Introducing BORE
BORE is a fork of core a non-inflationary cryptocurrency that is designed to execute profit-generating strategies autonomously with a completely decentralized approach. In existing autonomous strategy-executing platforms a team or single developer is solely responsible for determining how locked funds are used to generate ROI. This is hazardous to the health of the fund as it grows, as it creates flawed incentives, and invites mistakes to be made. BORE does away with this dynamic and instead opts for one with decentralized governance.
🏃♀️ Initial Distribution
The BORE team is kickstarting the initial distribution with a liquidity event. Contribute BNB to the BORE Fair Launch smart contract to receive tokens, and the contributed BNB will be matched and added to the PANCAKESWAP liquidity pool. Note that once added, liquidity tokens can not be removed from the BORE PANCAKESWAP LP pools. This is by design.
🏦 Powered by Real Yield
To encourage real value and TVL to flow into BORE, BORE smart contracts employ interchangeable strategies that farm the coins inside the pools. This gives a great incentive to anyone who wants to farm BORE with coins other than BORE/BNB LP.
Well thought out economics
Many believe that the act of adding additional pools is disincentivized by the fact that it can dilute the rewards for the pools people are currently farming. In our model, this is lessened by the nature of BORE fees being paid out by additional farming pools. Although farmers are diluted in their rewards, the BORE they have appreciate in value due to the positive market pressure.
📈 Deflationary Farming
Farming tokens have a problem for their owners. To keep users farming, they have to mint ever more coins. This completely destroys the value of the underlying token, due to excessive inflation. It’s easy to find examples of this across the DeFi ecosystem.
Our solution is called deflationary farming, and it is quite simple in only two steps:
- Charge a fee on token transfers
- Users can earn the fee by farming
This simple process means that those holding tokens are able to farm without infinite inflation.
🚢 Keeping Liquidity Liquid
All transfers have to be approved by the BORE Transfers smart contract, which will block all liquidity withdrawals from PANCAKESWAP . This will guarantee a stable market, giving holders and farmers skin in the game.
🙅♂️ 10000 BORE Forever
There is absolutely no way to create new BORE tokens. This means the circulating supply can only ever go down, period.
Lets go
Check out our website http://bnbvault.finance/
