Chapter I: The Beginning
“The beginning is the most important part of the work.”
― Plato, The Republic
We, at SaltSwap, love crypto! We have seen a lot of good projects and wanted to use our skills to build something even saltier. We want to build a product that lasts and provides value to our users.
Even though we are starting off with a humble salty yield farm, we will quickly move on to bigger and greater things. We have big plans for the SALT token as you can see in our roadmap. In the short term we are planning do put development effort into the following:
- Launchpools, stake SALT get tokens;
- Lottery, not only a chance for you to win more SALT but also a Burning Mechanism to keep the value of the token high;
- Binary options, more on this in another post.
We are launching a yield farm with a fair token distribution.
There is no SALT pre-mine, the reward start block will be announced in advance, and no F&F getting allocs. Even our team has no alloc, we will be joining at the same time as all of you! We believe this is super fair and everyone can relax and enjoy the salty yield farms.
What does the team get then?
We believe that the usage of the farm will be enough for us to get the dev funds needed to cover not only our development efforts but also our server expenses and incentives. See our incentives here and join the movement.
Contract Address: https://bscscan.com/address/0x2849b1aE7E04A3D9Bc288673A92477CF63F28aF4
Chain: Binance Smart Chain (BEP-20)
Emission rate: Reward per block — 1.1 SALT
Daily emission (Based on 28.8k blocks per day) — 31,680 SALT per day
Distribution: Farmers get 1 SALT rewards per block, devs get 0.1 SALT reward per block
We will be adding a time lock contract as the owner of the MasterChef. The time lock will be activated on launch with a 24h delay, this should give you enough time to validate any of our transactions.
We will publish our contract addresses in a follow up article. Rest arrured that our Masterchef contract does not have the infamous migrator code. Please refer to our contract’s repo here.
Follow the counter on our website. You can already add your tokens and LPs to our farms and you will get SALT as soon as the timer ends.
Here’s to new salty beginnings! 🧂