- Baltic Miners Financial Token Overview
- How does Auto-Compunding work?
- Baltic Miners Token
- Baltic Miners Buy And Sell Fees
- Trading Feed Explained
- Baltic Miners Insurance Fund (BIF)
- The Treasury
- The Fire Pit
- Baltic Miners Auto-Liquidity Engine (SALE)
- Fixed APY
- How the APY is calculated
- Other Important Characteristics
- Competitive Advantages
Baltic Miners Financial Token Overview
Baltic Miners Financial Token provides a decentralized financial asset that rewards users with a sustainable fixed compound interest model through the use of its unique protocol. The BalticMiners Auto-Compunding Protocol The Baltic Miners Auto-Compunding Protocol (BMFT for short) is a new financial protocol that makes staking easier, and more efficient and awards $BMFT token holders the highest stable returns in crypto. BAP gives the Baltic Miners Financial Token automatic staking and compounding features, and the highest Fixed APY in the market at 365% for the first 12 months.
Baltic Miners is a company focused on crypto mining and DeFi innovation that creates benefits and value for Baltic Miners Financial Token holders. Our BAP protocol that is used within the BalticMiners token grants exceptional benefits for holders of $BalticMiners:
- Low Risk with the BalticMiners Insurance Fund (BIF) – 2,5% of all trading fees is stored in the Baltic Miners Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
Easy and Safe Staking – The Baltic Miners token always stays in your wallet so 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 are no more complicated staking processes at all.
Interest Yield with Automatic Payments – You need not worry about having to re-stake your tokens. Interest yield is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment.
- Highest Fixed APY – BalticMiners pays out at 365% in the first 12 months which rivals anything in the DeFi arena to date. After the first 12 months the interest rate drops over a predefined Longterm Interest Cycle period.
- Rapid Interest Payments – The Baltic Miners Protocol pays every BalticMiners Token holder each and every 8 hours or 3 times each day, making it the fastest auto-compounding protocol in crypto.
Auto Token Burn – One of the exciting features of the Baltic Miners Protocol is an automatic token burn system named “The Fire Pit” which prevents circulating supply from getting out of hand and becoming unmanageable. The Fire Pit burns 2.5% out of all BalticMiners Token market sales and is burned in the same individual transaction.
The BAP uses a complex set of factors to support its price and the rebase rewards. It includes the BalticMiners Insurance Fund (BIF) which serves as an insurance fund to achieve price stability and long-term sustainability of the BalticMiners Protocol by maintaining a consistent 0.14% rebase rate paid to all $BalticMiners token holders every 8 hours.
How Does Auto-Compunding Work?
The BAP Auto-Stake feature is a simple yet cutting-edge function called Buy-Hold-Earn, that provides the ultimate ease of use for $BMFT holders. Buy-Hold-Earn – By simply buying and holding $BMFT token in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 8 hours. Using a Positive Rebase formula, BalticMiners makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.14% every 8 hours epoch period of the total amount of $BMFT tokens held in your wallet. The rebase rewards are distributed on each EPOCH (8 hours rebase period) to all $BMFT holders. This means that without moving their tokens from their wallet, Baltic Miners holders receive an annual compound interest of 365% for each Year.
You must take note that the autocompounding mechanism and the sending of tokens to each wallets is activated by a trigger which is: “a simple sale by whoever has been made”.
Since our holders rarely sell BMFTs, it may happen that the trigger is not activated for several days and therefore the amount of tokens held in your wallet does not increase.
Don’t worry this is just a Binance Smart Chain mechanism that has no way to affect the amount of rebase rewards and therefore of your earnings.
In fact, at the next BMFT sale by anyone you will be able to see the correct crediting of new BMFTs in your Wallet.
If, on the other hand, you prefer to view the progression of your investments in BMFT every minute and daily, we recommend that you keep them in your Baltic Wallet and you will be able to obtain further competitive advantages.
For this purpose, we invite you to read the next chapter entitled “Other Important Characteristics”.
Baltic Miners Token
$BMFT is a Bep20 token that rewards its holders with automatic passive interest payments every 8 hours until the maximum supply of 3.25 Billion tokens has been reached. Is BalticMiners just another Safuu or Titano Fork?Our entire protocol’s smart contract was written and developed from scratch by our own competent group of developers. It does not contain any resemblance to Titano’s code or operation as BalticMiners works on a completely new set of mechanics which allows for complete protocol sustainability.We also have several proprietary mechanisms in place that we have created ourselves which offers many improvements over our competition such as; our BalticMiners Auto-Liquidity Engine (SALE), the BalticMiners Insurance Fund (BIF), our Longterm Interest Cycle (LIC), as well as safeguards in place which secure against malicious hack attempts. BalticMiners tokenomics are also completely unique with our Auto-Burn Fire Pit structure, minimal starting supply, and lower 8 hours Epoch’s for a much more linear APY progression of attainability. BalticMiners smart contract: 0xe247d974a7AdCBc097764c6d76C164211e50b3e0
BalticMiners Buy and Sell Fees
BalticMiners buy and sell fees are an important component of the BAP. They provide capital for performing critical functions to the protocol.Other protocols utilize selling bonds to support the same functions as BalticMiners fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols. Selling bonds also cost token holders. It reduces the amount of APY that can be offered and eliminates the ability to offer a stable APY. The amount of the fees (16% for buys and 20% for sells) allows BalticMiners to provide $BMFT holders with a stable high yield of 365% annually. Click here to see the breakdown of fees and where they go.
Trading Fees Explained
Buy Trading Fees:
10% – LP
2.5% – BIF
2.5% – Treasury
1% – Fire Pit
Buy Trading Fees: 10% – LP
2.5% – BIF
2.5% – Treasury
1% – Fire Pit Placement:
- LP – Trading fees go to backing the liquidity of the BNB/BMFT pair on PancakeSwap ensuring an ever-increasing collateral value of $BMFT.
- BIF – Trading fees are stored in the BalticMiners Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
- Treasury – Trading fees go directly to the treasury which supports the SIF and provides a marketing budget for BalticMiners and funds new product development.
- Fire Pit – 1% of all $BMFT traded are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self-fulfilling auto-compounding which in return acts to reduce the circulating supply of $BMFT and keeping the BalticMiners protocol stable.
BalticMiners Insurance Fund (BIF)
BIF is the acronym for the BalticMiners Insurance Fund which is a separate wallet in BalticMiners BAP system. The BIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the BIF wallet. In simple terms, the staking rewards (rebase rewards) which are distributed every 8 hours at a rate of 0.14% are backed by the SIF parameter, thus ensuring a high and stable interest rate to $BMFT token holders. 2.5% of all trading fees are stored in the BalticMiners Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.SIF Keep’s holders safe by:
- Avoiding flash crash through price stability.
- Achieving long-term sustainability and future growth of the BalticMiners Protocol
- Greatly reducing downside risk
BIF Address: 0xe29A4b2dc4c32C24e9497E0C0839CA1Dd613834f
The Treasury plays a very important role in the BalticMiners BAP protocol. It provides three extremely critical functions for the growth and sustainability of BalticMiners. The treasury functions as additional financial support for the BIF. This additional support can become important in the event of an extreme price drop of the $BMFT token or an unforeseen black-swan event. It helps to establish a floor value for the $BMFT token. The treasury may also be used to fund new BalticMiners products, services, and projects that will expand and provide more value to the BalticMiners community as well as providing funding for marketing. Treasury Wallet: 0x8Dbf6F465E67280850d7c4e936ac97426F83f985
The Fire Pit
Burn tokens supply to:
- Prevent circulating supply getting out of
hand and becoming unmanageable.
- Offset Positive rebase interest printing.
How it works
1% of all $BMFT traded are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fullfilling Auto-Compounding, reducing the circulating supply and keeping the BMFT protocol stable.
The Fire Pit Address: 0xF24d31eF4F2E26EfADb9E889B2DD20b30aD5f9E2
Baltic Miners Auto-Liquidity Engine (SALE)
Market Liquidity is of utmost importance and plays a vital role in allowing the buy & sell of $BMFT tokens on PancakeSwap. In layman’s terms, think of Liquidity as a big pool of money that is split 50/50 between $BMFT tokens VS $BNB tokens. There is a conversion ratio that is set to the amount of $BMFT you can get with BNB, for example: 1 BNB = 321 Baltic Miners. When somebody buys BalticMiners, the price per BalticMiners will go up and the ratio above will also change at the same time to account for this. The same goes in the opposite direction for sells. Liquidity allows for anybody to buy & sell their BMFT/BNB at any time, however, the less money/liquidity there is in the pool, the worse price you get so what our BalticMiners Auto-Liquidity Engine (SALE) does, is add more liquidity to that pool by itself and therefore solving that issue. Here is how the BalticMiners Auto-Liquidity Engine (SALE) works:Every 48 hours our BalticMiners Auto-Liquidity Engine (SALE) will inject automatic liquidity into the market. On each buy is a 16% tax fee and 20% tax fee on Sell 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 BalticMiners stored in the wallet, and will automatically buy BNB at the current market price. The remaining 50% of BalticMiners in the Auto-LP wallet will be used for the BalticMiners side of liquidity, therefore giving equally a 50/50 weighting of BalticMiners/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 SALE will do this every 48 hours by adding more and more liquidity to the pool which will allow $BMFT token holders to easily sell their tokens at any time 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 Baltic Miners Financial Token.
APY stands for Annual Percentage Yield. This measures the real rate of return on your principal amount by taking into account the effect of compounding interest. In the case of BalticMiners, your $BMFT tokens represent your principal, and the compound interest is added periodically on every Rebase event (Every 8 hours), otherwise known as an ‘Epoch’.Your new principal amount is your then-current BalticMiners token amount, plus your new rebase token amount. This total amount is what gets calculated for your next rebase rewards. The Power of Compound Interest – It is important to note that your balance will grow not linearly but exponentially over time. Taking a compound interest of 0.14% / 8 hours: EXAMPLE 1: If you started with a balance of only 1000 $BMFT on day 1, after a year, your balance will have grown to 4650 $BMFT.
How the APY is Calculated
Simple Interest Equation (Principal + Interest)
A = P(1 + rt)
- A = Total Accrued Amount (principal + interest)
- P = Principal Amount
- I = Interest Amount
- r = Rate of Interest per year in decimal; r = R/100
- R = Rate of Interest per year as a percent; R = r * 100
- t = Time Period involved in months or years
From the base formula, A = P(1 + rt) derived from A = P + I and since I = Prt then A = P + I becomes A = P + Prt which can be rewritten as A = P(1 + rt)
Note that rate r and time t should be in the same time units such as months or years. Time conversions that are based on day count of 365 days/year have 30.4167 days/month and 91.2501 days/quarter. 360 days/year have 30 days/month and 90 days/quarter.
Simple Interest Formulas and Calculations:
A = the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
The accrued amount of an investment is the original principal P plus the accumulated simple interest, I = Prt, therefore we have:
A = P + I = P + (Prt), and finally A = P(1 + rt)
- Calculate Total Amount Accrued (Principal + Interest), solve for A
- A = P(1 + rt)
- Calculate Principal Amount, solve for P
- P = A / (1 + rt)
- Calculate rate of interest in decimal, solve for r
- r = (1/t)(A/P – 1)
- Calculate rate of interest in percent
- R = r * 100
- Calculate time, solve for t
- t = (1/r)(A/P – 1)
P = (Principle + Interest) = $1,000
A = (Total Accrued Amount) = $3650
Other Important Characteristics
Our BMFT smart contract has set a particular protection for all investors in order to guarantee the value of the token in the long term from possible speculative operations of whale investors.
In fact, all holders of significant quantities of tokens will be able to sell the tokens purchased only at the rate of 20% of their portfolio every 30 days, thus grinding price stability over the long term.
The significant amount of tokens that trigger the whale safeguard clause depends on the average investments made by individual holders over a given period and whoever holds an above average number of tokens is considered a whale.
It is possible and convenient to hold BMFT tokens at the Baltic Wallet & Exchange with different benefits in temporary and cyclical promotion:
1) 16% reduction or cancellation of the token purchase fee
2) 20% reduction or cancellation of the token sales fee
3) staking of the token with an increase in proceeds compared to those established by the smart contract
4) fixed exchange value out of the market for a certain period of time
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