Post
Topic
Board Tokens (Altcoins)
Re: KawaiiSwap Finance the cutest DEFI app on Binance Smart Chain
by
No_Limit
on 08/10/2021, 11:59:08 UTC
I have a question to the team about the upcoming update. You say you are going to reduce the deposit fees for non-native coins from 4% to to 2%  on today (Friday). According to the docs, this revenue is used to buyback and keep the price stable. If this income is decreased, I don't think this will not be good for the price and us as holders? Furthermore, this will make buying non-native coins more attractive and I think we should try to get more people buy and hold calcifer? But maybe I'm wrong. I'm curious to your view on this.


With low apr 4% is huge demotivation for new users on non-natives;

big projects like apeswap f.e. don't have deposit fee at all in farms and pools, but they have AMM to earn form trading fees. We will have it also later, but for now we dont. While to continue marketing and develop this project further team also needs getting funds into budget.

So 2% will be more attractive to new members. But theat doesnt mean Calcifer token won't be attractive. Tomorrow you will get some really great news, much better that deposit fee reduction.