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FullSail Finance

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News

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.
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Son Min-ho

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.
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Ayman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
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Tando Nkube

What is FullSail Finance?

FullSail Finance — the 3rd generation deflationary profitable farm and algorithmic Stablecoin and AMM protocol on Binance Smart Chain.

Contents:

Description of the FullSail Finance

This is a brand new DeFi project, developed by an experienced development team as a 3rd generation deflationary yield farm, algorithmic stablecoin protocol and AMM on Binance Smart Chain. In addition to the buyback mechanism, the developers have implemented some unique innovative features at the FullSailFinance crop farm to combat the inflationary problem, faced by most traditional farms.

Some important features that have already been implemented:

1. Automatic emission reduction.
2. Hybrid recording engine.
3. Ransom incineration.
4. Burning transfer tax.
5. The migrator code has been removed.
6. Timer, added at startup.

Unlike other deflationary farms, the FullSailFinance team has no plans to develop multilayer farming after launch. The developers believe that there is no point in continuing to issue new tokens through multilevel farming. Instead, according to the roadmap, an algorithmic stablecoin protocol will appear.

The initial ejection rate - 1 SAIL per block. Emissions will automatically decrease by 3% every 9600 blocks (~ 8 hours) until it reaches 0.1 SAIL per block.FullSail Finance

Unlike other crop farms, where developers manually reduce emissions, according to their own wishes, FullSailFinance's emission reduction logic is coded into a smart contract and will run once every 8 hours automatically. This mechanism will significantly reduce the overall supply and make the token more rare.

Additional information

At the moment, there is no White Paper on the site. Also, developers blog and publish news articles. 

If you want to stay up to date with all innovations, subscribe to the community on these social networks:

  • twitter;
  • telegram.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.