Our Token
Bavala Finance Token
By: Thomas B.
$BFT is a deflationary token with a max circulating supply of 10 billion $BFT tokens. On each transaction, a tax of 1% will be burnt, hence incentivizing holders to HODL and decrease the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt until governance model decides the burnt limit in the future.
$BFT is designed to include an Anti-Whale policy where the cap for each transaction is being set at 0.1% of the circulating supply per transaction.
$BFT rewards user with 60% of total supply $BFT being minted through fees collected and evenly distributes them amongst the pool with a farm ratio of 1BNB/30,000$BFT. For every 1 million token of $BFT issued, the minter contract will mint another 10% to reward the Team.
The following is fee structure:
30% Performance Fee (PF) — 15% allocated to Group Farming Rewards, 70% allocated to Vault Staking Pool and 15% allocated to the Lottery Pool.
0.5% withdrawal fee will be incurred if withdrawal happens within 72 hours of deposit for DeFi Farms Pool.
For further clarification, the 30% PF is collected and re-distributed to $BFT stakers. For every 1 BNB collected through performance fees, 30,000 $BFT is minted and given to respective users. So long as the price of $BFT stays above 1BNB/30,000$BFT, users will gain rewards through the PF system. All of these fees will ultimately go towards $BFT Staking Pool, thereby ensuring the sustainability and longevity of our project and benefiting all $BFT supporters/holders.
Join our community today:
Twitter : https://twitter.com/bavalafinance
Telegram : https://t.me/BavalaFinance
Website : https://bavala.finance/
Regards,
Thomas B.
CEO, Bavala Finance
