DeFi has wholly exploded over the past few years. The total market cap of all projects exceeding 100 billion in January 2021.
Over the past few months, we have seen a mass migration of DeFi users and teams migrate from the Ethereum network on the Binance smart chain. With pancake swap now being the go-to place for new projects.
With the benefits of low-gas fee transactions that emerged from BSC, we have also seen many investors get scammed, coupled with a lot of projects that don’t get investors the true worth of their money.
This is how Beak Finance provides an excellent solution:
◾️ We automatically offer farming yield into your wallet without you needing to put your asset in a liquidity pool. We do this by applying a 10% tax on every transaction, for which 4% is given to holders proportionally to the amount held, and 6% gets locked forever in BEAK-BNB liquidity.
◾️ We are 100% decentralized. No rug is possible. All your assets remain in your wallet at any given time
Also, we have implemented a few deflationary mechanisms which increase investors value:
◾️ 50% of the circulation will be sent to a burn address
◾️ Every transaction, 6% of the transacted Beak is wiped out of existence
Unruggable 🔐
Liquidity is locked on pancake swap, and the ownership has been transferred to a burn address.
