Cherokee Finance: A New Wave of Yield Farming

The protocol’s referral rewards program is an enticing feature that will drive user adoption.

Introduction

Cherokee Finance is a next generation yield farmer for Binance Smart Chain intent on capturing significant market share by introducing what it calls the “highest referral program in DeFi”. Users who refer a friend can claim 6% of their rewards forever. Further, the rewards are newly minted from the system so the 6% isn’t taken from the person referred, but instead from the platform itself.

Key Features

-5% transaction tax. 4% added to the liquidity pool and 1% burned

-Anti whale system with no more than 2% of tokens transferable in one transaction

-Migrator code removed

-6% referral program

-75% of the deposit fee (4%) redistributed to holders

-Initial liquidity locked (deeplocker.io)

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What is Cherokee Finance?

Cherokee Finance is a comprehensive suite of tools for decentralized finance and a next generation yield farmer on Binance Smart Chain. Cherokee Finance users can swap tokens, farm and stake from a single easy to use interface. Experienced DeFi users will find the interface of Cherokee Finance has a reassuringly familiar feel to it, while newer users should quickly come to grips with the finer points of navigating the protocol.

Cherokee Finance is also working closely in partnership with Apache Finance which means that APACHE tokens are also supported in the farm section. CHEROKEE-BUSD, CHEROKEE-BNB, APACHE-BUSD, APACHE-BNB, BNB-BUSD and ETH-BNB are among the supported farms on Cherokee Finance with CHEROKEE-BUSD and CHEROKEE-BNB the highest rewarding pools. Further pools will be added to the growing Cherokee ecosystem in consultation with the Cherokee community.

Cherokee is also making organic growth a key component of its ecosystem, encouraging its users to spread the word with the “highest referral program in DeFi”. The referral scheme offers 6% rewards on anything their referred friend makes forever. Better still, this 6% is newly minted from the protocol itself and doesn’t come from the referred friend. Cherokee Finance pays, and both the referrer and the friend win.

To join the referral program users must follow these instructions:

Visit Cherokee Finance referral program page:

Unlock your wallet to get your unique referral link

Share your referral link with your friends

After these steps are completed all friend rewards from Cherokee farms will also pay the referrer. 

Cherokee Token Features

Each transfer of Cherokee token incurs a 5% tax. 4% is allocated for the CHEROKEE-BNB liquidity pool and 1% is burned. 

Token Symbol: CHEROKEE

Contract Address: 0xed78e2c34b18B07F3Cfa74506EB7AE4f09FAD47a

Chain: Binance Smart Chain (BEP20)

Max Supply: Unlimited

Emission Rate

30 CHEROKEE per block

846,000  CHEROKEE per day

9.09% to the dev team to ensure essential growth of the project

Roadmap

Initial actions

Audit by Techrate (submitted)

Audit by CertiK (submitted)

Migrator code removed from MasterChef contract

Short-term objectives

CoinMarketCap listing (submitted)

CoinGecko listing (submitted)

DappRadar listing (check)

LiveCoinWatch (submitted)

Bscscan listing

Medium-term objectives

Partnerships

Airdrop 

APACHE-CHEROKEE LP

Long-term objectives

To be listed on major exchanges.

ICO (initial CHEROKEE offering)

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Concluding Thoughts

Binance Smart Chain continues to grow at great pace with exciting new projects and DeFi protocols emerging all of the time. Cherokee Finance is another addition to that burgeoning ecosystem and one that is placing emphasis on organic community growth, with strong incentives for farming, staking and referring friends. The multinational Cherokee community enjoys English, Russian, and French language support, meaning that this DeFi protocol is truly global in scope from day one.

Source : bsc.news