Conquer Swap is a decentralized exchange running on Binance Smart Chain and Pancake swap exchange, with lots of other features that let you earn and win tokens.
What we are trying to achieve is create a perpetual deflation token, the BOAT token, that allows a constant price pump with a sufficient burn mechanism. That will be achieved by using the burning mechanism and on the future using a lottery that will help to burn more tokens. What will also be done is to adapt the number of BOAT/block to the Total Value Locked (TVL) across all farms and layers in order to reduce the massive dumps on the price of the token. This massive dumps usually happens more when a new token is created, because as the TVL is low, the APRs are super high and people tend to try to sell the earned tokens as soon as they receive it, which causes the price to fluctuate a lot. Controlling the number of BOAT/block and the multiplier of the pool will help the farms and pools to have a more sustainable environment for people to yield farm with high APR.
Features
Burning mechanism
To increase the token price constantly we have implemented the following mechanism:
- 4% burn fee will be charged at staking (current rate)
- The burning transaction fee (75% of the 4%) will be used to purchase BOAT and burnt before the lottery is released
Earn
- Earn BOAT token while staking in both farms and pools.
Security
- Timelock added to contract at launch
- Removed migrator code (inherited from Pancake swap)