Today there are many platforms in the crypto market that offer to stake with high rewards. This solution, allows crypto users to stake their LP tokens for passive income. However, the problem is the impermanent loss from staking an LP (liquidity provider), which causes someone to lose some of their assets. Therefore, static rewards began to be developed to answer this problem. By only holding tokens, holders can get static rewards which are usually taken from tax from each transaction.
The deflationary mechanism is starting to be adopted by many cryptos because it allows holders to get static rewards, and KeyFund is one of the cryptos that adopt this mechanism. KeyFund is a deflationary token that will provide static rewards for its holders. These rewards are taken from tax from each transaction, KeyFund plans to distribute 1% to holders directly without fees.
Deflationary Mechanism
The deflationary token is a mechanism that will reduce supply gradually for each transaction. Usually, every token that adopts the mechanism has a static rewards feature that will provide rewards for its holders which are taken from the tax from each transaction. This method is considered more effective than LP staking because without impermanent loss and holders can sell their digital assets at any time. This deflationary mechanism is adopted by KeyFund, an autonomous token with a deflationary mechanism that will provide rewards for its holders. KeyFund has a smart mechanism that will allocate rewards to users, to liquidity, to development, and to wallet burning, which will keep the price of KeyFund tokens stable or even increasing.
By adopting deflationary, the supply of KeyFund will continue to decrease which allows holders to enter at a low price and when the price is high, they can sell it for a profit. However, if the holder wishes, they can continue to hold the token, and 1% of the tax from each transaction will be sent to their wallet without a fee.
KeyFund Features
KeyFund is a deflationary token that will provide static rewards for its holders. By holding KeyFund tokens, holders have the right to get rewards that will be sent to their wallets. So the more KeyFund tokens the holder holds, the greater the reward they will receive. Following are the features of KeyFund:
- Automatic Liquidity Pool: Automatic LP is an important feature of KeyFund which will maintain the sustainability of KeyFund. This mechanism allows a 2% tax from each transaction to be sent automatically to the LP to support the price floor of the token.
- Auto Burn: Auto burn mechanism which will burn tokens automatically to increase the rarity of tokens. This way of burning allows the price of the KeyFund to remain stable or increase.
- Transaction Fee: 3 simple functions which will support KeyFund, Reflection + LP acquisition + Burn In each trade + Dev Fee, KeyFund plans to charge 5% tax for each transaction.
Tokenomics
KeyFund is planned to be launched on BINANCE BEP-20 with a total supply of 110,000,000 and will not increase. The main function of KeyFund is as a utility token that can be used in various digital wallets that support the BEP-20 protocol. As explained earlier, KeyFund adopts a deflationary mechanism, this means that the supply of KeyFund will continue to decrease for each transaction until the target is reached. So those who buy KeyFund at a low price can expect to sell their token at a high price.
KeyFund Roadmap
KeyFund has a fairly clear roadmap, for example in early Q3 2021 the team will launch KeyFund, here the features of KeyFund can be used such as static rewards, etc. And then the team will do a pre-sale, where investors can get a fairly low price. And after the pre-sale, the team will burn the tokens that were not sold in the pre-sale. Then the team will list on various exchanges to introduce KeyFund to the wider community. After that, the team will recruit professionals to audit smart contracts and listings on Coingecko and CoinMarketCap. After listing, the team will launch KeySwap to facilitate crypto exchange. Once everything is running smoothly, the team will start doing further development to improve the user experience.
To conclude
There are plenty of DeFi platforms out there that offer pretty high rewards for staking LP. With LP token stakes, users will get rewards with a fairly high yield. However, the problem is that LP staking has an impermanent loss, so the user's assets may be reduced. And KeyFund is present as an autonomous token with a deflationary mechanism that will provide static rewards. No need to stake tokens, users just need to hold KeyFund tokens and they will get 1% of tax from every transaction. KeyFund has a smart mechanism, which will charge 5% tax for every transaction. Later the smart contract will automatically allocate to holders, the liquidity pool, marketing, and burning. With this mechanism, the price of KeyFund will remain stable and even increase in the future.
Connect with KeyFund
WEB: https://key.fund/
TELEGRAM: https://t.me/Key_Fund
TWITTER: https://twitter.com/Key_Fund
FACEBOOK: https://www.facebook.com/KeyFund-Finance-108116751546582
Writer
BTT Username: Bitloca
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