Jun 7, 2021
The Nearest Galaxy
Introducing Andromeda Finance, the third generation yield farm on Binance Smart Chain. Andromeda has numerous features which include harvest lockup, automatic liquidity adding & burns, an anti-whale mechanism, and an on-chain referral system.
Here is the information for the presale of ADR token:
Starts: 10th June 1pm GMT https://countingdownto.com/?c=3648899
Duration of Presale: 36 hours
Price per token: 1 BUSD
Max per wallet: 1000 BUSD (1000 ADR)
Hard cap: 50,000 BUSD
ALL unbought ADR will be burned during the actual launch.
Liquidity will be provided on 12th June at 3 am GMT https://countingdownto.com/?c=3648910 and farming will begin on block 8237000 https://bscscan.com/block/countdown/8237000
Contract details:
Token: 0xC4C11d45f3563033Ed1e86f6d21C8BE6C98017eB
Masterchef: 0x775379E3F10446384536095Ed2681c2240394203
Timelock: 0xdA5c5b34f9D414bD05cf983614C20CF50D529770
Features
Automatic Liquidity
For every ADR transaction, 4% of the ADR will be used to be converted to ADR-BNB LP tokens.
With more ADR-BNB LP tokens, it will improve the overall liquidity of the ADR-BNB pool, improving the price impacts. Users can then lower their slippage tolerance and prevent getting front-run by bots
Automatic Burn
Similar to Automatic liquidity, 1% of ADR transactions will be burnt automatically by sending to the dead address. This is done to endure that inflation is reduced once farming begins.
Harvest Lockup
Harvest lockup is a unique and creative farming rewards lockup mechanism. This mechanism can help us limit the frequency of harvest to prevent farming arbitrage bots from constantly harvesting and dump.
For example, the harvest lockup of the ADR-BUSD farm is 3 hours. It means that farmers who stake in the ADR-BUSD farm can only harvest (claim their rewards from farming) every 3 hours.
You can check the harvest lockup on each farm card.
To clarify, the harvest lockup only locks users’ farming rewards. The tokens and LP tokens staked in farms can be withdrawn anytime.
Anti Whale
Transfer more than 3% (current ratio) of the total supply will be rejected. As the total supply grows, this ratio will be reduced.
Deposit or withdraw tokens to the farms will not be subject to this restriction.
You can view the max transaction amount on our website:
Referral
Being alone in an entirely different galaxy is definitely lonely. This is why we have our on-chain referral system put in place to encourage users to get peers into Andromeda Finance as well!
Enjoy 3% of every harvest made by the referee when you use your unique referral URL.
Simply enter https://www.andromedadefi.com/referrals and connect your wallet to get your unique URL.
Security
No Migrator Code
There is no migrator code and this means that funds staked in Andromeda Finance will not be moved by anyone except the user. This ensures that funds are safe as nobody will be able to migrate the funds that are staked in Andromeda Finance.
Timelock
Timelock delay has been set to 12 hours. This means that should the developers decide to change the contract, the effect will only be seen after 12 hours.
You can take a look at our timelock contract address to verify it.
Timelock: 0xdA5c5b34f9D414bD05cf983614C20CF50D529770
Links
Here is a list of useful links that may help you learn more about our project:
- How does farming works: https://www.youtube.com/watch?v=4nSLa3vJbOY
- Difference between farming and staking: https://www.youtube.com/watch?v=xw22FB43n58
- Where to farm: https://www.andromedadefi.com/farms
- Where to stake: https://www.andromedadefi.com/pools
Visit our social media pages and groups below:
Telegram: https://t.me/andromedadefi
Twitter: https://twitter.com/AndromedaDefi
Medium: https://andromedadefi.medium.com/
Website: https://www.andromedadefi.com/
