CobraSwap Airdrop – The First AMM with Anti Whale function and the most profitable farm option on Binance Smart Chain with the biggest referral bonus. They have the lowest exchange rate on the market is 0,088%. CobraSwap is the first AMM with Anti Whale function and the most profitable farm option on Binance Smart Chain with the biggest referral bonus.
CobraSwap is giving away a total of 4,000 COBRA to 100 lucky participants. Complete simple social tasks and submit your details to the giveaway page. Hundred lucky participants will be randomly selected to win 40 COBRA each.
Follow them on Twitter and retweet this tweet using hashtags #Airdrop #Airdrops #giveaway #bsc #cobraswap #defi and also tag three friends.
Join their Telegram channel.
Submit your details to the giveaway form.
A total of hundred participants will be randomly selected to win 40 COBRA each.
The rewards will be distributed on June 28th.
COBRA now has a 0,088% transfer tax in each transfer. 40% is burned directly and the rest 50% is added to the COBRA-BNB liquidity pool and locked. This deflationary mechanism will help us to reduce the circulating supply of COBRA tokens. 10% goes to Insurance Fund (SAFU).
Unlock your wallet to get your unique referral link
Share your referral link with your friends
Every time your friends get rewards from farms, you will receive referral commissions automatically
The current referral commission rate is 3%
How Does Token Burning at CobraSwap Work?
The practice of burning may involve the project’s developers buying tokens back from the market or burning parts of the supply already available to them. Cobraswap has two deflationary mechanisms in place.
40% of the trading fees are used for the burn.
40% of all minted tokens burn every 3 seconds on BSC chain.
20% of all lottery price pools burn twice a day.
33 000 000 tokens (37,5% of initial mint) have reserved for a burning mechanism that will deliver a fair price of the token and will control liquidity and price impact of the token price. Within the next 6 months, we burn 100% of these tokens, every 3 days we burn 550 000 tokens.
What Is Token Burning?
Token burning is the process of permanently removing coins from circulation, thereby reducing the total supply. Token burning is usually performed by the development team behind a particular cryptocurrency asset. It can be done in several ways, most commonly by sending the coins to a so-called “dead address”. Its current balance is publicly visible on the blockchain, but access to its contents is unavailable to anyone.
Why Is Token Burning Important?
CobraSwap Airdrop are several benefits of a coin burn and they are as follows:
Increase in the value of the token
This is probably the most well-known benefit of a coin burn. Coin burn reduces the overall circulation of the token, thereby the overall supply decreases. It might potentially result in an increase in the value of the token. The constant burning of the coin helps to keep a steady value.
A steady value of the token
CobraSwap Airdrop Constant token burning helps to keep a steady value of the token and it also bets for a long-term price increase. Coin burn can potentially make the holder’s token more valuable than it was before the burn.
Insurance Fund (SAFU)
Cobwap SAFU is an emergency insurance fund for all our users. Starting from the launch date, 10% of all trading fees will be allocated to a specific wallet to protect all the users and their funds in case of an emergency. All the funds will be stored in a separate wallet.
CobraSwap Airdrop is not responsible for the financial losses that have occurred because of users’ fault! For instance, if you have lost your crypto assets because of a stolen seed phrase, CobraSwap SAFU is not going to cover your losses!
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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.