Frankenstein’s monster. Finance was introduced as the first Yield Farming Optimizer for FTM and BSC, complete with a referral system, fair launch, Max Supply 2M, and fair launch. The development team is in the process of launching DEX, which was launched on May 17th and audited.
Moreover, the next big thing that will be launched in the near future is DEX for BSC and FTM.
Introduction
Frankenstein.finance, inspired by Swamp.finance, is a yield optimizer that enables yield aggregation for holders and users of FRANK tokens. Frankenstein.finance employs vaults to aid in the automation of yield farming and the compounding process. Vaults also allow for more effective use of gas, as well as other automated procedures, and employ various yield tactics to assist customers in growing their assets through automation. Frankenstein.finance employs an optimum compounding method and an efficient pricing model to encourage long-term yield farming and to give adequate incentives for long-term holders.
FRANK holders do not need to understand the underlying protocols that facilitate automation and yield optimization, and depositing cash to vaults is a passive investment approach. The idea is to enhance the original value of assets deposited by users, in a manner similar to how crypto hedge funds function, with minimum user interaction.
In addition to the features offered by Swamp.smart Finance’s contracts, Frankenstein.Finance has its own Lottery, a Referral system, and a Workers panel, where users can interact and harvest pending rewards for the entire farm or pool, earning some FRANK tokens in exchange, similar to what Acryptos has. All of these new features are inspired by other significant projects on BSC, which is why the moniker Frankenstein, has monster smart contracts at its core, adding functional usage of the token, and the ability to reward users through its Rewards System and Lottery.
Project Roadmap
Launch: Monday May 17th 2021
Audit: TechRate Full Audit
Audit Completed
AMA: Marketing plans for AMA sessions right after Audit
Exchange: Required before getting listed on tracking platforms like Coin Gecko and Coin Market Cap.
Listings: CoinGecko, Coin Market Cap, Blockfolio (Listings require token to be listed on exchanges first)
Project is currently adding new farms and pools that are requested by the community.
Project Tokenomics
FRANK is a token that exists only in the Frankenstein.finance ecosystem. Frankenstein.finance is a yield optimizer that runs on the Binance Smart Chain (BSC) and Fantom Opera (FTM).
FRANK coin is traded on Pancakeswap, one of the biggest decentralized exchanges (DEX) operated on Binance Smart Chain (BSC). Pancakeswap is an automated market maker (AMM) that lets users to purchase FRANK tokens and instantaneously exchange them for other BEP-20 type tokens listed on the platform.
The FRANK token is traded on SpiritSwap, one of the most popular decentralized exchanges (DEX) managed by Fantom Opera (FTM). SpiritSwap is an automated market maker (AMM) that allows users to purchase FRANK tokens and instantaneously trade them for other Fantom Opera compliant tokens that are listed on SpiritSwap.
FRANK reward distribution:
Total ~5,486.301 FRANK/day (0.190496575342466 FRANK/block) 10.00% of Total to Frankenstein.finance Dev Team to ensure essential growth of the protocol Maximum supply cap at 2,000,000 FRANK for Binance Smart Chain.
Pre-mint: 10420 FRANK (BSC)
Total ~5,486.301 FRANK/day (0.063498858447488 FRANK/block) 10.00% of Total to Frankenstein.finance Dev Team to ensure essential growth of the protocol Maximum supply cap at 2,000,000 FRANK for Fantom Opera.
Pre-mint: 10420 FRANK (FTM)
Lottery will also be funded by adding 0.1% from the amount of tokens minted per block every 24 hours.
Referral Program
How does it work?
Copy your link.
Earn 0.25% of every transaction for every wallet you refer. One level only per wallet.
Lottery
Specifics:
Lottery Ticket Fee for 1 ticket: 0.05 FRANK (BSC)
Lottery Ticket Fee for 1 ticket: 0.1 FRANK (FTM)
Single User Lottery Entry Limit: No overall limit, but only 50 can be bought at one time through the UI
Paying for one ticket will give users a random 4 digit combination with each digit being between 1-9, for e.g. “1-9-3-2”
Lottery will also be funded by adding 0.1% from the amount of tokens minted per block every 24 hours.
To win the lottery jackpot (50 percent of the total lottery pool), users must match all four numbers on their ticket in the same sequence as the four winning numbers.
There’s no need to be concerned if you don’t match all four. You are assured to win a reward if you match two or more numbers in the proper order.
Winning Ratio:
– Match all four digits in the precise sequence to win half of the pot (or split the pot if more than 1 winner).
– Matching three digits in the exact order results in a win or a split of 20% of the pot.
– Matching two numbers in the exact order results in a win or a split of 10% of the pot.
– Burn the remaining 20% of the pot.
– Please keep in mind that if no one was able to match three numbers on any given draw, the 20 percent allotted to winners will be burnt.
Lottery phases:
Each full lottery session is completed every 12 hours (2 per day), with the timings for each as below:
3 AM – 2 PM (UTC)
3 PM – 2 AM (UTC)
3 AM – 2 PM (UTC)
3 PM – 2 AM (UTC)
Workers Module
Anyone may assist in harvesting our fields and pools and receive 0.5 percent of the strategy’s revenues. This allows us to decentralize the automation of our vaults.
As a regular user, you do not need to do this; your Vault holdings will multiply automatically.
Cross chain AMM BSC & FTM
Farms & Vaults (BSC)
FRANK Vaults save customers time while increasing yields through more frequent compounding, more efficient gas consumption, and other innovative automations.
Your tokens will grow over time if you deposit into a Vault. You do not need to reinvest in the vaults manually.
When you make deposits to the vault and indicate a stake in the protocol, most vaults offer you to receive additional income in the form of FRANK.
Farms & Vaults (FTM)
FRANK Vaults save users time and increase yields by allowing for more frequent compounding, more efficient gas consumption, and other inventive automations.
Your tokens will grow over time if you deposit into a Vault. You do not need to reinvest in the vaults manually.
When you make deposits to the vault and indicate a stake in the protocol, most vaults offer you to receive additional income in the form of FRANK.
Source : bscdaily.com
