Core analysis and review of a superb platform with incomparable staking rewards

nebuachampor (30)in #blockchain • 2 years ago

INTRODUCTION.

FROM time Immemorial the growth and development of the blockchain world cannot be overemphasized, but this comes with a lot of backlashes as certain blockchain enthusiast yell that most blockchain enthusiast do not meet the core needs and dreams of the present day reality. On amplification of these maxim I will be reviewing a project which will leave us with more answers than questions. Take a seat and read through what Astake platform is really about.

Astake provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it’s unique $ASTAKE.
Astake delivers the industry’s highest fixed APY, paid every 10 minutes, and a simple buy-hold-earn system that grows your $ASTAKE portfolio in your wallet at a lightning fast pace.

How It Work?
Buy
Buy $ASTAKE using SWAP protocols at BSC Pancakeswap exchanges or similar trading platforms.
Hold
Hold $ASTAKE in your wallet, AAP protocol will reward tokens by rebase mechanism every 10 minutes.
Earn
Hold $ASTAKE for a long time with the highest payout in the crypto market. You will have amazing profits after 1 year.

How Does Astake Protocol Work?

The AAP Auto-Stake feature is a simple yet cutting-edge function called Buy-Hold-Earn, that provides the ultimate ease of use for $ASTAKE holders.
Buy-Hold-Earn — By simply buying and holding $ASTAKE token in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 10 minutes.

Using a Positive Rebase formula, ASTAKE makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.0166% every 10 minute epoch period of the total amount of $ASTAKE tokens held in your wallet. The rebase rewards are distributed on each EBASE (10 minute rebase period) to all $ASTAKE holders.
This means that without moving their tokens from their wallet, ASTAKE holders receive an annual compound interest of 614,917.56% for Year 1.

Astake Insurance Fund

AIF (Astake Insurance Fund) is the acronym for the Astake Insurance Fund which is a separate wallet in Astake’s AAP system. The AIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the AIF wallet.
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 parameter, 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.

The Treasury

The Treasury is a very important role in Astake’s AAP protocol. It provides three extremely critical functions for the growth and sustainability of ASTAKE.

The treasury functions as additional financial support for the AIF. This additional support 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.

The Fire Pit

1% of all $ASTAKE traded are burnt in The Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling Auto-Compounding, reducing the circulating supply and keeping the ASTAKE protocol stable.
The other benefit to an everlasting burn of circulating supply is that due to the deflationary nature of it, equates to a higher value of each $ASTAKE token, therefore increasing the individual value

Auto-Liquidity Engine.

Market Liquidity is of utmost importance and plays a vital role in allowing the buy & sell of $ASTAKE tokens on PancakeSwap
In layman’s terms, think of Liquidity as a big pool of money that is split 50/50 between $ASTAKE tokens VS $BNB tokens. There is a conversion ratio that is set to the amount of $ASTAKE you can get with BNB.
When somebody buys ASTAKE, the price per ASTAKE will go up and the ratio above will also change at the same time to account for this. The same goes in the opposite direction for sells.
Liquidity allows for anybody to buy & sell their ASTAKE/BNB at anytime, however the less money/liquidity there is in the pool, the worse price you get so what our Astake Auto-Liquidity Engine (AALE) does, is add more liquidity to that pool by itself and therefore solving that issue.

How It Work?

Every 24 hours our Astake Auto-Liquidity Engine (AALE) will inject automatic liquidity into the market. On each buy or sell order there is a 3% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol’s smart contract is the mechanism which smartly takes the 50% of the amount of ASTAKE stored in the wallet, and will automatically buy BNB at the current market price.
The remaining 50% of ASTAKE in the Auto-LP wallet will be used for the ASTAKE side of liquidity, therefore giving equal an 50/50 weighting of ASTAKE/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool.
The AALE will do this every 24 hours by adding more and more liquidity to the pool which will allow $ASTAKE token holders to easily sell their tokens at anytime with little to no market slippage. It will also aid in maintaining protocol stability to make sure the APY is upheld for the entire life of ASTAKE.

Buy and Sell Fees Tokenomics.

ASTAKE buy and sell fees are an important component of the AAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as ASTAKE fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols.

Selling bonds also costs token holders. It reduces the amount of APY that can be offered and eliminates the ability to offer a stable APY.
The amount of the fees (8% for buys and 10% for sells) allows ASTAKE to provide $ASTAKE holders with the stable high yield of 614,917.56% annually.

Superb Team.

The team is super good and comes with a lot of overwhelming initiative as never seen in the BLOCKCHAIN world. The team is a collection of high experienced individuals in blockchain and cryptocurrencies, having seen this I'm quite sure that they will bring a significant difference in the BLOCKCHAIN world.

Concluding Notes.

I've been so excited ones more that I've found a superb project to review admidst the current bear market, this means a lot as it's crystal clear the project will experience enormous success.
I urge all followers and readers of my blog to invest early and not be left out.

For more information visit the links below

Get started

Huyenhuong
Huyenhuong
Follow
Apr 8

·
4 min read
·

Listen

Save

“ASTAKE holders benefit from a unique hybrid staking protocol, where interest is paid every 10 minutes.”

About Us
Astake provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it’s unique $ASTAKE.
Astake delivers the industry’s highest fixed APY, paid every 10 minutes, and a simple buy-hold-earn system that grows your $ASTAKE portfolio in your wallet at a lightning fast pace.
How It Work?
Buy
Buy $ASTAKE using SWAP protocols at BSC Pancakeswap exchanges or similar trading platforms.
Hold
Hold $ASTAKE in your wallet, AAP protocol will reward tokens by rebase mechanism every 10 minutes.
Earn
Hold $ASTAKE for a long time with the highest payout in the crypto market. You will have amazing profits after 1 year.
Key To Success

ASTAKE Token
$ASTAKE is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.0166% interest every 10 minutes just for holding $ASTAKE tokens in their own wallet!

Auto-Liquidity Engine
Auto-Liquidity Engine (AALE) will be performed automatically after 24 hours. For each buy or sell transaction, a tax fee of 3% is stored in the Auto-LP wallet, then automatically adds 50% to the liquidity and the remaining 50% will buy BNB at the current market price to balance the Pool.

Auto-Compounding
Cryptocurrency’s highest Auto-Staking and Auto-Compounding protocol with industry’s largest fixed APY of 614,917.56%. Interest rewards are accrued every 10 minutes for each BSC wallet holding any $ASTAKE tokens.

The Treasury
The treasury functions as additional financial support for the AIF. This additional support 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.

Insurance Fund
AIF is the acronym for the ASTAKE Insurance Fund which is a separate wallet in ASTAKE’s AAP system. The AIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the AIF wallet.

Fire Pit
1% of all $ASTAKE traded are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling Auto-Compounding, reducing the circulating supply and keeping the ASTAKE protocol stable.

Roadmap
Website Development
Whitepaper Documentation
Build Phase — Smart Contract
Build Phase — dApp V1 Dashboard
Deployment Phase — Smart Contract — Testnet
Solidity Finance Audit
Deployment Phase — Smart Contract Deployment — Mainnet
Deployment Phase — dApp V1 Dashboard
Initiate and Promote Discord Community
PR Marketing
Bounty Campaign
Pre-Launch Marketing
Fair Launch on PinkSale
PinkLock Liquidity Locked 15 years
Twitter Marketing Campaign
YouTube Marketing Campaign
CoinMarketCap Listing
Certik Application
Certik Listing
Certik KYC
Certik Audit
CoinGecko Listing
DappRadar Listing
Airdrop Campaign
SEO
Build Phase — dApp V2 Dashboard
Deployment Phase — dApp V2 Dashboard
On Ramp Integration
Cross-Chain Integration
Partnerships
Development Mobile Application iOS and Android
Launch Alpha Version Mobile Application iOS and Android
DAO
Merchandising
NFT Collections
Website https://astake.finance/
Telegram https://t.me/astake_finance
Twitter https://twitter.com/astake_finance
Discord https://discord.com/invite/XNfDwv76ca
wp https://wp.astake.finance/