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.
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.
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 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.
Simurgh FinanceDefi 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.
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.
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.
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
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.
Simurgh FinanceDefi 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.
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.
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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.