Intro
PENGUIN Swap is a decentralized exchange running on Binance Smart Chain and Pancake swap exchange, with lots of other features that let you earn and win tokens.
Earn
We hope to create a PENGUIN for everyone to farm from it! Earn PENGUIN , and other coins (to be determined) while staking.
It’s important for us to mention that our inflation control mechanism is not just based on buybacks. The main reasons for this decision are:
Allocating this budget for marketing instead of buyback will help us grow & expand, hence, increasing coin value much more compared to buybacks.
Income from deposit fees is negligible compared to the size of the PENGUIN/BNB and PENGUIN/BUSD pools. As a result of this, value increase of PENGUIN after the buybacks will also be negligible.
Possible dumps after buybacks due to PENGUIN value increase (which, like said, will also be negligible, but still constitutes as a reason)
PENGUIN Production & Burn from Farming
There will be PENGUIN burns every day.
Nearly 9.09% of total produced PENGUIN will be sent to the deployer address for marketing & burning. 90.91%, approximately will be distributed among farms & pools for our community.
THERE WILL BE NO PENGUIN EXCHANGE OR SELLING FROM DEVELOPER’S ACCOUNT TO BNB&BUSD POOLS!
Many other platforms which sell/exchange/dump their coins into their BNB and BUSD pools, hence, decreasing their coin value by gaining income from these exchanges. Our crew has never, and will never follow this income strategy in order to increase PENGUIN value.
It’s important for us to mention that our inflation control mechanism is not just based on buybacks. The main reasons for this decision are:
Allocating this budget for marketing instead of buyback will help us grow & expand, hence, increasing coin value much more compared to buybacks.
Income from deposit fees is negligible compared to the size of the PENGUIN/BNB and PENGUIN/BUSD pools. As a result of this, value increase of PENGUIN after the buybacks will also be negligible.
Possible dumps after buybacks due to PENGUIN value increase (which, like said, will also be negligible, but still constitutes as a reason)
