Power Vault Finance ($POW3R) is a Deflationary Liquidity Mining protocol inspired by Core protocol.
Seems like 98% of the farming protocols that we encounter in this DeFi space generate tokens on a block-by-block basis; encouraging the investors to sell their tokens due to the inflated supply of the token. Ultimately, decreasing the value of the token as supply increases.
Unlike these farming protocols that are bound to decrease in value, $POW3R has a fixed supply of 10,000 tokens and $POW3R-ETH LP Stakers are paid with fees that are collected from each transaction. This profit-sharing system will ensure a stable system and encourage the investors to farm.
$POW3R Distribution
$POW3R distribution will be done through a Liquidity Generation Event (LGE). By doing so, investors will receive UNI-v2-LP and start farming to earn their rewards. After the event, only new UNI-v2-LP tokens can be created and investors will not be able to swap them back for $POW3R and $ETH.
Encourages HOLDING & BUYING > SELLING
$POW3R was designed to incentivize investors and holders to buy and hold the coin, instead of selling $POW3R. The designing of the contracts is built so that on every transfer of $POW3R, fees are sent to the dev and the farming pools. With a finite supply, this encourages holders to retain their $POW3R rather than moving or selling it, while collecting rewards.
Deflationary Mining Protocol
POW3R was inspired by the CORE protocol and has a finite supply. Each transaction transferring $POW3R from one address to another will incur a fee of 1%, of which 80% is given to the farming pools, 20% given to the developers. Developer fees are then used for further development. With a stable farming environment and blocked liquidity, this protocol will ensure the value of $POW3R and generate rewards on investor’s LP tokens.
Governance through community
$POW3R is primarily a community project. This means that the project was designed with the community in mind and eventually will be driven by the holders of $POW3R. The community will be able to vote on requests for new project features and decide how $POW3R will move forward in the future.
Specs
Supply (Fixed): 10,000 $POW3R tokens
Initial Fee Map: 1% of transactions(excluding UniSwap buy) => 80% of the Tx goes to POW3R//ETH LP pool, 20% to devs
Social Links
Telegram: https://t.me/PowerVault
Website: https://www.pvault-finance.com/
Twitter: https://twitter.com/VaultPower
