The trees.finance protocol has announced the launch of BLAZE – their first ecosystem token built to reward holders while supporting the trees.finance community and GANJA.
The team at treesfinance has submitted the following information:
The trees.finance Vision
Since launching on March 7th, trees.finance has quickly become one of the most exciting projects in the NFT space on BSC. The team has hit every milestone on their roadmap, notably releasing the $GANJA Farm, in collaboration with Unifty, where token holders can stake their GANJA to earn fresh NFTs.
The $GANJA Farm
The project has even been endorsed by the legendary actor and original stoner, Tommy Chong, of Cheech & Chong fame.
Ultimately, the vision of trees.finance is to build an ecosystem of value, supporting their community and NFT space on the Binance Smart Chain. In line with that vision, they’re introducing BLAZE into the trees.finance ecosystem, which will launch on the popular Binance Smart Chain token launchpad, BSCstarter, on Friday, April 2nd.
What is BLAZE?
$BLAZE is a passive yield generation protocol that rewards holders while supporting the trees.finance & GANJA ecosystem. Each transaction incurs a 4.20% fee which is used in two ways:
2.2% is re-distributed to existing BLAZE holders instantly and automatically at the time of each transaction.
The percentage of BLAZE earned is calculated by the percentage of BLAZE owned among all holders. The more BLAZE a holder owns, the passive yield they will generate. There is no need for staking in a vault or pool which eliminates the downside risk of staking tokens or impermanent loss.
2.Auto liquidity Generation
2% of each transaction is accumulated and every time 5000 BLAZE is collected, half is market-sold for BNB and used to create a Pancakeswap LP token
Over time, the liquidity stored inside the contract grows larger, which creates a rising price-floor for BLAZE and more stable buy/sell market dynamics.
Strong Ecosystem Impact
BLAZE is designed to provide immediate value to token holders through passive yield generation and stable market dynamics with deep liquidity through automated liquidity generation. GANJA, the project’s primary token, rolls up 4.20% of each transaction into a community fund where each week token holders get to vote on how to allocate its use. Holders can choose to light it up (burn), take a hit (reward community members), or pass it (use for marketing).
Additionally, the BLAZE protocol provides added incentives to both BLAZE and GANJA holders through the “Smoke Up” function.
Once a day holders of 500 $BLAZE can call for a “Smoke Up” where:
4.20% of the liquidity inside the contract is broken down into $BNB and BLAZE
The $BNB is then used to market-buy GANJA
100% of the GANJA and 95% of the BLAZE is burned
The remaining 5% of BLAZE is sent to the caller as a reward
The “Smoke Up” function provides support for GANJA/BNB pair while delivering immediate rewards to the smoke-up caller and reducing both token’s total supply in the process.
Supporting the trees.finance Community
As an initial incentive for GANJA holders to participate in the BLAZE market, 4% of the total BLAZE supply will be airdropped to all GANJA holders at launch.
The amount of BLAZE each GANJA holder receives will be proportionate to their holdings of GANJA at the time of the BLAZE IDO.
Source : bsc.news
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