With its presale coming up, Cairo is looking to make a push in terms of immediate growth.

What is Cairo Finance?

Cairo Finance  is a Decentralized Finance (DeFi) yield farming aggregator and optimizer for BNB Chain (BSC). The project established the Cairo protocol to give consumers a simple method to automatically compound their BSC rewards. Users can stake their crypto tokens directly through the yield farming service provided by Cairo. Cairo Finance has announced its presale where their token can be purchased for $0.9 and will be listed for $1.

‍

Benefits of Using Cairo Finance

Through automation, users will enjoy the benefits of compound interest when participating in pools and farm yields without going through complex steps. Cairo will calculate the most optimal compounding frequency and automatically reinvest the tokens via smart contracts for the users.

One of the benefits of using Cairo is the low fees. Cairo runs on BNB Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Besides that, the trading fees for Cairo are lower than other top decentralized exchanges. Unlike centralized exchanges like Binance or Coinbase, Cairo doesn’t hold any user’s funds when they trade. This allows users to have 100% ownership of their crypto.

‍

Functionalities of Cairo Finance

There are only 100,000,000 Cairo tokens in supply. Anything that goes into the Cairo Maximizer staking contract gets burnt to reduce the circulating supply. Another step taken to improve the current token dynamic is implementing a mechanism for Floating Rate Emission (FRE). The system will use the FRE to buy Cairo at the market price. 

15% of all Cairo fees will be used by the team towards development to ensure rapid innovation and provide better services to users.

Holders control the Cairo ecosystem and can receive most of the farm performance fee profits by staking the tokens in the Cairo Maximizer Pool. The bigger the percentage of the pool users own, the more profits users will receive. In addition, users with more Cairo staked will have a more significant influence on the ecosystem.

‍

The Cairo Finance Presale

As the Cairo Finance spokesperson said, the team is targeting a total of 2,000,000 BUSD in the presale. The tokens will be distributed to presale contributors before the listing launch day. 

50% of the funds raised in the presale will go into the liquidity pool at the listing of Cairo. The other 50% of the funds will be used for development and marketing.

Find more information on the Cairo Finance website. Cairo Finance can be contacted on social media by Telegram or Twitter, and are presently active on YouTube.

Source : bsc.news