Picaroon is as simple as it can be, it provides reliable protection for your investment while giving you a variety of income options, from conventional yield farms and liquidity pools to dual farms and automated yield aggregators.
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About the Picaroon project
Picaroon — a blockchain-based platform where users get access to various investment products and cryptocurrency exchanges. The Picaroon DAO, a decentralized autonomous organization that includes all Picaroon token holders, controls the platform. No one, not even developers, can make decisions about platform management on their own. Such decisions are available only by voting according to the formula 1 vote = 1 token.
However, unlike other Ethereum forks, BSC was created by arguably the best development team on the market. This team was hired by Binance, the largest corporation in the cryptocurrency market, known primarily for its exchange, but also engaged in a wide variety of cryptocurrency businesses - from developing and supporting blockchain with the DeFi ecosystem to mining.
Other features:
| 1. | Burn rate: 5.6 percent of transmission tax. |
| 2. | Automatic liquidity rate: 1.4 percent of the transfer tax will go to the LP pool. |
| 3. | General tax rate for translation: 7 percent of each translation. |
Compared to Ethereum, BSC offers cheaper transactions and more bandwidth. Combined with the proven prototype robustness and excellent blockchain developer support, this made BSC an ideal candidate for Picaroon. As the total supply increases, this ratio will decrease. The deposit or withdrawal of tokens to farms is not subject to this limitation.
What else should you know?
The PancakeSwap Masterchef contract, the largest DeFi project on the BSC blockchain, was used as the basis for the Masterchef contract (a smart contract that operates the Picaroon platform). This contract has been repeatedly tested and has a well-deserved reputation for contracting with the best tokenomics in the DeFi market. However, in order to meet Picaroon's requirements, the original contract underwent major changes and improvements when creating the fork. The main one was the removal of the so-called Migrator code. There is an introductory document on the site that will allow you to explore the specifics of the project RoadMap with future updates is also available there.