Announcing: Stockpile Finance

Stockpile Finance
3 min readNov 17, 2020

Introduction

Most recent DeFi projects don’t have their tokenomics in order, and most yield farming projects have gone to or are headed to zero.

With Stockpile, you won’t have to worry about the price crashing to zero or the liquidity getting pulled out from under you. We aim to make things simple and reward long term holders.

What is it?

Stockpile Finance is deflationary yield farming with a powerful use-case: community-owned AMAs for DeFi project discovery.

Stockpile rewards long term holders by rewarding them every time someone sells Stockpile (STCP) that’s been farmed.

There will always be buy pressure for the STCP token, because we are the only community-owned discussion platform with its own ‘Great Question!’ tipping token: STCP

In a nutshell, STCP is:

  • 🛣 Community-owned AMA Tip Token
  • 📝 Fair Launch (dev has no mint)
  • 📱 Fixed Liquidity
  • 📱 Deflationary Tokenomics
  • and much more 🔥

How does it work?

  • There is a fixed supply of 10,000, unlike yield farming projects that print unlimited tokens and whose price will eventually go to zero
  • Stake STCP-ETH to earn tokens
  • Every time STCP is sold, a good percentage of what is sold goes to the long term holders to reward them

What’s different/special/unique about Stockpile Finance?

  • 10,000 fixed supply
  • Fixed liquidity pools (permanently locked)
  • Hyper deflationary tokenomics via token burn
  • We’re ahead of schedule in our development plan

Fair Launch

  • Everyone, even the team goes through the same process when buying tokens
  • No VC’s, no presales
  • No premines

Tokenomics:

Quick facts

  • Token name: Stockpile Finance
  • Token Symbol: STCP
  • Max Supply: 10,000
  • 10% of transactions will be charged as a dev/ops fee
  • 50% transfer fee of STCP sellers go to STCP holders
  • 15% of the transfer fee from sales will be burned
  • 25% Goes to STCP seller

Deflationary Tokenomics

Stockpile.finance has a 15% burn from proceeds of sales built into every transfer to reduce the overall fixed supply. All coins removed from circulation or added to the liquidity pool increases the price floor of STCP.

Roadmap

  • Phase 1: Liquidity Generation Event (LGE)
  • Phase 2: Project Launch
  • Phase 3: Governance

Governance

As part of our roadmap, we will be adding a time lock to our contracts in either 3-day or 7-day delays. These will be announced during the phase 2 process.

STCP tokenholders will be also able to vote on things such as strategies which will be announced in phase 3.

Disclaimer:

This is an experiment, so be sure to do your own research and don’t risk anything you can’t afford to lose.

Security Audits:

We are currently reaching out to 3rd party security audit firms. We invite participation from reputable security audit firms such as Certik, Quantstamp, and Peckshield.

How to Participate:

Launch Date:

- San Francisco, USA Mon, Nov 23, 2020 at 6:00 am PST
- New York, USA Mon, Nov 23 at 9:00 am EST
- London, United Kingdom Mon, Nov 23 at 2:00 pm GMT
- Singapore, Singapore Mon, Nov 23 at 10:00 pm SGT
- Hong Kong, Hong Kong Mon, Nov 23 at 10:00 pm HKT
- Corresponding UTC Mon, Nov 23 at 14:00

Bookmark this page and join us on Telegram and follow us on Twitter to stay up to date!

Join us today:

Telegram: t.me/stockpilefinance

Twitter: twitter.com/stockpilefinanc

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