Belt.fi (BELT) IFO to be Hosted on PancakeSwap

PancakeSwap
Mar 6 · 6 min read

CAKE holders, we are excited to announce Belt Finance (BELT) as the next Initial Farm Offering to be hosted on the PancakeSwap IFO platform.

IFO Sale Details

Sale start block: 5554180 (5pm SGT on Wednesday 10th of March 2021)

Sale end block: 5555380 (6pm SGT on Wednesday 10th of March 2021)

Amount to be raised: $3,000,000 USD in CAKE-BNB LP tokens

Tokens to be sold: 150,000 BELT

(Please note — BELT has no hardcap on total supply and will have a day 1 inflation rate of 23%)

Price per token: 1 BELT = $20.00 USD

Cake to be burnt: $1,500,000 USD

Method: Overflow (see below)

Token Details:

200,000 BELT have been pre-minted:

BELT emission rate = 1.178 BELT per block

BELT accumulated for the “Build Allocation” will be used for the following:

What is Belt.fi?

Belt.fi is a protocol that allows users to retain the stability of their asset positions and get maximum yields with minimal risk (little to no impermanent loss). They accomplish this with a combination of three main strategies:

Convenient, automated vault compounding

Strategy modifying yield optimization

AMM with stable or same-value tokens with low slippage and low IL (impermanent loss)

In short, what you get from Belt.fi is:

What is $BELT?

BELT is the governance and incentivization token of Belt Finance. BELT will be distributed to all types of pools, independent on whether they are token-based or LP-based. BELT has the role of giving incentive to BSC economies and subsequently acting as a booster for the BSC economy as a whole.

BELT supply has no hard cap. Supply will be controlled through deflationary mechanisms including comparably high buyback burns and through governance consensus.

BELT Inflation Distribution

Inflation will be distributed to our pools and LP stakers. BELT will be distributed to all types of pools, independent on whether they are token-based or LP-based. BELT has the role of giving incentive to BSC economies and subsequently acting as a booster for the BSC economy as a whole.

Initial Allocation Ratio

Deflationary Mechanisms

Belt.fi combines yield optimizing with an AMM protocol. Deflationary mechanisms occur in both processes.

The real time deflation can be seen transparently on the Belt.fi website.

As stated above, governance consensus may change the burning rate, block emission rate (inflation), and other factors important to deflation.

Learn more about managing the BELT supply here

To participate in the IFO:

Before Sale:

During Sale:

After Sale:

If you decide to acquire CAKE-BNB LP tokens before the IFO starts, you can stake them here to earn CAKE token rewards while waiting for the sale.

Please note — while you are holding CAKE-BNB LP tokens you will be at risk of Impermanent Loss.

What is the “Overflow” sale method?

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

Here are three basic examples to show you what we mean:

Please note — The final USD price per CAKE-BNB LP token will be set a few minutes before the sale starting at block (5pm SGT on Wednesday 10th of March 2021) and will be broadcasted on all channels.

While a few things may be subject to initial change, two things are sure:

Project Details

Project: Belt.fi (BELT)

Website: https://beta.belt.fi/

Contract Address: https://bscscan.com/token/0xE0e514c71282b6f4e823703a39374Cf58dc3eA4f

Twitter: https://twitter.com/BELT_Finance

Telegram: https://t.me/BeltFinance

Medium: https://medium.com/belt-finance

Docs: https://docs.belt.fi/

Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering to invest your funds in any project and please, make your investments very cautiously. PancakeSwap will not be held responsible for any investment losses.

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The #1 AMM and yield farm on Binance Smart Chain. https://pancakeswap.finance/

PancakeSwap

PancakeSwap is a decentralized exchange running on Binance Smart Chain, with lots of other features that let you earn and win tokens.