Coral Farm — a team of experienced software developers and DeFi contributors who want to contribute to the BSC DeFi yield farm movement and take it to the next level with real-world use cases and positive impacts.
Contents:
Description of the Coral Farm project
The Coral Farm developers are trying to create a permanent deflationary token model, Coral ($ CRL), which allows for a sustainable pricing model with a sufficient burn mechanism. The creators do not seek to replace swap and exchange, but want to add value to the ecosystem and create a suitable and sustainable environment for people who will produce crops at a high annual interest rate.
Coral Farm is a next generation crop cultivation engine that allows you to continuously raise prices with a temporary contract at launch and get a healthy crop. Developers will use a percentage of the fees to fund conservation efforts, help restore coral reefs, and protect the oceans. Coral coins ($ CRL) will be burned to create a sustainable financial environment. In addition, the developers will initiate strategic buybacks and burns (starting at a deposit fee of 3.9%).
Some features:
| 1 | Liquidity pools and swaps will soon be created at Coral to implement incentive mechanisms for CRL holders. |
| 2 | The developers are trying to create a powerful burn mechanism that increases the price of the token constantly. |
| 3 | There is a 3.9% burning fee, charged when placing bets. The burn transaction fee will help to buy Coral and burn some of the working capital. |
Farms and Pools will receive the corresponding Corals, shown in the upper left corner. Strategic buyouts and burns will be in line with market action. Coral Farm charges a commission, ranging from 2% to 3.9% for periodically buying CORALs on the market and burning them. This will reduce the supply and help CORAL to grow. Most of the commission will help to buy Corals and burn them.
Social media and other data
There is a document on the site, where in addition to general information about the project, the RoadMap is also available. Also, the developers maintain a блог, where the latest news is published.
From social networks, the community leads:
- twitter;
- telegram.
Join to stay up to date with the latest updates and connect with other members. Smart contract audit is available here.