As defi investors ourselves, we’ve been in the game long enough to notice innovative token functionalities when we see them.
After seeing the success of RFI and its passive yield generation factor, we’ve decided to add and adjust a few concepts to hit the market with Forge Finance.
FRG3 charges 4% tax on each transaction. 2% of the transaction fee is re-distributed to existing FRG3 holders instantly and automatically at the time of each transaction. A further 2% is permanently burned and sent to the (0x000) address.
The same features have been implemented on the smart contact as R3AP which allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees, thus 100% of the fees are distributed to the token holders and liquidity providers. The percentage of fees earned is calculated by the percentage of FRG3 that you own among all FRG3 holders.
The whole process is automated by the smart contract. No team or central party has to award the fees. No interface required to claim the fees. No action needs to be taken on your part other than to hold FRG3 in your wallet.
Forge Finance combines deflationary tokenomics with the incredible passive yield farming concept that RFI has brought to defi.
On top of the constant deflation and passive earning tokenomics, Forge Finance will conduct what we consider to be a ‘fair launch’. While this definition may vary from person to person, it is an extremely difficult thing to do perfectly. Therefore, we will be combining a few tactics that we have seen implemented before, and have been successful in their own regards:
- Maximum buy limit of 2,500 to prevent bots from infiltrating and hogging the listing supply
- Presale allocation minimum/maximum of 1 eth to ensure even liquidity distribution — NO FRG3 tokens will be reserved for shillers. A small allocation of 7 whitelist spots will be available for respected, genuine shillers.
- Developmental direction, not just a ‘deploy and leave’ token. — Community based. We will hear your feedback and response accordingly, with the development of the project in mind.
Initial Supply: 100,000
Rewards: 2% On Every transaction split between holders
Burn: 2% permanently burned and sent to the (0x000) address.
Presale : 50,000 FRG3
Uniswap Liquidity: 42,500 FRG3
Team: 6,500 (50% of tokens will be locked for 1 month)
Prize Giveaways: 1,000 FRG3
Presale Price: 909 FRG3 per eth
Listing Price: 850 FRG3 per eth
How to Participate in the pre-sale?
The presale will be conducted at 4pm UTC on the 14th of DECEMBER 2020.
Allocation for the presale will be capped at 1 ETH per person and participants will be selected on a first come first serve basis via google forms.
FRG3 is an experimental token. Investing into such a token is a high-risk activity aimed towards experienced traders familiar with blockchain technology and cryptocurrency trading. The FRG3 smart contract has been extensively tested, however upon deployment to the main network, errors and/or malfunctions, unforeseen to the development team, may arise. Hence, investors are aware of the absence of any legal action against the development team in case of the FRG3 token losing part or even totality of its value.
Forge Finance will continue to grow with honest intentions. 5 eth has been kept from presale for further development only. Team will not dump tokens for profits, only to pay for what is needed to grow the project.