Friction Finance is a decentralized AMM with yield farming incentives, no mints, and a unique token distribution design. Friction Finance is powered by TAO token which adds a governance layer and powers the self-sustaining pools and farms without ever minting a new token. Friction Finance runs on BSC and shares liquidity with Pancakeswap to provide users the best prices with large pools of liquidity.
Brief Tokenomics
- TAO has a fixed total supply of 50,000,000 and there is no mint functionality in any of the code.
- TAO automatically re-distributes 1% of every transactions to all holders proportionately and automatically after ever transaction. This means that holders will earn TAO without having to do anything. This unique concept first introduced by Reflect.Finance allows TAO to have self-sufficient farms and pools that never run out of rewards while never adding more tokens onto the total supply.
- TAO has automated burns, there is no manual process. Read more about the burning mechanisms.
- TAO did not launch on BSC strictly for the 'hype', BSC's low fee transactions is exactly what Tao needs to leverage its token distribution design to the fullest extent. More volume on Tao means faster burn rates and holders receive more Tao.
- All smart contracts are timelocked, and LP is also locked. Fair launch - No pre-sale, no private investors, no marketing fund, etc.