Hey there Crypto-sapiens my name is Otto11 and you are welcome to my little corner in the internet space.
Today, we will discuss Trophy, a Decentralized swap, and Staking protocol.
- What is Trophy about?
- What are staking protocols and how do they work?
- Tokenomics, Burning, and Treasury
- Roadmap
- Conclusion
What is Trophy and what is it about?
Trophy.io is a business specializing in DeFi innovation that offers advantages and value to Trophy token holders, it uses a protocol called Trophy Auto-Staking Protocol (TAP) that employs a revolutionary algorithm for the financial system thereby facilitating and improving staking while giving $TROPHY token.
The TAP algorithm grants the following exceptional benefits for holders of the $Trophy token:
(TIF) Trophy Insurance Fund - By preserving price stability and significantly lowering downside risk, the Trophy Insurance Fund, which is funded with 4% of all trading costs, supports and backs the staking rewards.
Auto Token Burn - The Trophy Protocol has an exciting feature called "The Furnace," an automatic token burn system that keeps the circulating supply from growing out of control and becoming unmanageable. Out of all Trophy Token market sales, The Furnace burns 1.5%, and it does it in a single transaction.
The TAP bases its price on a complicated collection of variables that contains the Trophy Insurance Fund (TIF), a fund used for insurance.
What are Staking Protocols and how do they work?
Staking-
This is a way users put their digital assets to work and generate passive income without having to sell them. Staking can be compared to investing money in a high-yield savings account in the world of cryptocurrencies.
Staking Protocols-
These protocols make sure that there are spelled out behaviors or systems put in place that assets must adhere to in formal settings.
Tokenomics-
Name: Trophy
Ticker: TROPHY
Trophy Smart Contract: 0xBaAd7173c7eDd91269F52c32c1d98B523e1852e4
Total Supply: 280,000 $Trophy
Locked: 90,600 $Trophy
Public Hold: 120,000
Staking Liquidity: 40,000
Airdrop and Bounty: 10,000
Burning-
The Furnace burns 1.5% of every dollar traded in Trophies. The more that is traded, the more Tokens are added to the fire, increasing the size of the furnace by self-fulfilling Auto-Compounding, lowering the circulating supply, and maintaining the stability of the Trophy system.
The deflationary aspect of an ongoing burn of the circulating supply has the additional benefit of raising the value of each $TROPHY token, which raises the worth of each token individually.
Treasury-
In the Trophy TAP protocol, the Treasury has a crucial function. For Trophy's expansion and long-term viability, it fulfills three vital needs.
The TIF receives additional financial help from the Treasury. In the event of a sharp decline in the price of the $Trophy token or some unanticipated black swan event, this additional support may be crucial.
It aids in determining the $TROPHY token's floor price.
The treasury can also be used to pay for marketing as well as new Trophy ventures, services, and initiatives that will grow and benefit the Trophy community more.
Roadmap-
Q2 2022
Initiating the project
Launch website
social media channels
Docs (White-Paper Documentation)
Project announcement to international media through Press Releases
PR Marketing
Build Phase - Smart Contract
Contract Audit by Tech_audit
PinkLock Liquidity Locked till 2038 (32.4%)
Pre-Launch Marketing
Token Fair Launch Sale on Pinksale
Initiate and Promote Discord Communityhttps://discord.gg/T6a29zVu4G
Pancake Swap Launching.https://pancakeswap.finance/swap?outputCurrency=0xBaAd7173c7eDd91269F52c32c1d98B523e1852e4
1,000 Token Holders
-Twitter Marketing Campaign
Final Thought-
#Question; Is Trophy a promising investment?
#Answer- Well, generally every idea is a potentially great investment and either great or not, Sometimes it all comes down to if the can be llong-term investments or short.
#Q; Above you wrote about Trophy having a total asset of 280000 Trophy tokens, how long will the token burn continue or does the burning ever stop?
#A- This hasn't been stated. However, it does not mean arrangements for this won't be made later on.
For more info, Visit;
Website- https://trphy.io/
Telegram- https://t.me/trophyprotocol/
Discord- https://discord.com/invite/EhGCjvMG44
Facebook- https://discord.com/invite/EhGCjvMG44
Twitter- https://twitter.com/trophy_app
Github- https://github.com/trophyapp
Author Details;
Username - Otto111
P.O.A - https://bitcointalk.org/index.php?action=post;topic=5401570.0;num_replies=663
User Profile - https://bitcointalk.org/index.php?action=profile;u=2614604
User Address - 0x7D46Ca488a24EC97c9FAD97B1d720D606feEaDD7
#AUTOSTAKING #Swap #Stake #Earn
#Multichain
#Trophy $Trophy