Full description of Neonic Finance
Neonic Finance is a yield farm designed towards our deflationary
Token (?) $NEON. We are a
Fork (?) from goose finance with an improved code that uses less gas than conventional farms. Our supply is limited.
Tokenomics are thought to de deflationary. Emission rate will decrease 1% on a 24hrs basis until it reaches zero. When this happens, no more tokens will be minted and the supply will be fixed.
This emission rate decrease mechanism can be paused temporarily if needed (if market cap is decreasing for example) and then retaken. But will not increase.
To improve price stability, we designed a dual burning mechanism:
Automatic: 1% of each transaction will be burned.
Manual: Most yield farms "burn" tokens by sending them to a dead address. In our case, the burnt tokens are eliminated, and they are reduced forever from the supply.
1- EMISSION RATE DEFLATIONARY POLICY:
Tokenomics are thought to de deflationary. Emission rate will decrease 1% on a 24hrs basis until it reaches zero. When this happens, no more tokens will be minted and the supply will be fixed.
This emission rate decrease mechanism can be paused temporarily if needed (if market cap is decreasing for example) and then retaken. But will not increase.
2- LIMITED SUPPLY
Token supply will be limited to the quantity reached when the emission rate reaches zero. After this happens the only way token value can be modified is by price!
3- UNIQUE BURNING MECHANISM
Burning is important to stabilize the token prize. This is why we improved the classic burning mechanisms.
Auto-burn:
1% of each transaction will be burned automatically. According to our simulations this will result in an approximate 20% automatic burning of the total minted tokens. Depending on the traffic, volume, etc.
Manual burn:
Most yield farms "burn" tokens by sending them to a dead address. In our case the burnt tokens are permanently deleted.
4- CONTRACT ENHANCEMENTS
Due to our ad-hoc coding, we optimized the contract to lower gas fees. This means that for the same transaction you will pay less fees compared to other yield farms! Less fees = More profit
- Exchange symbol (?): NEON
- Cryptocurrency type (?): Token (?)
Neonic Finance for developers
Neonic Finance social sites
Source: NOMICS
