$rcore By Defi Prophets - The Next Level Of Yield Farming

Discussion in 'Forex - Currencies Forums' started by Shariar Porosh, Oct 13, 2020.

  1. Shariar Porosh

    Shariar Porosh Senior Investor

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    $RCORE



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    Coingecko: Coming Soon

    CMC: Coming Soon

    Uniswap: Coming Soon

    Token Contract address: Coming Soon


    $RCORE by DeFi Prophets

    Telegram: https://t.me/defiprophets




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    $RCORE is a deflationary cryptocurrency with a supply cap designed to be self-sustaining and self-rewarding based on positive price pressure from token burning and triangular arbitrage between RMPL-ETH-RCORE pairs.


    $RCORE is built with the goal to sustain its APY for stakers and to reach continuously higher token prices. Unlike other farming methods where farms are constantly minting coins, which dilutes the overall value over time, $RCORE has a fixed maximum supply, which decreases on every transaction via token burning.


    Additionally, in other farms the APY will reduce to 0% when there is no trading, RCORE however is designed with triangular arbitrage opportunities to create trading pressure — by creating these trading opportunities arbitrage traders and arbitrage bots will be constantly buying and selling driving a higher and sustainable APY.


    If you are buying RCORE using ETH or RMPL on Uniswap there is a 1.05% fee, otherwise all other trades are 2.1%.

    Buying RCORE on Uniswap using ETH or RMPL 1.05% fee breakdown
    - 0.5% is farmed by users who stake the liquidity tokens
    - 0.5% of the transfer amount is burned — decreasing the supply continuously with every single transfer and trade
    - 0.05% is added to the dev fund

    All other trading 2.1% fee breakdown
    - 1% is farmed by users who stake the liquidity tokens
    - 1% of the transfer amount is burned — decreasing the supply continuously with every single transfer and trade
    - 0.1% is added to the dev fund


    This means that those holding tokens are able to farm without infinite inflation and without worrying about the APY dropping to 0 because of a lack of trading.


    Q: When will I be able to buy $RCORE?
    Tuesday, October 13th 12:00 UTC launch of LGE — Uniswap listing is 24 hours later on Wednesday, October 14th 12:00 UTC
     

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