MOZARTFINANCE - Your Next BSC Based Defi PlatformsteemCreated with Sketch.

in #mozartfinance3 years ago (edited)

The development of the defi project that runs in the Smart Binance chain, which was launched in September 2020 and fostered the environment to develop high-performance decentralized applications (DAPPs). In addition, the smart binance chain was built for compatibility with binance chains to ensure a smooth operating system for users, one of which is Mozart Finance who made a piano token.

The Smart Binance Chain offers smart contracts and compatibility functionality with Ethereum Virtual Machine (EVM). Leaving a high throughput of the binance chain has no big influence when introducing a smart contract to its ecosystem and encouraging the application of DAPPs. With the advantages provided by the Smart Binance chain now rank one in Debankdefi.

The Defi sphere has already proven to be one of the strongest sections of the crypto sphere, surging in adoption faster than other crypto projects like NFTs. Defi platforms offer services like staking, Swapping, yield farming, Defi lending, and decentralized exchanges.

Although beneficial, Defi is clouded with problems like lack of proper token valuation and burning policies, large volatilities caused by market manipulations and lack of adequate communication with the community among others.

A new platform, Mozart Finance promises to eliminate these issues. Moreover, it plans to thrive over its peers by offering top quality services.

Mozart finance is a Binance Smart Chain based Defi project providing a world of opportunities for a user to earn maximum income. It aims to provide services that will make it thrive above its peers in the BSC network and Defi sphere in general.

Among the services that Mozart finance will inculcate include yield farming, staking, and exchanges. Moreover, it will later implant lending, betting, and multiple other benefits. The idea is not to replace the existing platform but to provide a more robust, faster, more secure, scalable, and convenient alternative for investors.

Immunebytes is a start-up security to provide professional services and has experience of conducting smart contract audits, penetration testing, and security consulting in the Blockchain room. One of the audits they have worked on such as Aave, Compound, Swissborg, OX protocol, uniswap etc.

With the existence of a smart contract that has been audited, the team has given trust to the community and investors. While President Soldout only takes only 5 minutes and the launch of the ETA for agriculture our results is Sunday March 28. Judging from the rapid precallenya piano tokens have been trusted as a good project in the first time and not to miss to follow the farm to get piano tokens

Mozart Finance Token

Mozart has a unique BEP-20 native token dubbed PIANO for securing the network in the long term. This token will serve as the primary payment currency, serving as a base for some liquidity pools. However, there will be other pairs with other assets. Moreover, investors will have the freedom to stake the PIANO tokens and await rewards.

The PIANO token prices will be stable and deflationary owing to the policies instituted. The deflationary feature will be achieved by leveraging the following;

This platform will be burning 1% of the tokens from every transaction in a perpetual nature. This burning will help ensure the number of tokens circulating is balanced.

The deposit fee charged will also help in bolstering the token's deflationary aspect. 50% of these deposit fees paid will buy back the PIANO tokens.

The platform will be decreasing the emission rates between the first and third week. After the third week, the emission rate will remain 0.25 PIANO per block permanently.

Mozart finance embeds many features to help investors earn, with the first having being discussed above- yield farming and staking.

However, the platform will be introducing other excellent services like;

  • Decentralized betting- crypto-based gambling is gaining momentum today. Mozart is introducing a blockchain-based lottery system.
  • NFT- Non-fungible tokens have made vast growth in 2021 and will grow further in the future. Mozart aims to be part of that disruption by introducing NFT support in the future.
  • Top functional exchange platform- Mozart network will also be embedding an exchange network for investors trading benefits.
  • Crypto lending platform- In future, the platform will implant a lending platform and allow investors to earn interest at reasonable rates.
  • According to the platform's medium page, community involvement is one of its future priorities.
  • IFO partnering with other vital projects.

Fabulous burn mechanism

  • 1% of every transaction will be burned
  • Deposit fees will be used to buyback tokens (will explain soon)
  • Any unsold tokens from pre-sale will be burned
  • Team will randomly burn tokens each week to keep the price higher
  • Starting liquidity tokens will be burned in first 3 weeks

Farming

  • Become a symphonist by farming PIANO with highest possible APR
  • Farm different pools
  • Voting system — community can decide about adding new pools
  • Lottery (soon), NFT (soon), Decentralized Betting (Q2), Lending (no ETA),IFO (no ETA) , Community Idea

Contract Audits for Investment Security

Mozart platform also introduces the platform's auditing to ensure the system remains highly dependable and convenient for users. Already the first audit of the platform's smart contract was completed a few days ago by ImmuneBytes.

Immunebytes is a startup blockchain security platform focusing on audits of smart contracts, security consulting, and penetration testing. The audits of Mozart's systems by ImmuneBytes have shown much success; thus, it's true that users' security will be top-notch.

However, according to the recent release, the only audited section of the platform is the PIANO token audit. The platform is still working to receive three other reviews for their contracts in a few days. Presale should last a maximum of 5 days, but all pools will launch only when the audits are returned and affirmed.

The platform has set up a great token economics structure to ensure the public will have excellent access to the token and maintain the platform's reliability. The original total supply of these tokens is 9.6 million, but currently, the minted tokens are 100,000 PIANO. These tokens will be participating in the initial launch of the pre-sale phase. Here is how the tokes are apportioned;

  • 55% of the tokens(55,000) will be sold in the public presale.
  • 40% of the tokens (40,000) are going into liquidity lockers
  • The last 5,000 tokens(5%) will go to the platform's marketing and advertising.

27.5 PIANO tokens are equal to 1BNB token. Mozart finance sets the soft cap at 22,000 PIANO, equivalent to 800 BNB. The hard cap is 55,000 PIANO, similar to 2000BNB.

During this presale, every wallet can purchase a minimum of 0.2BNB and a maximum of 20BNB worth of PIANO.

Mozart finance already completed their presale and hit their hard cap of 2000BNB in 5 minutes. It's clear that investors are already noticing the great prospects of this token and the platform in general.

The platform is audited by ImmuneByte, one of the best blockchain auditors to strengthen the platform's security. Already the token is proven safe, but soon other reviews about the platform will be released. Mozart won't start any yield farming till the audit reviews are released to assure investors of top security.

The platform is launching soon, therefore every investor should be ready to enjoy the benefits.

Conclusion

Mozart Finance encapsulates the current drive to find Ethereum alternatives in the DeFi space. The platform intends to offer a complete ecosystem that is deflationary and inclusive in nature. Because Ethereum is at all-time highs in gas fees, Mozart Finance could prove a valuable asset moving forward.

The official project social media website:


This article published by fauzan123

Bsc Address : 0xcAD9187D8fB2528e2e464d49d3e11c4848821741

#mozartfinance #defi #cryptoaudit #binancesmartchain

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