SOY Finance Airdrop 2021: Best way to Claim SOY Token free on Pancakeswap

0
286
Soy finance airdrop

Hi and Welcome to DesirePaul Network, and today we dealing on SOY Finance Airdrop, Speaking of SOY what do you think this Airdrop is.

Okay let’s dive in already.

SOY Finance is the next rising star on the DeFi horizon that will bring more opportunities and benefits for the Callisto Blockchain

While the volume on central exchanges has decreased in the last few months compared to decentralized exchanges, now seems to be a good time to enable trading with Callisto away from central exchanges.

Soy finance

How To Enter The SOY Tokens Airdrop?

Airdrop Eligibility Rules

The first phase of the SOY Token Airdrop is specifically for Pancakeswap users. Therefore, to take part in this phase it is necessary to be a Pancakeswap active user between 15/10/21 and 30/10/21.

As active users are considered those who perform at least one of the following actions:

  • Trade/swap on Pancakeswap.
  • Add/remove liquidity on Pancakeswap.
  • The list with the eligible users will be updated daily at 00:00 UTC.

Note: A user is allowed to claim once per airdrop phase.

How To Claim My SOY Tokens?

To claim your tokens, you will first of all go to https://soy.finance/airdrop and connect your wallet… Yes it’s a must for you to Connect your wallet.

RECOMMENDED ARTICLES:  SHILL Token Airdrop: How to Participate in SHILL Token Airdrop

Once you are connected, the system automatically checks your eligibility for the airdrop, and if you meet the requirements, your tokens will be displayed in your balance.

Note: As the user activity status is updated every day at 00:00 UTC, we recommend claiming the tokens after 24 hours of your activity on Pancakeswap.

SOY Finance Airdrop Tokenomics

Supply and Distribution

Max Supply:

600 000 000 $SOY.

120 000 000 $SOY (20% of the max supply) will be created at the genesis and distributed as follows:

  • 75% to Initial Dex Offering early investors. The funds raised will be moved to the distributed insurance system.
  • 5% will be allocated to Callisto Enterprise.
  • 5% will be allocated to the Callisto team members via a dynamic motivation system for the team members to support the project development in the time.
  • 5% will be used for bug bounty programs to ensure high-security services.
  • 10% will be airdropped in 7 consecutive phases, the details of each phase being announced at the time of its launch.

Phase 1

– Sowing Soy – PancakeSwap Active Users Airdrop – 500 000 $SOY tokens – 15/10/21 to 30/10/21.

Phase 2

– Sowing Soy (2) – Details to be published on 25/10/21.

Phase 3

– Sowing Soy (3) – Details to be published on 10/11/21.

RECOMMENDED ARTICLES:  Xchain Wallet Review: How to Claim 150k Xchain Wallet Token today

Phase 4

– Sowing Soy (4) – Details to be published on 25/11/21.

Phase 5

– Storing Soy – Details to be published on 10/12/21.

Phase 6

– Deep Freezing SOY – Details to be published on 25/12/21.

Phase 7

– Harvesting Soy – Details to be published on 10/01/22.

SOY Finance  Transaction Fees Distribution

For each trade/swap performed in the SOY Finance platform, a commission fee is applied. Initially, 100% of the collected fee will be split among the liquidity providers. Over time, it will decrease to 55% by year 5 (phase 2).

Thus, up to 20% of the trading fee will be shared among SOY token holders, 5% will be allocated to the insurance fund for its operation, and finally, 20% will be used to buy back SOY tokens and burn.

“The SOY tokenomic is designed to grow your capital. SOY Token is built on an innovative monetary policy, featuring the “Buyback & Burn” mechanism and allowing holders to share up to 20% of the platform’s transaction fees.

Fees Distribution Phases Details

Phase 0  

(Until 15/10/21) — The trading fee is set to 0.2% of the volume of each transaction.

Phase 1   

SOY Finance will use variable fees from 0.3% to 0.5% to audit the newly listed tokens and increase the platform’s liquidity (lower fee will be applied to larger trades).

RECOMMENDED ARTICLES:  ATA Airdrop USD$50,000 worth, How to Participate in ATA Airdrop

Phase 2 

In this phase, the trading fee will vary between 0.3% and 0.15% for the audited tokens and the unaudited between 0.5%-0.35%.

Burning Mechanisms – “Buyback & Burn”

A set of burning mechanisms will be introduced to reward the SOY token holders and liquidity providers by decreasing inflation or lead to deflation depending on the system’s utilization, trading volume, and token price.

The burning mechanism will receive a percentage ranging from 15% to 30% of the total trading fee.

Weekly, SOY tokens will be rebought and burned.

The system’s adoption and utilization through transaction volume define the size of the commission fees that will be distributed both to liquidity providers and burned.

What distinguishes SOY from other decentralized exchanges?

Receive part of the trading volume only by holding SOY and decide with the community about the future of SOY.

Buyback & Burn mechanism allowing holders to share up to 20% of the platform’s transaction fees

Defi Made Safe

Combining a safelist for audited tokens, decentralized insurance, and the most advanced token standard, SOY Finance adopts the industry’s best practices and technologies to provide the community with a rock-solid platform.

Trade quickly and cheaply

With the introduction of the new ERC 223 Token Standard, SOY will be the first exchange to introduce the “1-Click Swap” feature.

LEAVE A REPLY

Please enter your comment!
Please enter your name here