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Home » Blog » Simurgh Finance Defi Review: Simurgh Finance Is Safe & Secure Defi
DEFI

Simurgh Finance Defi Review: Simurgh Finance Is Safe & Secure Defi

Cws Team
Last updated: 11/05/2023 8:04 PM
Cws Team
4 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Simurgh Finance Defi Review: Simurgh Finance Is Safe & Secure Defi
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About Simurgh Finance

Simurgh Finance is an automatic liquidity acquisition yield farm running on Binance Smart Chain with lots of unique and creative features that let you earn and win. This mechanism can help us limit the frequency of harvest to prevent farming arbitrage bots from constantly harvesting and dump. You can check the harvest lockup on each farm card. The migrator code has been removed from the MasterChef contract. Timelock will be added to the MasterChef contract before launch.

Contents
  • About Simurgh Finance
    • Quick Fact About Simurgh Finance
      • Automatic Liquidity
      • Automated Burning
      • Harvest Lockup
      • Anti Whale
      • No Migrator Code
      • ​Timelock
    • Deposit fee redistribution
    • Emergency Withdraw
    • SIMURGH (TOKEN)
      • Basic Information
      • Transfer Tax
      • Emission Rate
    • Anti Whale
    • Why Simurgh ?
      • Disclaimer:

Quick Fact About Simurgh Finance

Coin Basic Information
DEFI Coin Name Simurgh Finance
Short NameSIMURGH
ChainBinance Smart Chain
Contract Address0xE7df368e774976d0E21c4E6537aE4B07904D731d
SourceClick Here To View Source
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

Main Features

Automatic Liquidity

Simurgh Finance Each transfer of SIMURGH must pay a 1% transfer tax. The 1% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. And the liquidity will be locked and inaccessible.

Automated Burning

As they have mentioned above, each transfer of SIMURGH must pay a 5% transfer tax. The 4% transfer tax will be allocated to automatic liquidity acquisition. And the rest 1% transfer tax will be burned immediately. The whole process is automatic. (disabled on 09/07/2021).

Harvest Lockup

Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.

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Anti Whale

Simurgh Finance Defi Transfer more than 0.01% of the total supply will be rejected. As the total supply grows, this ratio will be reduced.

No Migrator Code

The migrator code in the MasterChef contract has been removed.

​Timelock

Simurgh Finance Timelock will be added after launch.

Deposit fee redistribution

They charge 1% deposit fee in some Pools/Farms. 3% will be used for marketing, advertising, functionnalities development (disabled on 09/07/2021) 1% will be used in Ashes section to let earn Busd, BNB, BTCB and other tokens.

Emergency Withdraw

If something happens to Simurgh’s frontend such as a DDOS attack or a temporary outage, farmers can still withdraw their tokens by direct interaction with the MasterChef contract. Call the emergencyWithdraw function with the farm or pool id listed below to withdraw your staked tokens.

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SIMURGH (TOKEN)

Basic Information

  • Token Name: SimurghToken
  • Token Symbol: SIMURGH
  • Contract Address: 0xE7df368e774976d0E21c4E6537aE4B07904D731d
  • Chain: Binance Smart Chain (BEP20)
  • Max Supply: Unlimited

Transfer Tax

  • Simurgh Finance Burn Rate: 0% of transfer tax will be burned immediately (updated 09/07/2021)
  • Automatic Liquidity Rate: 1% of transfer tax will be added to the LP pool and locked.
  • Total Transfer Tax Rate: 1% of each transfer

Emission Rate

  • 0.2 SIMURGH / block
  • 28 800/5 per day
  • 10% to the dev team to ensure essential growth of the project but dev team won’t sell token. It will be used as reward to holders.

Anti Whale

Simurgh Finance Defi Transfer more than 0.01% (current ratio) of the total supply will be rejected. As the total supply grows, this ratio will be reduced. Deposit or withdraw tokens to the farms will not be subject to this restriction masterchef is excluded from antiwhale. You can view the max transfer amount on our website.

Why Simurgh ?

To make a long story short. Once upon a time there were two Yield Farm, Lokum & Ketchup. Both of them were living in harmony and the investors were really satisfied, despite the mud someone tried to bring on them. Then came Mayo, another project that made – and is still makin’ – his investors laughing and happy.

One day someone, using an exploit, a “bad animal” hacked Lokum & Ketchup, and many other farms. The investors of this two good places lost money, as well devs, team & staff.

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But the two team, that were stronger than ever, decided – after a long brainstorm – to create a new token to rise again from the bottom where someone wanted to keep them.

In the meantime Mayo continues to grow, waitin’ with impatience the new born token, which contract will be released this evening, 23rd of June, at 18PM UTC. To be continued.

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.

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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ 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. Verna Is team Members of 9 People
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