Astake.Finance – Launches DeFi’s First Auto-Staking Fixed APY 614,917.56%.

in #defiyield • 3 years ago

ASTAKE is a DeFi development company that creates next-generation products and services. Their Astake Auto-Staking Protocol (AAP) is the foundation for a series of DeFi 2.0 projects starting with the $ASTAKE token that is automatic staking and compounding in your wallet, and offers an industry best fixed 614,917.56% APY. Astake develops projects, products, and protocols that bring industry leading benefits to holders of its utility token $ASTAKE. DeFi has caused a stir amongst the savviest of investors, with most agreeing that it has offered up some of the richest opportunities in a revolution of sorts and that cryptocurrency has made more millionaires over the past decade than ever seen before. By far DeFi is showing favor to becoming the easiest and agreed upon way to make your money work for you in an environment where cryptocurrency holders can lock or stake their tokens and receive high interest rates that most thought were unachievable. The tools that DeFi companies use to create these high returns are financial algorithms and token staking strategies called protocols which are made up of Smart-Contracts.

Defi 1.0 introduced several versions of these protocols that have attracted billions of dollars in capital, and have subsequently built many of crypto’s top performing brands. DeFi 2.0 protocols promise token holders greater levels of simplicity and safety, and increased fixed returns from staking.

The developers of Astake have introduced the Astake Autostaking Protocol (AAP), a DeFi 2.0 protocol that provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of its unique proprietary protocol.

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Astake Autostaking Protocol (AAP) – Highest Fixed APY

AAP provides token holders simplicity, security, and a consistent fixed high yield return of 614,917.56% APY from their staking. It is used in the $ASTAKE token, providing it with these industry benefits:

Low Risk –Insurance Fund (AIF)

3% of all trading fees are stored in the ASTAKE Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.

The Treasury

The Treasury plays a very important role in Astake’s AAP protocol. It provides three extremely critical functions for the growth and sustainability of ASTAKE.

The treasury functions as additional financial support for the AIF. This additional support can become important in the event of an extreme price drop of the $ASTAKE token or unforeseen black-swan event. It helps to establish a floor value for the $ASTAKE token. 1-3% of all trading fees are stored in the Treasury.

The treasury may also be used to fund new The treasury may also be used to fund new ASTAKE products, services, and projects that will expand and provide more value to the ASTAKE community aswell as providing funding for marketing.

Astake Auto-Liquidity Engine (AALE) Every 24 hours our Astake Auto-Liquidity Engine (AALE) will inject automatic liquidity into the market. On each buy or sell order there is a 3% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol’s smart contract is the mechanism which smartly takes the 50% of the amount of ASTAKE stored in the wallet, and will automatically buy BNB at the current market price.

The remaining 50% of ASTAKE in the Auto-LP wallet will be used for the ASTAKE side of liquidity, therefore giving equal an 50/50 weighting of ASTAKE/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool.

The AALE will do this every 24 hours by adding more and more liquidity to the pool which will allow $ASTAKE token holders to easily sell their tokens at anytime with little to no market slippage. It will also aid in maintaining protocol stability to make sure the APY is upheld for the entire life of Astake.

Fire Pit: Auto Token Burn

One of the exciting features of the ASTAKE Protocol is an automatic token burn system named “The Fire Pit” which prevents circulating supply getting out of hand and becoming unmanageable. The Fire Pit burns 1% out of all $ASTAKE Token market sales.

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Staking – Easy and Safe

The ASTAKE token always stays in your wallet it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is BUY & HOLD as you automatically receive rewards in your own wallet so there’s no more complicated staking processes at all.

Rapid Interest Payment

The ASTAKE Protocol pays every ASTAKE Token holder each and every 10 minutes or 144 times each day, making it the fastest auto-compounding protocol in crypto.

Vision & Mission

Our mission and vision is to revolutionize the reward generation mechanism with our very first and unique protocol that has advanced profit making. ASTAKE Finance is equipped with innovative technologies

Blockchain 4.0 technology introduces solutions for scalability, transaction speed, throughput.

Although there is no single metaverse concept, current propositions have one thing in common. That is, they rely on blockchain’s ledger technology as their foundation. With the blockchain, the metaverse can exist without a formal owner, allowing each participant to shape the realities of a digital realm. While the peer-to-peer network makes sense in theory, the current trilemma presents a hurdle that must be overcome to make the metaverse a reality. In the blockchain trilemma, the third and often missing component to a decentralized future is scalability, which without it, results in slow transaction speeds and reduced throughput, each of which is essential to future growth and adoption of the technology. Aiming to address this barrier to metaverse creation is #MetaHash. #MetaHash is a next-generation network that exists on blockchain 4.0. With this technology, users can access a platform for sharing digital assets and managing decentralized apps (DApps). But, perhaps more crucial to the longevity of the network is its ability to operate independent sub-chains, which are protected by the network. Sub-chains present a cost-effective solution to running what is known as a #MetaApp, by ensuring the main network is never faced with overload. Metahash is indeed one of the most technologically advanced solutions on the market. With a solid investment poured into the system, we will speed up the product development, popularize staking and even foster MHC’s mass adoption," the founder and CEO of the project’s partner, aStake.io Dmitrii Danilenko, shares in response to this network’s capabilities. With this partnership, aStake and #MetaHash aim to provide automated staking solutions for those without a technical background. Before launching, aStake attracted over $10 million worth of commitment to MHC staking. At present, initial aStake customers, who purchased MetaHash (MHC) coins during the closed presale, received their wallets with MHC involved in staking. Although just one example, their partnership with aStake represents just one example of how having a solid foundation can further propel the industry forward. Solving for scalability

Looking at #MetaHash in more detail, speed, transaction cost and the resulting scalability become crucial factors to the project's mission. When considering the first component, speed, #MetaHash is designed to take a maximum of 3 seconds (in contrast to Bitcoin's 10 minute time) to confirm a transaction in a core node, resulting in more than 5 billion transactions a day, with each node capable of handling 100,000 transactions per second. These substantially higher speeds result from a machine learning algorithm that is in place to define node roles and how they each are distributed within the network.

The benefits of increasing the number of transactions that can occur are twofold. In addition to meeting growing consumer demand for convenience, it also ensures that the network can ensure low fees. In practice, the network is set up so that transactions are free in most cases, only appearing as the network load grows to protect the network against spam activity. The result is that cross-chain #MetaHash coins are enabled for low-no-cost microtransactions.

When combined, these factors further aid in the solution's scalability. #MetaHash looks to #TraceChain, an automatic self-learning algorithm for routing signals across the network. The chain operates at a rate of 50,000 transactions per second (TPS), which continues to grow as nodes with higher bandwidth join the system, resulting in an infinitely scalable solution.

Achieving this level of throughput comes down to the distribution on the network via Peer Nodes. Here, transactions start at the outermost radius, running to the core network through the fastest route. Nodes considered the fastest verify the transactions between themselves.

More insights on #MetaHash here

With underlying blockchain interoperability, #MetaHash bridges become the final piece in enabling the platform as a foundation for the metaverse. With bridges, users can benefit from a smooth integration and interaction between blockchains and interaction between blockchains and cryptocurrencies across the digital realm.

Propelling growth forward

The team has reported a strong foundation for success, with CryptoRank data gaining +169.6% in price over the last year.

Over the next 12 months, #MetaHash aims to assist in developing bridges for other cryptocurrencies, the launch of a decentralized exchange (DEX) with bridge support and the ability to issue tokens on the #MetaHash blockchain and integrations with the greater NFT sector.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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Token contact address

https://bscscan.com/address/0xBC6346728490fD3f21a1D59b95AAAE4A39a0058F

Social media web site link :

Author :

Bitcointlk name : lani123lani
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1220105
Telegram : @lani123lani
Bsc address : 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923

#defiproject #bsc #defi #metahash #metaapp #tracechain
3 years ago in #defiyield by
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