RCORE by DeFi Prophets and RMPL
RCORE is a deflationary cryptocurrency with a supply cap designed to be self-sustaining and self-rewarding based on positive price pressure from token burning and triangular arbitrage between RMPL-ETH-RCORE pairs.
RCORE is built with the goal to sustain its APY for stakers and to reach continuously higher token prices. Unlike other farming methods where farms are constantly minting coins, which dilutes the overall value over time, RCORE has a fixed maximum supply which decreases on every transaction via token burning.
Additionally, in other farms the APY will reduce to 0% when there is no trading, RCORE however is designed with triangular arbitrage opportunities to create trading pressure — by creating these trading opportunities arbitrage traders and arbitrage bots will be constantly buying and selling driving a higher and sustainable APY.
Fees and rewards for transferring RCORE
If you are buying RCORE using ETH or RMPL on Uniswap there is a 1.05% fee, otherwise all other trades are 2.1%.
Buying RCORE on Uniswap using ETH or RMPL 1.05% fee breakdown
- - 0.5% is farmed by users who stake the liquidity tokens
- - 0.5% of the transfer amount is burned — decreasing the supply continuously with every single transfer and trade
- - 0.05% is added to the dev fund
All other trading 2.1% fee breakdown
- - 1% is farmed by users who stake the liquidity tokens
- - 1% of the transfer amount is burned — decreasing the supply continuously with every single transfer and trade
- - 0.1% is added to the dev fund
This means that those holding tokens are able to farm without infinite inflation and without worrying about the APY dropping to 0% because of a lack of trading.
Who is behind this project?
DeFi Prophets - the creators of RMPL have launched this experiment in finance. RMPL was launched in early August this year, selling out in just 1 hour and doing over 8M volume through Uniswap during its launch. This put it right at #2 on Uniswap in volume on day 1 and going to $35M market cap in less than 7 days.
About this LP event
The RCORE Liquidity Pooling event for Uniswap allows investors to lock their ETH and RMPL in exchange for RCORED.
After this event is over, all contributed ETH or RMPL will be matched with RCORE and added to the Uniswap Liquidity pool. In exchange, the user will receive Liquidity Pool Tokens which can be staked for a share of the RCORE token allocation.
Once liquidity is added, it cannot be removed from the RCORE Uniswap Liquidity pools. We also removed emergency withdraw function from the original CORE contract, liquidity is locked forever
By depositing, you are agreeing that the team behind RCORE is not responsible for your funds after the event is over."I agree that the developers and affiliated parties of the RCORE team are not responsible for your funds"