Introducing Diamond Hands Finance 💎, the lowest hard cap reflective deflationary protocol on the Binance Smart Chain!
WHAT IS DIAMOND HANDS FINANCE💎?
Diamond Hands Finance is a protocol capable of generating holders gasless yield! $DIMND token holders NEVER need to stake their tokens in any smart contract to earn a yield! (although soon after launch users can farm their LP tokens to earn more $DIMND — read below!). We achieve a gassless yield by carrying out a 7% charge on every transaction associated with the $DIMND token. 3.5% of this is burnt and 3.5% is distributed among holders. This version of staking is called flexible staking and will generate holders a stable yield in a secure manner while they can enjoy the price appreciation due to a constant deflation. We only have 50,000 $DIMND tokens!
LOTTERY 🍀
We will focus a lot on gamification a lot in this project. We decided we will implement a lottery soon after launch where 70% of the tokens go to 1 lucky winner twice a week! The other 30% is burnt. We hope this increases deflation and will regularly subsidise the lottery from our marketing fund to make it a success!
NFTBAY 🖼️
Another feature we will implement soon after launch is the NFTbay! The NFTbay is a marketplace for users to buy, sell and mint NFTs! NFTs are not only the next big hype in the crypto world, we believe that NFTs will revolutionise ownership not only in crypto but in the real world aswell. Users are able to set up auction events aswell! We hope the NFTbay can be an environment where users not only sell cool digital collectibles, but trade in ownership of various real world items — from a concert ticket to real world memorabilia and everything in between. We will charge a flat rate of 5BUSD for users to mint NFTs. We will also charge 3% for purchases and 4% for sales! 70% of the proceeds will be used to buy and burn $DIMND the other 30% will be distributed among $DIMND token holders and yield farmers with farmers earning 70% of this pool.
YIELD FARMING⛏️
Although we generate users yield without them needing to stake, we believe that to enable real stability we feel we need to have reasonable liquidity among our pools. To incentivise users to deposit liquidity into our pools we will have a yield farm consisting of the $DIMND/$BUSD and the $DIMND/$BNB pools on pancakeswap! We have allocated 10,000 $DIMND tokens towards our farms with 5,000 tokens being released to farmers in the first year! The following year this will change to 1,000 a year until the tokens run out! *There will be no migrator function in the contract as we have no intention ever of moving any user funds around*
DIAMOND HANDS FINANCE TOKENOMICS📈
- Diamond Hands Finance has 50,000 $DIMND tokens. Diamonds are rare, so we feel it is quite fitting :)
- 30,000 tokens have been allocated towards our presale. The presale values a $DIMND token at 0.01BNB or $2.67(roughly). The presale will be on a first come first serve basis with users receiving their tokens instantly via smart contract. All proceeds of the presale will be locked via unicrypt for 3 months. The official launch on pancakeswap will occur the moment the first participant enters the presale!
- 10,000 tokens will be allocated to yield farmers
- 5,000 tokens are allocated to the team fund
- 1,000 tokens are allocated to the presale airdrop. 2 lucky participants will earn 500 $DIMND tokens each regardless of their participation size. There will be a short form for users to fill to enter the lucky draw!
- 4,000 tokens have been allocated towards marketing. These tokens will only be issued to $DIMND token holders within the community for their efforts getting the $DIMND token name out there! We’re watching social media so we will contact our biggest fans and give a little thanks from time to time. We will also use this pool to fund social media competitions and pay member/developers for their help with this protocol!
Follow our socials below :
twitter : https://twitter.com/financehands
telegram: https://t.me/diamondhandsbsc
website: https://diamondhandsdefi.org
token tracker: https://bscscan.com/token/0x3aa21899d92e54e44faec72649a05758c8812985
