Quote from: TeraBite on Today at 09:29:09 AM

@OP you are very active in these days and posting a lot of DEFI projects. Are you part of these projects or what is the reason behind this. Who is behind this project even website is also looking empty about them than I will take it very high risk investment when we give our money to anonymous person. So you know who are in team members.

Hello I just posted a few I have invested in myself. This one actually looks like one of the better ones to me as they have spent a lot in advertising. Here is today's update and like I say in my main post, these are high risk instruments so always do your research. I am only relaying the news as it comes and I went here with a small investment myself. I am not heavily invested in the higher risk defi projects and want to primarily stake and earn income through staking and farming, so fro me, DeFi is very new also and am trading carefully right now.

Hope you had a nice weekend, Ive been working closely with the Dev team over the weekend to make sure that everything is on track. Theyve committed to deliver the staking 1 week before the borrowing which will be on the 17th Sep 2020.

Here is how Staking will work:
1- connect your wallet youll be able to see your FACT balance to stake.
2-choose the FACT amount to stake
3-we are going to start staking on only one pool called bonus pool which means that the annual reward is 55% on daily basis (0.15% Daily rewards). You have the flexibility to unlock the staking amount and withdraw your FACT anytime and get the full reward on the time of unlocking.
4-Bonus will work every 30 days once you complete 30 days youll be rewarded by 5% on the Staked amount immediately on the top of the regular rewards.
5-it means that if you stake 1000 FACT for 1 year the total FACT to unlock will be 2150 FACT.

Any borrower who will borrow the FACT will have to pay 2% on the borrowed amount in DAI as a start. This 2% will be fully distributed between the Stakers based on the share percentage of the total Pool.

Development progress:
1-Unit testing is done.
2-Staking code is 80% done.
3-Now we are following the quality checklist before the audit starts https://blog.openzeppelin.com/follow-this-quality-checklist-before-an-audit-8cc6a0e44845
3-During the week there will be a communication channel between the team and the Openzepplin team to complete the staking audit before launching it.

Our GitHub link for who wants to track the development progress will be shared later today.
Also we are going to make an AMA with the developer for who wants to ask for any technical details once he finish the smart contracts and submitting it for the audit.

Note: we are launching the Staking one week before borrowing, since the borrowers will borrow from the Liquidity pool that stakers will provide. this pool has a threshold to initiate the borrowing model of 20,000FACT to be staked therefore we have one week difference to make sure that the ecosystem is sustainable.

Listing updates:

Hotbit 1 trading pair instead of 3: (weve requested to have only FACT/USDT on Hotbit because since weve got listed on 3 pairs + Uniswap, The arbitragers have taken the advantage of having 3 trading pairs and it has affected the price and the volume even on Uniswap thats why weve asked the Hotbit team to list us as 1 pair which is (FACT/USDT) the price started to recover once theyve accepted that request and FACT value now is stable.

Hotbit Trading link:
https://www.hotbit.io/exchange?symbol=FACT_USDT

Uniswap Trading Link:
https://uniswap.info/token/0x23aeff664c1b2bba98422a0399586e96cc8a1c92

🔒We've updated the liquidity lock on UNC increasing the second pool which is was $20,000 and the POL score has increased again to 97%
https://unicrypt.network/uniswap-browser/pair/0xd2f24421f2793a0b10EEA1dA8404C7014Ab291aE🔒

🔥598,000 FACT the pre-sale unsold has been burned successfully
🔥20,000FACT has been burned on the 1st Sep as the minimum monthly FACT burning 🔥

https://etherscan.io/tx/0xec7272b31d46dbd4b768a482fd9d591159e7efb0c7ba3af71966ace47a7b2cbf?fbclid=IwAR1zFRIajTZyo6r3KKosmb3ExvifyOgw97zcIj4tgqvLGmcMjGnO8TWC5C8