Taking an aggressive approach to rebasing, RevoDAO brings both consistent rewards and community control to the table.
RevoDAO is a Decentralized Finance (DeFi) ecosystem based around its sustainable auto-compounding token, $RVD. The project offers a variety of DeFi services, including Non-fungible Tokens (NFTs), staking, holder rewards, a Decentralized Autonomous Organization (DAO), and more.
“RevoDAO is positioned to redefine the DeFi space with its new and improved AutoStaking and AutoCompounding mechanisms. It provides an alternative monetary convention that simplifies the staking process, maximizing the stable returns that $RVD token holders receive,” the RevoDAO docs explain.
RevoDAO claims to be paying APYs of up to 502% as of now, with the future payout plan to be determined by the project DAO. This in-wallet staking mechanism is what grants RevoDAO its distinction from other projects.
While its main focus is its unique approach to $RVD, RevoDAO has multiple ways for users to engage with its offerings. Check out some of the top features below!
The $RVD token is auto-compounding and self-sustaining thanks to its rebasing feature. $RVD uses positive rebasing (increasing supply as needed) that works hand-in-hand with orchestrated buybacks to maintain the price of the token. Every time a market transaction takes place, 2% of the sale is burned in the transaction. RevoDAO refers to this as “Dead Token Zone” and uses it along with rebasing to keep the supply in check.
$RVD holders are awarded automatic staking rewards thanks to the rebasing, with auto-compounds taking place every 15 minutes – an incredibly short amount of time for the industry. This provides a stable, sustainable form of staking that requires no effort from the user – everything takes place inside your wallet.
RevoDAO seeks to be as true to the tenets of DeFi as possible. Holders of $RVD are the ones with the final say in project decisions. They control the payout structure of staking rewards and other vital decisions that impact the future of RevoDAO. RevoDAO has renounced its ownership of the smart contract according to BscScan, leaving the community to guide the project.
RevoDAO is also integrating NFTs into its ecosystem. Users can earn NFTs by sending $RVD to a staking contract. The NFTs come in 6 different rarities, with each level having a corresponding boost in mining power.
Along with staking, the NFTs will also offer additional utility in the ecosystem. More details on this will soon be released according to the docs.
RevoDAO Trust Fund
The RevoDAO Trust Fund is a pool that takes 3% of every $RVD transaction fee. The fund is used to support staking rewards, reduce downside risk, and to support future NFT reward pools.
Random Diamond Periods
Random Diamond Periods will begin once the DAO takes control of buyback orchestration. Diamond Periods boost rebasing rewards by at least 10% and up to 100% per epoch. Consecutive Diamond Periods will appear randomly, incentivizing active interaction with the protocol.
The auto-liquidity machine helps maintain ecosystem liquidity. Every 24 hours, the engine will automatically inject liquidity into the market, according to the docs.
The liquidity is taken from 3% of every buy or sell order. 50% of this is used to buy $BUSD for the RVD-BUSD Liquidity Pool (LP) pair, with the other 50% going to the RVD liquidity in the pool.
RevoDAO is currently holding its presale on Pinksale. The presale details can be found here.
RevoDAO looks to create a simple, rewarding token that continually accumulates both supply and value for holders. With an aggressive rebasing system, consistent token burns, and user-friendly in-wallet staking, RevoDAO offers a highly-focused project for BNB Chain users.
For more information about RevoDAO, visit the following links:
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.