Introduction to Beagle Finance
We have seen these past few months, especially with the advent of the Binance Smart Chain (BSC), that many projects were promising high APYs that were the temporary loss of betting an LP (liquidity provider) as a rewarding generator. However, almost always the token suffers the inevitable valuation bubble, which is followed by the bursting and imminent collapse of the price.
To eliminate the problems caused by the aforementioned agricultural rewards, static rewards have been chosen. But, is it as good as they say? Well, for one thing, the amount of the reward is conditional on the volume of the token being traded. And for another, the reflection mechanism encourages holders to hold on to their tokens for higher commissions that are based on realized percentages and depend on the total number of tokens held by the owner, which doesn’t leave much wiggle room for investors. Something that is starting to disappoint many users.
For this reason, today I present to you the Beagle Finance token (https://beagles.finance/index.html), a blockchain project based on the Binance Smart Chain network that employs 3 simple functions such as Reflection, LP Acquisition and Burns.
Concept and goals
Going into more detail, Beagle Finance (https://beagles.finance/index.html) is a blockchain-based DeFi ecosystem, acting under the Binance SmartChain network protocol, created to drive passive and active income. The project aims to implement a burndown strategy that is beneficial and rewarding for those committed for the long term, something that is virtually non-existent today.
Two important parts of the Beagle Finance ecosystem are worth noting. First, the contract absorbs tokens from sellers and buyers alike and aggregates them into the LP creating a solid price floor. Second, the penalty acts as an arbitrage-resistant mechanism that secures BeFi volume as a reward for holders. In this way, it aims to assure the value of the token and prioritize the holders of the coin.
How does it work?
Beagle Finance will have its own protocol within its tangible revenue ecosystem around the BeFi token. In this way, Beagle will consist of different tools and products that will be connected to each other while creating new benefits for all parties involved in the ecosystem and support the BeFi token. The main features are: Funding Fund, Incubator, Community Engagement Programs, Community Engagement Rewards, Stakes, Launch Pad, Performance Farming, DAO and Solution Partner Program.
For each transaction within the Beagle Finance ecosystem, the transaction is taxed at a 10% fee, which is split in 2 ways. On the one hand, a 5% fee is applied to each transnaction that is redistributed to BeFi holders. This fee is split in two parts (50/50) so that one half is sold per contract on BNB and the other half of the BeFi tokens are matched with BNB to add liquidity to PancakeSwap.
Beagle Finance Benefits
- BeFi token for all: Utility token as a store of value, investment tool and governance tool.
- 50 trillion total supply: BeFi at your disposal.
- Listed on 7 exchanges: Along with the listing on Pancakeswap, BeFi will be listed on BakerySwap, Binance, Hotbit, MXC…
- Be part of the community: By holding BeFi tokens, you become part of the BeFi Box governance and can vote and receive payments.
- Beagle Finance — Dapps: Complete and open decentralized ecosystem with a smart infrastructure built around a decentralized digital economy.
- Beagle Swap Beta: An automated decentralized MarketMaker built on Pancakeswap with an option to buy tokens with leverage.
- Beagle DEX: A decentralized cryptocurrency exchange with the option to pay fees with BeFi instead of BNB.
- Decentralized Finance: DeFi options such as staking, farming and other high-yield options.
Airdrop & Bounty program
The project gives the opportunity to earn free tokens until the end of June, so hurry up! Claim Free Airdrop (https://airdrop.beagles.finance/) by clicking this link and claim 1,000,000 free BeFi tokens!
You can also earn BeFi tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_Beagle_Finance), where you can access the link in order to see what are the conditions to become an early Beagle Finance contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (Beagle_Finance_WP). You can also stay tuned in their official Telegram Channel (https://t.me/Beaglefinance). I hope you liked the post and soon I’ll send you new ones.
Social Media Links
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Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
BSC/Ethereum wallet: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad
Bitcointalk Proof of Authentication link: https://bitcointalk.org/index.php?topic=5343279.msg57237332#msg57237332