Friction.Finance — a decentralized AMM with crop incentives, no mints and a unique token distribution design. Friction Finance is powered by the xTAO token, which adds a layer of control and maintains standalone pools and farms without creating a new token.
Contents:
Description of the Friction.Finance project
Friction.Finance is powered by BSC and shares liquidity with Pancakeswap to provide users with the best prices with large pools of liquidity. TAO avoids unsustainable short-term yield programs and uses open source technologies from some of DeFi's cutting edge projects such as Uniswap, Pancakeswap, Sushiswap and Reflect.Finance to provide a truly innovative and unique yield-enhancing solution.
xTAO combines static RFI rewards with self-sustaining yield farms that allow holders to earn rewards through reflections after every transaction. These transaction fees also allow xTAO to have self-sustaining LP yield farms that never run out of reward without even creating a new token.
Some features of tokens:
| 1 | A transfer fee of 3% is charged on each xTAO transaction. |
| 2 | 2% is automatically and instantly distributed among the holders. |
| 3 | 1% is fixed in the xTAO staking contract for LP farmers. |
xTAO has a fixed total of 25,000,000 and there is no mint function in any of the codes. xTAO automatically redistributes 3% of each transaction to all holders on a pro rata basis after each transaction. This unique concept, pioneered by Reflect.Finance, allows xTAO to have self-sustaining farms and pools that never run out of rewards and never add more tokens to the total supply.
Additional information
The site contains the WhitePaper document. You will find useful information, answers to questions and much more.
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