Soups Finance — an experimental project that generates SOUP tokens, powered by Binance Smart Chain. The platform has appeared, based on existing exchanges: Basis Cash and bDollar.
Contents:
- Features of the Soups Finance project
- Available games on the project
- What else should you pay attention to?
Features of the Soups Finance project
The protocol helps to expand and contract the supply of SOUP tokens in a similar way to how central banks trade fiscal debt to stabilize purchasing power, without any relocation or risk of collateral. The SOUP token can help to buy and sell tokens on Pancake Swap, as well as interact with upcoming Soup Protocol games such as Soup3D.
Soup Protocol introduces 3 tokens:
| $SOUP (Soup Dollar) | It is an algorithmic token that helps to bind its value to a Binance token (BNB), not a stablecoin. The SOUP token can help to buy and sell tokens on PancakeSwap, as well as interact with upcoming Soup Protocol games such as Soup3D. |
| $SOUPS (Soup Shares) | A utility token for the Soup protocol. Holders of SOUPS tokens can be locked out to claim a pro rata share of SOUP tokens, accumulated in the Boiler contract. |
| $ SOUPB | Help to drive changes in the SOUP offering during both expansion and contraction periods. |
To ensure fair distribution, it will take place within 15 days, unlike in recent projects where distribution is instantaneous in order to reduce profitability. This model provides the best allocation as it rewards early entrants and subsequent entrants are given the opportunity to enjoy the SOUP service.
Available games on the project
The platform has a game interface that contains:
- 3 DeFi sections;
- 1 game.
Boiler Room — a place, where SOUPS Tokens can be locked in the Cauldron to receive SOUP rewards during Era expansion periods. Duration of an epoch = 6 hours. Each insertion or withdrawal of SOUPS into and out of the Boiler resets the locked duration to 6 epochs.
Freezer — a place where users can buy and exchange SOUPB tokens for SOUP. Inspired by Fomo3D, the Soup team creates Soup3D, a lottery-like game that rewards both early and latecomers. It runs on the Binance Smart Chain, which requires the use of SOUP tokens to participate. Tickets can be bought by using SOUP tokens, of which 95% of the token amount will be exchanged for BNB to buy tickets when the bank has less than 500 BNB. And when the bank has more than 500 BNB, 97.5% of the amount will be transferred to BNB.
What else should you pay attention to?
There is no WhitePaper or RoadMap on the site, but an introductory document is available instead. You will find answers to questions and rules there.
From social networks, the community leads:
- twitter;
- telegram;
- discord.
Subscribe to communicate with other members and track the release of updates. The smart contract doesn't have an audit.