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Friday, June 25, 2021

Antares Defi Coin Review: The Reliability Of Smart Contracts

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About Antares

Antares is a marketplace with an organized Internet platform that provides products and services of reliable and trusted companies. The main mission of the company is to make investments accessible to everyone. Antares Exchange is a centralized cryptocurrency exchange launched on September 1, 2020. It is located in New York, USA. This crypto exchange provides trading in BTC/USDT and ETH/USDT cryptocurrency pairs.

Antares team could not overlook this trend, and for six months, they have been developing a product that will become an integral part of the DeFi ecosystem. They are glad to inform you that DeFi Antares Token (dANT) was launched on December 22, along with new investment products built with the latest DeFi technologies.

Antares Trade is an investment project with an excellent technical background, which started at the beginning of March and is only now beginning to gradually appear on advertising platforms. A lot of attention has been paid to the platform – some investors have already joined it, others are planning to watch the asset for some time.

Quick Fact About Antares

Coin Basic Information
DEFI Coin Name Antares
Short NamedANT
Decimal18
LanguageEnglish
Total SupplyN/A
ExplorersClick Here To Visit
Twitter Group Click Here To Visit Twitter Group
DocumentationClick Here To View
Project Support24/7
Official Project Website Click Here To Visit Project Website

Decentralized Finance (DeFi)

Antares Decentralized Finance (DeFi) are technologies aimed at creating a transparent and open ecosystem of open-source financial services. The use of smart contracts eliminates the human factor, making DeFi products the most secure, simple and competitive solutions for the traditional financial system that involves banks. According to DeFi Pulse, there are more than $14 billion in total value locked in DeFi protocols, which confirms the serious potential of the decentralized finance industry.

Stablecoin

dANT is the first stablecoin that provides a fixed return on investment strategies, being not only a defensive asset, but also allowing you to increase capital in times of market volatility. Like any new technology, decentralized finance has its own specifics and weak spots. But what the Antares platform has done is a challenge to the entire DeFi market and a safe haven for all its participants! We plan to take the leading position in this area and keep it.

DAnt Token

dANT (DeFi Antares Token) is the first stablecoin that provides a fixed return on investment strategies, while being not only a safe-haven asset, but also allowing you to multiply your capital during periods of market volatility.

Antares value will always be maintained at the level of 1 USD due to market-making mechanisms. All payments for investment products are determined in advance and ensured by the open source smart contract.

dANT Tokenomics

  1. The dANT token is a stablecoin; its value will always be maintained at 1 USD through market-making mechanisms. All payments for investment products are predefined and secured with a smart contract code.
  2. The distribution of income is carried out evenly among all ecosystem participants, regardless of the stage of the project—no token price spikes.
  3. Antares intends to maintain maximum transparency of the dANT token economy for all users, and information on the number of tokens working in each investment product will be available to any user.

dANT Emission Methods

Antares Emission of investment products by smart contracts, that is, intended for payments under contracts of investment products and accrual of referral rewards. Smart contracts will be validated for etherscan, and their code will be public, so anyone can audit and review the rules for issuing new tokens: the emission takes place when paying for products and calculating referral rewards.

Initial emission is 10 million tokens, 2 million of which will be used to provide liquidity to the Uniswap pool. The remaining 8 million tokens will be used to meet demand from new users and maintain the token price at $1. To ensure transparency, such emission is managed through a multisignature address using a 24-hour timelock contract.

Thus, Antares will be a 24-hour time interval between any request for additional emission and the moment of its actual implementation. That is, an interval guaranteed by a timelock contract: all users will know about the additional issue in advance. It is also guaranteed that the company will not be able to issue and abruptly sell a huge amount of tokens—the issue will be carried out solely to meet demand and maintain a stable price of the token.

Automated market makers

  1. The Antares token is a stablecoin; its price will always fluctuate in a range close to $1. Automated market makers are responsible for this.
  2. As dANT tokens are staked in investment products, the equivalent amount in USDT will be distributed from the market-making wallet to the Antares ecosystem to generate profits.
  3. The market-making bot monitors the dANT/USDT asset ratio in the Uniswap liquidity pool in real time and balances the ratio of these assets at the right time by buying or selling the dANT token.
  4. To buy dANT and stake it in investment products, you must use a MetaMask wallet installed from an official source metamask.io.

How is the profitability of the dANT token secured?

Antares profitability of dANT is backed by the profit from the Antares business. Antares is a marketplace with an organized online platform that offers products and services of reliable and trusted companies. The launch date is March 4, 2020. Antares earns 10% of the income of all projects of funds and companies listed on the platform, as well as 10% of the income of each user who invests in any project on the platform.

At the moment, the Antares platform promotes such well-known and proven companies as Catalyst, Nexus, Aristo, and Synergy. Antares is also the developer of a high-margin crypto bot (ACB), the Coin Capitalization cryptocurrency monitoring service, the Buyex currency exchange service; Antares Market, an online platform for the sale of various goods; Antares Gambling, a gambling platform; the Antares Exchange cryptocurrency exchange, and much more.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.
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