The protocol’s referral rewards program is an enticing feature that will drive user adoption.
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.
-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)
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:
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
30 CHEROKEE per block
846,000 CHEROKEE per day
9.09% to the dev team to ensure essential growth of the project
Audit by Techrate (submitted)
Audit by CertiK (submitted)
Migrator code removed from MasterChef contract
CoinMarketCap listing (submitted)
CoinGecko listing (submitted)
DappRadar listing (check)
To be listed on major exchanges.
ICO (initial CHEROKEE offering)
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
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.