Forever Diminishing Supply
With every transaction the Total Count goes down. When you buy/sell/transfer any PFY token, 10% is deducted and distributed as follows:
- 4% goes to Farming Rewards for next day.
- 1.5% goes to PFY holders.
- 2% goes to the Impermanent Loss Insurance fund.
- 2% gets burnt.
- 0.5% goes to team & marketing.
No Minting, Profitable Farming
Every farming project mints (often, an unnatural amount of) tokens to reward the farmers. This increases Total Supply (TS). At PolyDefy, we don't mint EVER!
The reward for farmers come from the trade volume of the previous day. For example, if a total of 50,000 PFY were bought/sold/transferred yesterday, today the farm rewards will be 4% of 50,000 PFY, i.e. 2000 PFY.
The same method can be used to calculate Holder Reward, ILI fund, Burn etc. Say NO to Inflation, YES to PolyDefy.
Never make IL again
Impermanent Loss Insurance
Hate to Farm because you always end up making Impermanent Loss? Not Anymore! At PolyDefy, every trade sends 2% to the Impermanent Loss Insurance (ILI) which covers you from the potential loss.
PolyDefy Tokenomics is carefully designed but if you still end up making IL, this fund will automatically cover your losses and send you the amount which nullifies your loss.
- Fair Launch on Quickswap
- Core Farming
- CoinGecko & Coinmarketcap Listing
- Impermanent Loss Insurance
- Partner Farming
- Official Listing on Major Dex (Expected)
- Tangible Value NFT Launch
- Launch on Major CEX (Expected)
Frequently asked questions
Whats the total supply of PFY tokens?
100,000 PFY. This will only go down with time. No PFY will be minted ever. We don't have any such provisions in our code.
Have you locked the liquidity?
Yes. Check here
Who provided the liquidity?
The devs provided the initial liquidity which they provided from their own pockets.
How do you define ‘day’?
For PFY, day starts at 07:00 GMT (UTC). Every calculation will be based on this. Please convert this to your local time.
Are we limited to two farms?
Nope. We will introduce new farms as we make new partnerships. However, these two farms will carry the highest allocation of rewards.
Will there be any presale?
How does the team earn? Do you hold any token?
We earn only from your trades. So, we have every motivation to take this forward as we earn only when the project is active.
How is the reward transferred to farms?
This is done via a smart contract.