WHAT IS A DeFi? Decentralized Finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.
The DeFi space has exploded in the recent months. Yield Farming, Staking and Liquidity Mining have taken the space by storm, with participants earning by basically "locking" their tokens for a time.
While generally great, these concepts have one downside: impermanent loss (IL). If you are farming/staking and the value of the underlying token changes significantly, even though you still get rewards, the value will far less than if you simply held your tokens.
The DEBT FREE TOKEN smart contract applies a fee on all transactions (buys/sells). 10% is automatically distributed to holders, without farming! This means the amount of tokens in your wallet will forever increase as people transact. This way IL is avoided altogether and in effect you get paid for just holding DEBT FREE TOKEN.
In addition, the DEBT FREE TOKEN smart contract also takes 5% of each transaction and adds it to the liquidity pool. The liquidity pool will continuously increase, which leads to a higher price floor of DEBT FREE TOKEN.
This is what DEBT FREE TOKEN aims to accomplish:
You don't have to farm, stake or deposit your DEBT FREE TOKEN.
Simply HOLD it in your WALLET and you will get MORE!
DEBT FREE TOKEN is an autonomous yield and liquidity generation protocol that aims to directly REWARD its holders whilst concurrently increasing liquidity.
Consequently, the protocol has a permanently increasing price floor, with all investors earning additional DEBT FREE TOKEN just for holding.
DEBT FREE TOKEN resides within a class of token that REWARDS investors just for holding, the amount of REWARDS received increases over time the longer an investor holds for.
Holders are also REWARDED for the success of DEBT FREE TOKEN with higher transaction volumes leading to increased fees, and REWARDS for distribution.
We believe this mechanism provides investors with an active stake in DEBT FREE TOKEN success.
Total Supply: 100,000,000,000,000,000
TOKEN BURN 🔥
50% of the total supply of DEBT FREE TOKEN will be sent to the dark pool address after funding and liquidity, permanently reducing the supply.
DARK POOL ADDRESS: 0x000000000000000000000000000000000000dead
As the Dark Pool address is CLASSIFIED as a DEBT FREE TOKEN holder also receives a share of each transaction fee. Each share is burned leading to a persistently reducing circulating supply of DEBT FREE TOKEN.