AlpacaToken

AlpacaToken

Price $0.317593

Binance Smart Chain :

0x8F0528cE5eF7B51152A59745bEfDD91D97091d2F

24h Trading Data

change -5.17% volume $4,051,748.38

Market Cap: $48,816,431.74



Holders: 55,570

Total Votes :

πŸš€13

Week Votes :
Statistics date ( May 23 2022 - May 29 2022 )
System time: 01/01/2000 00:00:00 Pacific Time Zone

πŸš€0

Launch Date :

πŸ“£Aug 29 2021

About :
Alpaca Finance is a fair launch project with no pre-sale, no investor, and no pre-mine. Similar to many fair launch projects, we will reward various participants that help bootstrap our ecosystem. This will be the only way to earn ALPACA tokens.

We will let the community decide how they want the economic incentives to be captured by the ALPACA tokenβ€Š; For example, it could be similar to Sushiswap where x% of fees generated go to perform token buyback and burn. At the moment though, there are already several mechanisms in place for both performance fee sharing and for making ALPACA deflationary in nature.

10% of the 19% performance fees for yield farming positions on the single-asset CAKE vault is distributed as Protocol APR to ALPACA lending depositors.

4% of the 5% of every liquidation bounty that any liquidation bot receives as a fee, goes towards buybacks and burns of the ALPACA token.

10% of 19% of the lending interest that lenders earn goes towards buybacks and burns of the ALPACA token.

Through adding mechanisms like these, most of the rewards from the ALPACA platform will soon be directly or indirectly shared with ALPACA token holders.

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