Cash Pirates — a decentralized application, built on top of BNB Chain. The goal of the game - to hire more pirates sooner and more often than the other players. This, in turn, allows you to earn more BNB faster. These pirates work tirelessly for you, giving you an average of 6% of your pirates' value per day.
About Cash Pirates
Daily percentage income depends on the actions of pirates that operate on the platform and affect the level of efficiency. Pirate performance levels rise and fall as users buy pirates, re-hire them and sell their treasures for BNB. Once pirates are bought, they cannot be sold and investments made to rehire them (by hiring or rehiring) cannot be returned. Cash Pirates has several anti-dumping and anti-whale measures in place to ensure the longevity of the project. These measures include maximum deposits as well as cut-off and recovery times for withdrawals.
Basic concepts:
| Cutoff time | This is the time it will take for your "treasure chest" to be full of rewards. Once the chest is full, it will stop filling up until you take some action in the game. This is to prevent the whales from allowing their rewards to accumulate for long periods of time. |
| Output recharge time | This is the amount of time they have to wait before they can draw another conclusion. It also prevents the contract value from decreasing too quickly. |
To encourage users, there is a bonus that is paid out when you reuse your daily Treasures earnings instead of selling them. The bonus increases by 2% every 12 hours you accumulate without withdrawing funds (maximum 20% after 5 days).
Cash Pirates also has a very unique feature that effectively reduces the inflation rate of Pirates that occurs over a long period of time. Each sale action will only add 50% of the sold quantity to the total supply. Old miners add 100% of what is for sale to the total supply. This means that the contract will have a lower inflation rate.
More about defi app
This platform works similar to the financial market, where an asset has an intrinsic value that depends on the demand or supply of said asset. Pirates are bought with a predetermined currency at a price, corresponding to the current Pirate Efficiency Ratio. Once purchased, pirates immediately start working for you to ensure you get the best return on your investment for as long as possible.
Like any other asset, bought and sold on the open market, the price of a pirate will fluctuate over time, as will the efficiency ratio of a pirate. Simply put, the greater the demand for pirates, the more they will rise in price and the more income they will generate.