ASTAKE: AUTO AUTO AUTO EVERYTHING

4 min readApr 12, 2022

So for us small boys in the crypto game that don’t have the luxury to shell out thousands of dollars to stake on DeFi protocols, because frankly to you’ll have to compound the interest manually on most if not all platforms (adding your principal amount + gains recieved) to maximise the yield you’ll get for staking your tokens, and depending on the platform the gas fees that emanate from this, removing liquidity, some you even have to claim separately, then restaking the pair in the equal ratio, which will include some swapping, will amount to quite a lot, especially as I’ve said if you’re a small time crypto person, especially when you’re just starting out.

That’s where ASTAKE comes in they have a lot of ways at which they tackle this problem and they’ve come up with innovative ideas to make the whole system as stable as can be humanly possible, so let’s take a few to look at what ASTAKE has to offer.

1. Interest rebase rewards: Every token holder automatically receives 0.0166% interest every 10 minutes (rebase period) just for holding $ASTAKE tokens in their own wallet!, the other wonderful thing about this is that it is auto compounding, so you won’t earn a fixed amount based on your principal amount, the principal amount of your next reward will be principal amount + all rewards received from previous rebase periods, this means that your rewards will continuously increase for as long as you have ASTAKE in your wallet.

2. ASTAKE Insurance Fund (AIF): for the rebase reward system to remain functional over the life time of the coin (forever) it needs backing because tokens can’t just be minted out of thin air this will spell disaster for the coin (hyper inflation) with the APY figure being touted, this is where the AIF comes in, in simple terms, the staking rewards (rebase rewards) which are distributed every 10 minutes at a rate of 0.0166% are backed by the AIF thus ensuring a high and stable interest rate to ASTAKE token holders. 3% of all trading fees are stored in the Astake Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

3. The Treasury: like every good system there are several fail safes that ensure that even if one of the cogs in the financial wheel fails or doesn’t perform up to expectations due to strain on the system, others can lift the weight and provide support so that the finely tuned financial system keeps running smoothly, and that is what the treasury is, it performs three major functions.

• The additional support provided by the treasury can become important in the event of an extreme price drop of the $ASTAKE token or unforeseen black-swan event.

• It helps to establish a floor value for the $ASTAKE token.

• The treasury may also be used to fund new ASTAKE products, services, and projects that will expand and provide more value to the ASTAKE community aswell as providing funding for marketing.

4. The Fire Pit: 1% of all $ASTAKE traded are burnt in The Fire Pit. This is a deflationary system that is aimed at reducing the circulating supply and keeping ASTAKE stable, and because it’s a deflationary system the reduced amount of ASTAKE in supply will mean it’s more scarce, demand higher than supply, this will increase the individual value of 1 ASTAKE. So the Fire Pit stability and increased value in one, truly hot indeed.

5. Auto Liquidity Engine: so the liquidity pool is a 50 50 mix of one token and another, you have to provide equal amounts of the two, so that When somebody buys ASTAKE, the price per ASTAKE will go up and the ratio above 50/50 will also change at the same time to account for this. The same goes in the opposite direction for sells. This means the more you have in a liquidity pool the freer holders are to buy and sell with less loss due to market slippage. So to make the pool large and stable ASTAKE has come up with their Auto Liquidity Engine which injects liquidity into the pool every 24hrs, they do this by taking a 3% fee on each Buy or sell order, so out of all the cumulative 3%s for that day, 50% is used to buy BNB and the other 50 is left as ASTAKE and injected into liquidity, thereby providing more liquidity and providing stability to make sure the APY is upheld for the entire life of ASTAKE.

So there you have it ASTAKE in a nutshell, so all you have to do basically is just buy and hold and enjoy your cool cash, but it’s better not to wait until public listing when you can get a better price at the presale, here’s the link for their presale