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Tokenomics update ($About AFIX)

ARIES FINANCIAL launched LP_farming on BSC on April 17th, 2021.

ARIES FINANCIAL will issue a true governance token for ARIES FINANCIAL around June to August 2021.

Token Name : AFIX token

Token symbol : AFIX

Number of issues : 180,000

Contract address : 0xcf496c03f630c343333a28749a7fc4d589b1137a

Currently, ARIES FINANCIAL issues two tokens which are $AFI (ERC) and $AFIB (BSC).

These two tokens can be obtained by farming at ARIES FINANCIAL with the same token on different networks.

These tokens are PoDs (Proof of Deposits) for deposits and do not have value. These tokens are PoDs (Proof of Deposits) for a user’s deposit and represent the percentage of the user’s deposit.

Mission of ARIES FINANCIAL

1. As an yield aggregator, provides a strategy to achieve higher APY without native token rewards.

2. Governance token AFIX Price stabilization (ranking in the top 100 market capitalization in 2021)

Currently, many yield farming and yield aggregator platforms are released in the DeFi environment, but most of them only provide platform token rewards to show higher APY, and the actual price increase in LP token is insignificant.

Problem:

Native token rewards can only be sold on exchange for stable coin or other tokens. As a result, it is prone to inflation, and users have to perform work such as harvesting and selling on a regular basis, so depending on the timing, the profit may be lower than expected, which takes time and effort.

ARIES FINANCIAL solution

As an yield aggregator, ARIES FINANCIAL plays a role in connecting users with each yield farming platform.

By using ARIES FINANCIAL, all the work that the user had to do manually is performed by smart contract, and the user’s profit is maximized by the automatic compound interest strategy.

Example) Normal

User deposits USDC
APY | USDC 5%
Native Token 15% (Users repeat their own harvesting, selling, and add funds)
Total APY 20%

ARIES FINANCIAL

User deposits USDC
APY | USDC 25% (To maximize profits with Auto compounding by repeatedly selling and adding deposit of original tokens once or twice a day with smart contracts)

Example 2) Normal
User deposits WBNB-pBTC LP token
APY | Native token 75% (Users repeat their own harvesting, selling, and add funds)

On ARIES FINANCIAL
User deposits WBNB-pBTC LP token
APY | WBNB-pBTC LP Token 120% To maximize profits with Auto compounding by repeatedly selling and adding deposit of original tokens once or twice a day with smart contracts (when 110WBNB-1BTC is deposited and removed one year later 176wBNB -1.6 BTC can be received)

AFIX, which is a true governance token for ARIES FINANCIAL, after we issued the tokens, our task is to stabilize the market value at the 100th place in 2021. We will implement the tokenomics that we planned to achieve this goal.

Currently issued AFI (ERC) and AFIB (BSC) are like certificates for user deposits. These two tokens can be received separately from APY by using the ARIES platform.

These two tokens can be migrated at the exchange rate of 1 (AFIX): 100 (AFI, AFIB) with AFIX that issued around June to August 2021.

About AFIX listings

AFIX listings include DEX listing such as Uniswap and Pancakeswap, and CEX listings.

In addition, the migration from AFI / AFIB to AFIX is carried out in a scheme that does not give a large price impact while considering TVL, liquidity (DEX), trading volume (CEX), and price.

ARIES has a feature called Auto-buyback implemented in smart contract. A certain amount of AFIX tokens will be repurchased at the timing of daily Auto-Compunding interest.

How much AFIX tokens will be repurchased is proportional to the amount of TVL.

In other words, it will be possible to calculate how much it is easy to maintain the price based on the number of tokens issued and TVL.

By adjusting migration and Auto-buyback rate, we will systematically maintain and raise the price of AFIX tokens.

Buy-backed tokens will be burned forever. (AFIX is a deflation type token.)

Summary

ARIES FINANCIAL provides users with the highest and highest APY without distributing platform token rewards, nor does it make APY look higher because platform token rewards.

We do not charge an entrance fee and withdrawal fee to further increase user profits.

ARIES FINANCIAL has tokens AFI and AFIB, but neither ICO nor pre-sale.

It is a token that can be obtained only by using ARIES FINANCIAL platform.

We hope that you will have a good understanding of AFIX’s tokenomics and have a brand new “hope” to enjoy farming safely in the DeCentralized new financial system.

ARIES FINANCIAL’s mission is to maintain the price of AFIX and issuing token systematically.

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ARIES FINANCIAL

ARIES FINANCIAL

ARIES FINANCIAL is a yield farming platform guided with Staking Pools. https://aries.financial/home