Buyback and burn mechanism
Last updated
Last updated
In most farmings the developers mint part of the tokens for them. In addition to this they charge a deposit fee in the pools.
For example Goose Finance developers mine 10% of the tokens for themselves. This seems insane to us.
To take profits, they sell the token, generating a drop in price, and make buybacks with the pool fee.
We decided to take a different approach.
The VoidFarm team will not sell a single VOID. All VOIDs that go to the devwallet will be burned for the first week. But in addition to the above, we will also make purchases and VOID burns whenever we see it necessary.
Added to this VOID burns 2% of each transaction. And the VOIDs received by reflection within the pools are also burned.