New and innovative Yieldfarm on BSC (Binance Smart Chain), started 26.08.2021
Unique Tokenomics !
https://moneytime.gitbook.io/timeismoney-fi/
Instant Buyback and Burn - many deflationary mechanisms
https://moneytime.gitbook.io/timeismoney-fi/tokenomics/usdmoney-burn-and-buy-back-mechanism
https://moneytime.gitbook.io/timeismoney-fi/tokenomics/fees
The mission of moneytime.finance is to create a secure, long-term yield platform and valuable reward token ($MONEY) with multiple use-cases.
Liquidity providers are rewarded with a tool token ($TIME) which can be staked for a pre-determined time period to earn $MONEY + Airdrop every week for Liquidity Providers !
Copy+Paste yield farms are launching left right and centre on Binance Smart Chain with no regard to the benefit of the users.
Bad token economics cause projects to be abandoned very early on, with only a few early users and developers profiting from the scheme.
The native reward tokens get harvested as quickly as possible and immediately dumped on the open market, accelerating the token's value towards zero.
🎯 We aim to solve this issue.
moneytime.finance is designed with one purpose in mind: to create positive price performance on top of great yield.
To do this, we need to counter-balance inflation by incentivizing users to stake & hold the native token instead of selling.
We solve this by rewarding LPs according to their staking lenght - they commit to stake their $TIME token for a specific length of time and cannot mint their rewards until the full time has been served.
The system has open buy-side pressure (because users buy the token to participate), but sell-side pressure keeps getting pushed into the future.
🏆 In summary:
Stakers who lock up their reward token in moneytime.finance benefit greatly, especially for longer stakes.
This in turn has great impact on the price stability of the token, because it removes sell pressure and promotes longer-term holding behaviour!