Heimdal Finance - an algorithmic token, tied 1: 1 to $BANANA (APESWAP) on the Polygon network.
About Heimdal Finance
One of the main drawbacks of past algorithmic tokens - the lack of utility that does not leave good reasons so that someone wants to use them or store them. To maintain a binding in the long run successfully, Heimdal Finance is striving to create value for users, developing a number of use options within the Polygon ecosystem. This is a team of enthusiastic people with extensive experience in developing and coding, as well as several marketing professionals. Developers believe that with all skills in the Arsenal Heimdal Finance will stand out among all other projects in the DEFI space.
Token information:
| 1. | HEIMDAL token is designed for use as a means of exchange. The stability mechanism, built into the protocol, is aimed at maintaining HEIMDAL binding to $Banana 1:1. |
| 2. | HEIMDAL SHARE ($HEIMSHARE) — one of the ways to measure the cost of the Heimdal financial protocol and the confidence of shareholders to its ability to maintain $Heimdal close to binding. |
| 3. | The main task of Heimdal Bond (Heimbond) - to help to stimulate changes in the HEIMDAL supply during the reduction of the era. When TWAP (weighted average price) Heimdal falls below 1:1 banana, produced by Heimbond, which can be bought for Heimdal at the current price. |
Firstly, one token $ Heimdal will be added to the developer's wallet to add a pair of LPs in Apeswap. The distribution of 150,000 tokens $ Heimdal will be carried out through the genesis pools that will be valid for 72 hours. Selection of 180,000 HEIMDAL tokens will be transferred into Polycrystal Finance to support Polydoge and Crystal Vaults, where you can earn Heimdal by placing the appropriate tokens. Awards are distributed gradually within 2 months.
These tokens will be used and returned to the community only in various events, held for the development of the community, such as invitation contests, meme competitions, etc. 19,500 $Heimdal tokens will be transferred to the ApeSWAP to distribute to users. Deposit fees will help to conduct audit and maintain binding, as well as for additional marketing and partnerships.
Additionally about defi app
Bonds — unique tokens that can help to stabilize the heimdal price around the binding (1 Heimdal = 1 Banana) by reducing the Heimdal's current offer, if the TWAP (weighted average price) is lowered below the binding (1 Heimdal = 1 Banana).
Heimbond can only be purchased during contract periods when TWAP Heimdal is below 1. Each new era during Heimbond contracts is available in the amount of 3% of the current Heimdal's current proposal with a maximum amount of the debt of 45%. This means that if the bonds reach 45% of the Heimdal Coverage, the bond issue is terminated.
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