#Bitsafe token free#

Individuals often must stake or park their tokens in a contract to earn a yield. Earning network fees is an established and tested method of earning yield.

As you earn fees, the percentage of the total supply you own is increasing. The yield comes from transfer fees instead of newly minted tokens. No external contracts or interfaces need to be interacted with in any way.Įconomic Design risk: BTSF has a fixed cap. Security risk: Because burning, fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. As long as the Binance Smart Chain exists, BTSF fees will be generated and distributed with each transaction. No website or interface is required for the token to function. Trust related risk: No ICO, No Fundraising. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.

#Bitsafe token free#

Price and Market risk: These risks come with any free market. The following risks were addressed and kept in mind during the construction phase of BTSF: We want to do it differently and build a sustainable token. Developers who design and implement these economic reward mechanisms typically have no expertise in economics. No action needs to be taken on your part other than to hold BTSF in a wallet you control.įor the overwhelming majority of DeFi projects, rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value. There is no team or central party that has to award the fees. This generates a much higher yield than would otherwise be possible. The percentage of fees you earn is calculated by the percentage of BTSF that you own among holders. Unique features of the BTSF smart contract allow certain addresses like the PancakeSwap pool or coming exchange wallets to be blocked from earning fees.īecause of this, 100% of the fees generated go to holders of the token. In addition, 4% of each transaction is burned. At its core, BTSF charges a 3% transaction fee and re-distributes that fee to existing BTSF holders instantly and automatically at the time of each transaction. BTSF just reached a market cap of 1 million USD📈 Therefore, let’s take a moment to briefly introduce BTSF to you.īTSF is an innovative token on Binance Smart Chain (BSC) that re-imagines the concept of DeFI yield generation.