FORK — an ERC20 compliant fixed stock (250M) token that is managed by ForkSwap. FORK holders can propose and vote for protocol changes through corporate governance.
Contents:
Description of the ForkSwap project
To start earning FORK tokens, all Pancake LP token holders can put these LP tokens in the corresponding initial pool list. A list of eligible LP tokens can be added as part of the chain management. In each block, 3 FORK tokens will be created. These tokens will be evenly distributed across the rates in each of the supported pools. And the remuneration goes down to 75% per month. However, for the first 400,000 blocks (~ 2 weeks), the number of produced FORK tokens will be 10x, resulting in 30 FORK tokens, issued per block.
Initial set of available pools:
| 1. | FORK-USDT:15X. |
| 2. | WBNB-BUSD:4X. |
| 3. | BTCB-WBNB:2X. |
| 4. | AUTO-WBNB:2X. |
| 5. | ETH-WBNB:2X. |
| 6. | USDT-BUSD:1X. |
| 7. | DOT-BUSD:1X. |
| 8. | VAI-BUSD:1X. |
| 9. | WBNB-UNI:1X. |
| 10. | USDT-WBNB:1X. |
With Pancake's current configuration, 0.3% of all trading commissions in any pool are proportionally distributed among the pool's liquidity providers. In Fork swap, 0.25% goes directly to active liquidity providers and the remaining 0.05% is converted back to FORK and distributed among FORK token holders.
The maximum number of FORK tokens is 250,000,000. 0.3% of all trading fees (0.25% for active liquidity providers, 0.05% is converted back to FORK and distributed to FORK token holders. 10% of each FORK distribution is allocated to developers.
Additional information
At the moment, White Paper and RoadMap are not available on the site. The developers only provide a blog on the Medium platform. You can familiarize yourself with the main features of the project there.
If you want to stay up to date with all innovations, subscribe to the community on the following social networks:
- twitter;
- telegram.