The Apex Predator of DeFi is a dApp that runs on the BINANCE Smart Chain and offers a DEX, a Launchpad and a yield optimizer. Using the platform for trading or providing liquidity to the protocol rewards the users with the native tokens and part of the collected fees are used to distribute as dividend to the stakers of the tokens.
The decentralized exchange works like any other DEX with liquidity pools and an AMM. There is a 0.3% fee for every trade. People that are providing liquidity to the DEX are earning 0.1% and they get FINS tokens on top of that. The remaining 0.2% are used to reward the FINS token holders with buy backs of the token in the FINS / WBNB liquidity pool. So if you hold your FINS in that pool you are earning BNB with every trade.
Traders are also profiting from buy backs because they too are earning FINS. They pay a 0.3% fee for every trade but the protocol also rewards them with FINS token that in total have the same value as half of their paid fee. This incentivises trading and therefore makes providing liquidity more profitable.
The other flagship product of AutoShark Finance are its vaults where users can deposit supported tokens to let them be automatically reinvested in other DeFi protocols for a high APY. The advantage here is that the users don't have to manually compound their staked tokens and can save gas fees by pooling their tokens together and investing them together. The protocol takes 30% of the collected profit of the users and takes them as performance fee that is distributed as wrapped BNB to JAWS stakers. Like the DEX does for traders, the users of the vaults are also compensated for the fee with more tokens, they are getting JAWS and in some vaults also FINS.
There is a Launchpad were developers can sell their new token for FINS / BNB liquidity pool tokens to raise funds and partnered projects can also set up an "Ocean" to distribute their own token to FINS holders for free to promote their project and token. AutoShark is also working on a lending feature, leveraged trading and is trying to make earning crypto more fun by gamifying it with NFTs that can let you earn more or get you airdrops.
The DeFi dApp is providing many great services to the BSC blockchain and is planning to launch even more. It has unique tokenomics that reward all users and is rewarding its holders with BNB.
The FINS and JAWS Token
AutoShark has two native cryptocurrencies that both give their holders governance rights and a share of the platform revenue for the two main services. FINS belongs to the DEX and are earning 66% of all trading fees and JAWS belongs to the yield optimizer and are earning 30% of all collected interest.
FINS has a max supply of 500 million. 5% of the supply went to the developers and is being vested over the first 15 months, 1% was sold on a Launchpad, 4% are reserved for partnerships and the like, 54% can be earned by providing liquidity to the DEX, 18% is distributed to traders and 18% are distributed in selected vaults. The lion share of the supply can be earned by the community and the users, 90% of the total supply is going to them for the first few years.
The JAWS token has no max supply and it is being distributed to people that stake supported tokens in the AutoShark vaults. The emission of new tokens is not fixed but floating. The protocol takes 30% of all profits collected with the yield optimizer for rewards to JAWS stakers, and it compensates the users of the vaults with new JAWS tokens in the value of 31.5% of the yield the vaults generated for them. Some JAWS are also distributed to liquidity providers of the DEX, but the vault users are getting much more.
Both tokens are earning part of the collected revenue. The FINS token also has a max supply and is mostly going to the users. Since two thirds of all trading fees are used for buy backs, the value of FINS will increase with more trading and liquidity. However, the liquidity providers are earning only one third of the fees directly, they do get FINS token too but most people would likely prefer earning more of their provided tokens rather than mostly a different one. This could hurt the supply of the much needed liquidity.
The JAWS token has no max supply and it earns a big part of all profit generated with the vaults but there is also an inflation. If more people use the vaults there will be more dividends for JAWS stakers and there will be more demand for the token but the inflation would rise too which would push the price down, that makes it questionable whenever or not it could be profitable to hold the token.
Neither token is listed on any centralized exchange right now, you can only buy them on PancakeSwap and the AutoShark Finance DEX itself. You can store them in any BSC wallet like TrustWallet
If you liked my post then please leave a tip, that way we both earn some money!
If you don't have an account on Publish0x then you can signing up here and start earning cryptocurrencies for reading and tipping.
Binance, 10% discount on fees
MEXC, 10% discount on fees
Presearch, 25 PRE start bonus, earn cryptocurrency for searching the web
FaucetCrypto, Earn small amounts of Cryptocurrencies for free
