LokumFinance - The Automated Market Maker (AMM)" The Decentralized Finance (DeFi) Application That Allows Users To Exchange Tokens
PRESENTATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, LokumFinance is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
Now that I have your attention, let’s get right to it.
What exactly is LokumFinance?
As depicted above and as indicated on the official website LokumFinance, LokumFinance is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in April 2021 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. LokumFinance uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees.
LokumFinance allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn LKM, stake LKM to earn more LKM and stake LKM to earn tokens of other projects.
What is the qualification among checking and developing?
Staking
In solicitation to stake your $LKM you needn't waste time with whatever else than $LKM.
Farming
In solicitation to develop you need to offer liquidity to one of the pools on the developing page and thereafter stake your LP tokens.Both have their own advantages and impediments. Which one to pick is up to your strategy.
How should you stake LKM?
You can stake your LKM on the “Pools” page by tapping on the little “+” sign in the wake of preferring the arrangement, pick the entirety you need to stake and confirm.
How can you develop?
To develop, you first need to offer liquidity to one of the pools, which you can find on the Farms page. After providing liquidity and receiving LP tokens by that time, select the pool you have joined on the Estates page, confirm your consent and then click on the small “+” sign, select the amount to be wagered and confirmed.
How can you link my wallet to LokumFinance?
To link your wallet, you need to click on the "Open wallet" button in the upper right corner of the page. Starting now and for the foreseeable future, look for the wallet you need to interact with LokumFinance and link a “partner”.
How can You set up my wallet on Binance Smart Chain?
Trust Wallet
When you go to dAPP in the upper right corner, you see certain blockchains open, click on it, then select Binance Smart Chain Mainnet.
MetaMask
Create your own RPC with
Network name: BSC
Mainnet New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
BNB Block Explorer URL: https://bscscan.com/
Tokenomics
Token: $LKM
Chain: Binance Smart Chain (BEP-20)
Smart Address: https://bscscan.com/token/0x1099E778846bAa6aAD3C6F26Ad42419AA7f95103
Starting Supply: 4,000,000 $LKM
Supply limit: NO
Starting Price: ~ 1.00$
Starting Emission Rate: 1 $LKM per block
Security
Migrator Code
To ensure complete security, the Migrator Code has been removed from our contract with MasterChef.
Transfer of ownership
In order to achieve independence, the owner of the LKM will be transferred to a farm contract, which will increase liquidity.
Grant will reduce predictably of 10% (if fundamental will be isolated by 2 according to the neighborhood). This limit will be lead by the endeavor owner first, and subsequently by the neighborhood. 10% will be transported off the specialists addresses for exhibiting purposes, payout, and to help future affiliations and key unforeseen developments
Fees
Generally 5% of the trade charges (0 ~ 4%) will be used for blessing. 95% will be used for repurchasing LKM and burn-through according to require.
Pre-bargain 30 000 LKM
Presale assembled will be added before the Farm start. UNSOLD TOKENS WILL BE BURNED
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://lokum.finance/
Whitepaper: https://docs.lokum.finance/
Twitter: https://twitter.com/FinanceLokum
Instagram: https://instagram.com/lokumswapfinance
Telegram: https://t.me/lokumswapfinance
Bitcointalk Username: Cryptoholical
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2487106
Telegram: @Cryptoholical