iBNB Finance, the First Dynamic DeFi Token on the Binance Smart Chain (BSC), to List on BitMart Exchange
BitMart, a premier global digital asset trading platform, will list iBNB Finance (iBNB) on July 30, 2021. For all BitMart users, the iBNB/USDT trading pair will be officially available for trading at 4:00 AM EDT.
What is iBNB Finance?
iBNB is the first dynamic DeFi token, with a reward pool generating protocol built on the Binance Smart Chain. It aims to provide investors with a recurring dividend which currently provides the highest ROI within the entire cryptocurrency scene.
iBNB’s main focus is to prioritise the replenishment of the reward pool as much as possible while also maintaining a healthy amount of liquidity in the Pancakeswap trading pool to sustain itself during periods of high and low volume.
Fundamental (Decentralised) Mechanics
Dynamic Tax Protocol
The Dynamic Tax Protocol (DTP) is a revolutionary new mechanic that adjusts it’s tax rates to sustain and rejuvenate supply pools. DTP refills the liquidity pool when needed and fully prioritises the reward pool when liquidity is healthy. The DTP assures the financial health of the token for long-term sustainability.
Reward Contributions is a fundamental system design for large BNB claims and transactions to contribute back to the community in an inclusive manner. In order to ensure that every investor gets a fair share of rewards, those with the largest claims contribute a small portion back to the reward pool relative to the size of their claim.
iBNB is the first token to introduce scaling tax brackets for large sellers. The more an investor sells in one transaction, the more tax will be applied to the transaction, on top of the existing 10% transaction tax. Furthermore, transactions that are expected to disrupt the financial health of the token are rejected in order to protect our investors and maintain economic stability.
As iBNB core wallets contain a significant amount of supply, we employ off-chain mechanics to supplement the financial health of the token by executing automated buybacks, slow-burn protocols for deflationary effects, and additional community-backed protocols. As BNB claims (which may also be seen as dividends) are received in these wallets, iBNB utilises incoming cash-flows to support the sustainability of the token and further the development of iBNB.
As this is a community-driven project, the iBNB team will listen to the opinions and concerns of the community. If a requested change gets a majority of the community backing, we will be open to the idea of making amendments to any such feature if it is beneficial to the long-term prospects of the ecosystem
nBNB, The Network
nBNB is a network of unique, value-providing tokens which are interconnected and supported by the iBNB team and community.
iBNB is considered the fundamental token in this network. Within the community, iBNB is referred to as “The Mothership” from which new projects are released. Every new project that is released onto nBNB, either by iBNB or partnerships by external partnership (thoroughly analyzed and vetted by the iBNB team), contributes a transaction fee (minimum 1%) directly towards the reward pool (or dividend pool) of iBNB, which consequently pays out rewards (or dividends) to investors either on daily basis (decentralised exchange) or monthly basis (centralised exchanges). This means that as the network grows, more transaction fees are directly transferred to the reward pool (or dividend pool) of iBNB depending on the volumes brought by additional projects/tokens. Within the next 2 months, nBNB is expecting to add 2–4 new projects onto the network.
Special (Centralised) BitMart Mechanics
Exchanges offer large volume and stability. Thanks to this and the outstanding joint collaboration of BitMart and iBNB, token mechanics offered start at a flat transaction tax of 14% on each transaction which accumulates over a month and is paid out in BNB dividends to investors according to their holdings at the beginning of each month. To the average investor, this translates to a reward that is similar to a salary. To the educated investor, this translates to an accumulation and payout of high ROI monthly dividends.
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About iBNB Finance?
iBNB is the first Dynamic DeFi token that adjusts it’s tax rates to sustain and rejuvenate supply pools, building upon existing transaction tax systems used by a large number of existing DeFi tokens by introducing a revolutionary new mechanic: Dynamic Tax Protocol. To learn more about iBNB Finance, please visit their website, follow their Twitter and join their Telegram.