
Medium: https://t.co/nLVMijVTsc
Discord: https://discord.gg/jvJ8FVFw8p
Telegram: https://t.me/firebankfinance