Baltic Miners Overview

Index

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:

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
https://bscscan.com/address/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: 

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: 

 BIF Address: 0xe29A4b2dc4c32C24e9497E0C0839CA1Dd613834f  

The Treasury

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:

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.  

FIXED APY

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)

Where:
 

 

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)
 

 

 

 
 

Example:

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

For the application and duration of the promotions, please refer to the announcements on the Telegram channel https://t.me/Baltic_Miners_Official or available on BMFT Promotion

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