Lets Freshen up on CORE…
For those who are not familiar with CORE, better know as cVault Finance: It is one of the fastest growing non-inflationary cryptocurrency today. CORE grew from $133 to $9,600 within 7 days of going live. CORE has been designed to execute profit-generating strategies autonomously with a completely decentralized approach.
With CORE’s governance approach, token holders have access to provide input on strategy contracts and vote on what goes live, and more importantly when it goes live. By using this method, CORE creates a close bond with their community and token holders. This aids in building brand loyalty, which goes a long way for any project but especially for CORE.
What Drives CORE?
Are you familiar with Liquidity Generation Event (LGE)? If not, you’re missing out! CORE offers a unique, fair-launch LGE smart contract, which was the first of its kind.
“This has never been done before, it’s a concept we came up with. After seeing people saying they are doing a pre-sale to generate liquidity and then rewarding people tokens for it. All that means is pre-salers dump on everyone, and the project dies.” Quoted from the Developer
To eliminate this problem, CORE developed a smart contract that collects a variety of tokens during the determined period of time for the event. Once that timer is over, the contract gathers the funds from the event to create new liquidity pools. These pools allow participants that contributed tokens to the LGE smart contract to receive LP tokens after the event is over. These tokens can be staked on CORE’s website to receive rewards.
In the Words of CORE, Keeping Liquidity, Liquid!
Liquidity… whether familiar with crypto or not, one must understand the importance of liquidity to a project. The measure of liquidity shows how easy an asset or a token can be converted to another asset, without affecting its price in a negative way.
With that being said, CORE has designed a unique smart contract, that blocks all liquidity withdrawals. Which in return, guarantees stability and growth to their economy.
“Currently we are collecting a lot of locked liquidity that when ready can be migrated out to create a standalone AMM. The continuous growth of our pools due to the underlying mechanisms will accelerate this venture.”
Farm, Farm and more Farm
Photo by Tomas Hertogh on Unsplash
CORE has come up with a way to keep farmers farming, by implementing a simple and easy two step Deflationary Farming method.
- CORE charges a 1% fee on token transfers
- The user can earn back those fees by farming
The Deflationary Farming mechanics of CORE were able to generate, in the first day, $1,000,000 in CORE for people staking the LP tokens and $100,000,000 of volume. All of this without creating a single coin.
Using this method of farming helps CORE eliminate most issues with excessive inflation that some farmers tend to face when farming.
Not Different But BETTER!
What is Vineyard?
Similar to CORE, Vineyard is a protocol that provides token holders with an inflation-less method of earning rewards for placing their tokens in their vault. As you dive deeper into Vineyard, you’ll notice a few traits that make Vineyard a better choice.
Instead of using a 10,000 total supply, Vineyard decided to up the ante to provide a larger total supply of 10 million.
Vineyard adds 90% of their supply to liquidity after their Liquidity Generation Event.
Vineyard unwrappable wrapped tokens (WINE)🍷 are allowed to be tradable for staked assets.
Vineyard provides VIP Pools, which provides utility to the GRAPES token. By having to stake a certain amount of GRAPES 🍇 to access yields from these unique VIP Pools, demand is created for GRAPES.
Vineyard is making way for a future by creating an ever-increasing price floor, causing the price of GRAPES🍇 to increase over time. Vineyard also is the backbone of a much larger ecosystem, with each project providing a unique contribution to Binance Smart Chain(BSC).
The Benefit of using BSC
Simply by using Binance Smart Chain, Vineyard becomes a little better by improving upon the mechanics of CORE. Even though this was not an easy task, Vineyard’s team is excited to be the first to create a huge wave in the world of crypto. Becoming the first to move to a revolutionary protocol on Binance Smart Chain.
The Growth Of Binance Smart Chain
The awareness and growth of BSC will play a huge part in the growth of Vineyard long-term.
The total transaction volume on Binance Smart Chain since the start of February has reached $24 billion. At this rate, BSC might soon become the number one blockchain in terms of transaction volume, researchers noted.
Binance Smart Chain is starting to reach new heights and is matching Ethereum. Earlier in the year BSC sky rocketed and had large volumes of transactions, creating some very active wallets. If these trends continue to move upwards, BSC could become the number one blockchain in-regards to volume of transactions.
