Coco Swap Whitepaper
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🚀Smart Contract Features
Static Rewards, LP Acquisition, Manual Burn
A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in.
However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.
CocoSwap Protocol
COCOSWAP employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 7% fee, which is split 2 ways.
• 2% fee = redistributed to all existing holders
• 2% fee = Burned
• 3% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the COCOSWAP tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.
Last modified 10mo ago
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