A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in.
However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.
AUTOMATIC LIQUIDITY POOL (LP)
Automatic LP is the secret sauce of KeyFund. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor.Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of KeyFund as a reward for the holders. In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply.
As the KeyFund token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function.
TOKENOMICS
AUTO BURN
Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked.
KeyFund aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of KeyFund burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
KEYFUND TRANSACTION FEE
KeyFund employs 3 simple functions: Reflection + LP acquisition + Burn In each trade + Dev Fee, the transaction is taxed a 5% Fee.
● 1% Goes to holders (instantly without fees)
● 2% Locked into liquidity forever(allows trading)
● 1% Spent on outreach to make us grow*
● 1% Directly burnt to dead address
ROADMAP ( 2021 – 2022 )
● Q3 – KeyFund launch (Permanent liquidity locked)● Q3 – Burn unsold token
● Q3 – Listing on exchange
● Q3 – Smart contract audit
● Q3 – Listing on Coingecko and Coinmarketcap
● Q3 – KeySwap launch
● Q3 – Aggressive marketing
● Q3 – Further ecosystem development
Visit official website on KEYFUND
Visit official social media:
▶ TELEGRAM
▶ TWITTER
▶ FACEBOOK
▶ ANN THREAD
▶ REDDIT
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