Selenium Swap - a new decentralized exchange on the Binance smart chain with a Timelock contract at launch.
Contents:
What is Selenium Swap?
Selenium Swap - a brand new decentralized exchange on Binance's smart chain, known as Gen 2 Pharming. It allows you to increase the price with sustainable and profitable farming. The goal of the project - to move to full AMM, create an NFT market, using $ SELEN for exchange and a Play & Win zone.
Selenium - a community project, created and developed by a group of passionate developers. The main aspect and development of Selenium Swap has appeared at launch and the community should help to expand the project.
Problems are solved by changing contracts:
- Large funds go in and out, creating significant fluctuations;
- Constant creation of stablecoin tokens without any contribution;
- Insufficient burning of tokens;
- Rugpull.
To prevent Rugpull, you need to remove the migrator code and add the timelock to the contract at startup.
Combustion and buyback mechanism:
| When placing bets, a commission of 4% is charged: | re-firing will occur every 5,000,000 TVL. |
| 25% of the deposit commission (4%) will be directed to the buyback and selenium burning: | 25% of the deposit amount (4%) - as an insurance depository. |
| 50% of the deposit commission (4%) will be spent on: | partnerships with other projects or farmers and use for other audits, social contests and advertisements. |
The new burn strategies will appear there.
About the Timelock contract
Timelock officially runs for MasterChef. Timelock fixes 21,600 seconds or 6 hours. 6 hours will become 24 hours once the platform is stable.
Timelock means:
- You cannot make any changes to MasterChef parameters without a preliminary waiting of 6 hours;
- A transaction for any change in MasterChef parameters will be available for public viewing on BscScan. You can set alerts for any transactions, made on MasterChef through Timelock.
Timelock - the final missing cog in the asset protection system against any possible misuse or even carpet breakage. You can relax in the knowledge that the SeleniumSwap commitment and the vision of privacy as a standard are being taken seriously.
More information about Selenium Swap
To keep abreast of all events and news, subscribe to the twitter and telegram communities. You can familiarize yourself with Audit, a process that carefully examines a piece of code to identify errors and risks. You can view the short-term or long-term roadmap release plan here.