nar mining

Liquidity mining on Narwhalswap

Liquidity mining on Narwhalswap. These days, DeFi, AMM and Yield Farming have increasingly become a broadly discussed topic among the crypto communities, especially with many new interesting projects emerging. The AMM+Yield Farming Model in particular, is one of the most popular genre of projects. Narwhalswap is an AMM protocol but is on Binance Smart Chain. NAR is the governance and equity token of the Narwhal ecosystem. The most of NAR is mint by liquidity mining.

Narwhalswap Protocol

Narwhalswap Protocol Analytics

Users holding NAR can participate in community proposals and decisions, and receive dividends continuously.The Narwhalswap protocol will allow the staking of other project’s tokens, which will provide the trader with an NLP token. With this NLP token, you will be able to earn NAR tokens as well as the use of rNLP tokens for liquidity mining in other quality projects of the BSC network.

The Narwhalswap launch set of Liquidity Pools (LPs) for farming NAR tokens:

1) NAR/BNB Liquidity Pool  20% of the Mining pool (4,200,000 NAR)

2,100,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.

Narwhalswap NAR/BNB LP Token address: 0xb6B0ba4e208AB93602be7a81f1400a7c7Daad1f2

2) BUSD/BNB Liquidity Pool  8% of the Mining pool (1,680,000 NAR)

840,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.

Narwhalswap BUSD/BNB LP Token address:
0x5ec32c21c9a6215d239f2bd0df22d7632b4717c3

3) USDT/BNB Liquidity Pool  5% of the Mining pool (1,050,000 NAR)

525,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.

Narwhalswap USDT/BNB LP Token address:
0xb35513a130ce5bcff1154d055b21368c8822c00d

4) DAI/BNB Liquidity Pool  5% of the Mining pool (1,050,000 NAR)

525,000 NAR will be distributed during the first week of liquidity mining. With the weekly halving mechanism, the distributed NAR amount for this pool will be decreased 50% of the previous week.

Narwhalswap DAI/BNB LP Token address:
0x8e68f1ad3ce2e7b01ecdfd0870d645cbe446e4b1 

Token Supply and Distribution 

The total supply of NAR tokens will be capped at 21,000,000 NAR.

525,000 NAR  are initially allocated to Team Developers Community Supporters for contributing in the longterm. This allocated can’t be unlocking over 1% of the circulation supply.

787,000 NAR  are allocated for DAO. This allocated depends on community proposals and decisions.

1,575,000 NAR  are allocated for Pre-Sale & Whitelist. This allocated used to raising funds for Initial Add liquidity of NAR.

1,102,500 NAR  are allocated for Narwhalswap Liquidity. This allocated used to Initial Add liquidity of NAR.

210,000 NAR  are allocated for airdrop program. For growing community need to be using this allocated for bounty campaign and community campaign.

The remaining 16,800,000 NAR (80%) tokens are intended to be mostly distributed to liquidity providers.

Destruction of NAR

nar

Destruction of NAR

When a user transfers NAR token, that is when calling the transfer interface and transferFrom interface of the smart contract, 5% trading fees will be deducted, 2.5% of it will be directly destroyed, the remaining 2.5% will be transferred to the dividend pool.

From this amount:

70% is redistributed back to the users who are providing liquidity

30% is distributed back into a DAO savings

Now this is where it gets interesting. These funds which are kept will ultimately be used to fund community vote projects. That’s all I can share about at the moment, stay tuned for the launch of this!

Conclusion

Narwhalswap is aiming to expand DeFi ecosystem on Binance Smart Chain. The most powerful chain at this time. Recently, we’ve seen a boom in DeFi. But the native chain of DeFi is becoming more and more congested. Slower but more and more cost. They focus on expanding the DeFi project on this chain to overcome barriers and make glorious the world of DeFi.To solve this problem and move towards better sustainability, they at Narwhalswap have created a protocol to optimize the system. It’s time to move forward with Narwhalswap.

Official website: Narwhalswap.org

Telegram: https://t.me/narwhalswap

Twitter: https://twitter.com/narwhalswap

Medium: https://medium.com/narwhalswap/

Published by: https://bitcointalk.org/index.php?action=profile;u=2570781

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