CoralFarm (CRL) ICO Rating, Reviews and Details

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Market

Pair

Price

Volume 24H

24H (price)

24H (volume)
Idex

Pair CRL/ETH 3 one year ago

Market $ 0.0002

Volume 24H -

24H (price) -

24H (volume) -

To be announced

Token Details

Ticker

CRL

Total supply

1,279,530.857

Additional Details

About CoralFarm

We are in touch with several non-gouvernemental associations related to Coral reefs protection. Most of them don’t have any crypto wallet yet. In the first week, if we were not able to conclude a partnership with one of those specific association, we will use Giving Block platform to fund an environmental NGO and we’ll share the txId with the community. In the meantime, we are trying to educate them with the matter and are already in a constant discussion with them

Why Coral? We are a team of experienced software developers and DeFi actors that want to contribute to the BSC DeFi yield farm movement and take it to the next level with real word use case and positive impact. We are trying to create a perpetual deflation token model, the Coral ($CRL), that allows a sustainable price model with a sufficient burn mechanism. We don't aim to replace the swap & exchange but to add value into the ecosystem and create a suitable and sustainable environment for people to yield farm with high APR. On top of that we are implementing a positive eco-impact in our tokenomic to link deFi with real world actions. How? We have launched a yield farm with a fair token distribution ! No premine, rewards have been announced in advance, and no one got any allocs. We have tried to launch in the most fair conditions. What do we get then? We believe that the usage of the farms will be enough for our team to get the dev funds needed to cover expenses and pay the incentives.

Features

Coral uses PancakeSwap.finance awesomeness to drive our liquidity pools and swaps. Soon, liquidity pools and swaps will be done within Coral in order for us to implement incentivisation mecanisms for CRL holders. Improved burning mechanism We are trying to create a strong burning mechanism that increases the token price constantly 3.9% burn fee will be charged at staking (current rate but might be reduced in the future) The burning transaction fee will be used to purchase Coral and burn some of the circulating supply Earn We hope to create a Coral for everyone to farm from it! Earn Coral, and other coins (to be determined) while staking. Security Timelock added to contract at launch Removed migrator code (inherited from Pancake swap)

CoralFarm Roadmap

NGO Partnership: We are in touch with several non-governmental associations related to Coral reefs protection. But most of them dont have any wallet ready to be used yet. For the first week, if we are not able to find a partnership with one of these specific associations, then we will use https://www.thegivingblock.com/ to fund an environmental NGO and share the tx with the community.Auditing: On the top of our list is to keep Lagoon farmers trust levels high. We will have our code audited by Víðarr the Auditor to integrate additional security resources as soon as possible! The goal is to be audited within the first week after launch.Coral Vaults: Demand for vaults is growing rapidly in the BSC space and we are quickly building one to enrich the Coral ecosystem. The future design will be taking a percentage of the profit from vaults to buy back Coral.

NFT Gamification: We will be working with a world class artist to create NFT cards that will have use-cases in the Coral Farm ecosystem. Owning Coral NFTs will give access to special vaults and allow to directly adopt a coral reef.Charity platform for NGO: we intend to provide an easy solution to NGO to receive cryptos donations on a regular basisWe are also working on innovative ideas and concept on DeFi space.

Coral IDO (listing and partnerships with other projects)Creating recurrent revenues to fund environmental NGO around the worldAwareness Program Getting Binance or CZ to donate any amount (even a single BNB) to an NGO dedicated to coral reefs gardening. We hope to provide the bridge for this to happen.

Coral Incentivized AMM (subject to change): The idea is to rewards CRL holders and distribute them to the NGOs. The exchange would have a slightly lower fee than actual concurrence, fees of which 99.5% goes to liquidity provider, 0.4% to CRL holders and 0.1% to charity towards NGO. Users would have lower fee and will offset the ecological cost of their swap.
Aggregators would prefer to select Coral Exchange as fees would be lower.
Liquidity providers would be able to enjoy higher fees as the platform will be newer.CRL holders will receive rewards and that help positively reinforce the betterment of our ecosystem !