MOVE2EARN APY: PART 2
So in my previous article I introduced you to Move2EarnAPY, all its fantastic features like its play to earn feature, move to earn feature, its massive APY of 404202%, and all its inherent advantages to the general populace.
A lot of people that even have rudimentary knowledge about investment or crypto might be wondering how that large of an APY is sustainable, well the Move2EarnAPY team have come up with some safeguards to make sure that the rewards are paid as promised and that the ecosystem is sustainable.
But firstly to make all of these safeguards work as they are supposed to, funds will be needed, and where will they get that, from the buying and selling fees of course. The buying fees are 13% and the selling fees are 15%.
The fees are split among the safeguard mechanisms in the following ratios:
TRUST FUND (TF): 4% of buy and 4% of sell fees go into the TF, this safeguard mechanism keeps the holders and ecosystem safe by avoiding flash crash through price stability, greatly reducing the downside risk and sustaining the rebase rewards and the massive APY of Move2EarnAPY.
AUTO-LIQUIDITY PROVIDE: 4% of the buy and 4% of the sell fees go into the Auto-LP wallet this safeguard mechanism makes sure that the price of $MOVEAPY is stable by injecting more $BNB or $MOVEAPY in the liquidity pool to establish an equal 50/50 weight of MOVEAPY/BNB, it does this every 48 hours.
THE TREASURY: 3% of the buy fees and 5% of the sell fees go to the treasury fund, and this safeguard serves as an additional financial support to the Trust fund. This additional support can become crucial in the event of massive and sudden price drops, or in the case of unforeseen black-swan events. Apart from that it can also be used to fund new Move2EarnAPY products, services, and projects that will add more value to the Move2EarnAPY community.
THE BLACK HOLE: the black hole is funded by 2% from the buy fees and 2% from the sell fees, all funds moved into the black hole are burnt, the reason for this is that the blackhole serves as an inflationary control mechanism, it reduces the amount of $MOVEAPY in circulation and this reduction in supply will cause the price of $MOVEAPY to increase, the more $MOVEAPY is traded the more that gets burned.
OTHER INTERESTING TIDBITS
This is a wallet just like Metamask or Trust wallet, a multi-currency wallet, that you can store and manage your crypt0 assets and interact with various Dapps (Decentralised Application).
$MOVEAPY the native token of Move2EarnAPY has an initial supply of 100,000 units, everybody that is interested stands to get 40% of it, which is available when their Fair launch starts on Pinksale. The Fair Launch date is yet to be set so keep your ears to the ground for the announcement.
In my last article I did not go technical, in this one I did, hope you still found it interesting.
#MOVEAPY #Move2EarnAPY #Rebase #BNB #Pinksale #Defi