Post
Topic
Board Tokens (Altcoins)
Topic OP
[ANN][SiFi]High interest savings through 5% trade fee redistribution mechanics
by
Cryptographian
on 29/01/2021, 16:56:20 UTC
High interest trade mechanics
SimianFinance (SiFi) is a fairly new, community powered Ethereum token that belongs in the DeFi/ReFi space of tokens. The Ethereum smart contract charges a 5% trading fee on all trades which is then redistributed among its community of holders. This redistribution happens instantly without the holder needing to stake or claim anything. The redistribution system is compounded meaning that if you hold 10% of the total supply, you get 10% of the 5% fee. These dynamics achieve two things: (1) it incentivizes big wallets to hold longer and only sell fee profits which in turn stabilizes the economy by pushing demand upwards, and; (2) it allows smaller wallets to grow bigger over time, and at an increasing rate. Collectively, holding SiFi serves as a high interest community savings account.

How to buy SiFi
  • Install an add-on Ethereum (ETH) wallet such as MetaMask in your browser.
  • Transfer ETH from an exchange (e.g. Binance) to your MetaMask wallet.
  • Add custom token in MetaMask with this address:
  • Go to Uniswap via this link and click 'trade'.
  • Connect Uniswap to your MetaMask wallet by clicking the icon on the top left.
  • Buy SiFi
  • If you get an error message when buying on Uniswap, try a round/even number of SiFi (e.g. 5555 not 5555.3) and increase slippage tolerance to 5% or above.

Roadmap and platform development
Plans for the platform outlined in their roadmap include launching a dashboard on their website with trading possibilities; establishing a fee ecosystem sustaining early holders; establishing a services platform where services (entertainment etc.) can only be paid for with SiFi; and establishing decentralized investment and banking platforms for the community to enjoy. In other words; the token will have extra utility besides only generating income by holding.

The token was launched without ICO or presale. LP tokens were burned. They have established a community burn pool for deflationary mechanics.

SiFi is traded on Uniswap.
5 million total supply.
MC $122k


Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0x2e571b6495a9e0cb52667a89bc7bbf77110c2802
Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0x4afb0aac9b862946837b2444566b8a914d6d0d97
Twitter: https://twitter.com/SimianFinance
Telegram: https://t.me/SimianFinance
Website: https://simian.finance/