OlympFinance — the BSC pharming and betting platform with the lowest transaction fees (0.1%).
Contents:
About OlympFinance
Olymp Finance Exchange — an Automated Market Maker (AMM) that allows the user to exchange tokens on the Binance Smart Chain. The liquidity, provided to the exchange, comes from liquidity providers (“LPs”) who list their tokens in liquidity pools. In return, the user receives LP tokens, which can also be wagered to earn OLYMP tokens at Farms.
The burning of tokens is usually done by the development team behind the particular cryptocurrency asset. It is possible in several ways, most often by sending coins to the so-called "dead address".
Some features:
| 1 | The exchange is an automated market maker (AMM) that allows any combination of two tokens to be exchanged on the Binance smart chain. |
| 2 | You can earn OLYMP with farms and earn even more pooled OLYMP tokens. Become liquidity providers. |
| 3 | A referral program helps to encourage users to invite friends to join the farm. |
Burning coins decreases the total circulation of the token, resulting in a decrease in the total. This could potentially lead to an increase in the value of the token. The constant burning of tokens helps to maintain the value, as well as bets on a long-term price increase. 12,000,000 tokens (40% of the original mint) are reserved for a burn mechanism that will ensure a fair price to the token and control liquidity and price impact. During the first 15 days after launch, developers burn 100% of these tokens.
Additional information
There is an introductory document on the site. It contains general information and RoadMap with future updates. Also, the developers maintain a Medium blog, where news articles are available.
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Smart contract audit is available here.