Baby Whirl — Whitepaper version
The BabyWhirl whitepaper aims to educate investors including investors of Whirl Finance on our vision, strategy and roadmap.
Introduction
We will illustrate in detail our unique way of redistribution mechanisms. It is the next generation of “Dividend yield farming” in decentralized finance.
BabyWhirl and Whirl Finance will share equal legitimacy, usecase, support and benefits in this program.
BabyWhirl will carry the innovation via reward system. We will share our vision — the most friendly and less hassle in auto claim of Whirl reward mechanism.
BABYWHIRL IN A NUTSHELL
BabyWhirl is the next generation of a yield — generating contract on the Binance Smart Chain (BSC): you get rewarded in Whirl instead of Baby Whirl tokens. 15% of every transaction is split in two:
- 7% Whirl is redistributed to holders
- 3% is used to fuel the liquidity pool exchange growth
- 5% Whirl is allocated to buyback/ marketing wallet
Classic Redistribution
This is a concept that was popularized by Safemoon. The mechanism incentives token holders to hold in order to earn dividends from the transactions (buy and sell). Redistribution is based on percentage (in the contract), current token balance and number of holders. TL; DR: You receive more tokens automatically.
Whirl redistribution — How it works
We created a unique system that auto claims for every single holder the amount due.
The way it works for holders:
- You buy tokens and hold them, every 60 minutes you’ll automatically receive Whirl in your wallet. Not a single action is required.
- Your BabyWhirl token amount is persistent and won’t change.
Whirl Finance — As Project
Whirl Finance is a multi-coin crypto wallet that securely stores your crypto assets in the most simple and easy way.
Truly mobile friendly, supporting major currencies like Bitcoin, BNB, Ethereum, Ripple and more.
Website: https://whirlfinance.io
BabyWhirl Codes — Behind the scenes
- The contract keeps track in an array of all token holders.
- Every transaction processes a certain number of users, depending on the transaction size
(bigger token transfers can process more, since the gas will still be proportionally less than
the value of the tokens). - The token is based on a Dividend-Paying Token Standard, which means all Whirl the contract gains will be split equally proportionally to the token holders.
- When a user is processed, the contract checks how many withdrawable dividends they
have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for WHIRL, or automatically buy back tokens for them.
Other features
Anti-Dump Logic
Price protection features such as max tx on sells are included. Any transaction selling more than 0.2% of total supply will be rejected. This prevents massive one time sells that drastically alter the token price.
Extra 1% Sell fee swing trading is a common practice that can affect price action. To incentivize holding and reducing pump/dump dynamics, we added an extra 1% sell fee on top of the initial 15% transaction fee.
Next Step
We will do a crowdfunding, a quick tokensale will be conducted and everyone is welcome to join. More informations will be posted in Whirl main telegram chat.
Token contract of BabyWhirl:
https://bscscan.com/token/0x04aa30aed16e5387666576f47de4227d0b3575f1
Join Whirl community for more info and updates. t.me/whirlfinance
