Fee Active Collateral Token
What is Fact
Fee Active Collateral Token Is A Decentralized Finance Ecosystem That Allows Users To Borrow FACT Directly From The Liquidity Pool By Paying A One Time Processing Fee To The Pool Participants. This Loan Is Repaid On A Monthly Basis For 6 Months Or Before The 6 Months Ends.
FACT Eliminates Fluctuating Interest Rates Between Different Ecosystems To Avoid Currency Inflation Whilst Giving Maximum Revenue To The Token Holders Which Is Enabled By Zero Interest Loans And Therefore Biggest Market Share.
FACT replaces the loan interest with a fixed 2% processing fee for the liquidity pool participants.
FACT borrowers know the exact processing fee for their loans before confirming the transaction.
FACT loans interest rate is 0%, with a one time fixed fee distributed to the liquidity pool participant instead of calculating interest via APY or APR.
FACT defi is fully decentralized which eliminates the voting system proposals, in comparison to other systems which rely on changing interest proposals.
FACT is a 100% secured system with an extensive bounty program and series of smart contracts which will be audited by the OpenZeppelin team before launching.
FACT web and mobile app will allow real time profits for the liquidity pool participants.
FACT Aims To Burn A Minimum Amount Of 250,000 Tokens Per Year Which Is A Minimum Of 20,000 FACT Monthly To Reach 18% Of The Total Exchanges Supply To Be Burned By 2024 Depending On The Total Number Of The Wallets Staking The Token Per Month.
If The Flow Of The Staking Coins Is Higher Than 500K Burning Will Be At A Minimum Of 20,000 FACT And If The Volume Is Low Burning Tokens Will Increase Dependent On The Following Equation: Total Monthly Burned Tokens Will Be Calculated As: 20,000+Avg Token Staked Per Wallet (ASW) Total Staked Token For The Last 30 Days / No Of Wallets Has Made Staking For The Last 30 Days = Average Token Staked Per Wallet
Burning Tokens Helps Stabilize FACT Value And Curb Potential Price Inflation. The Same Process Will Happen Every Month Until We Burn 1Millions FACT 18% Total Supply For Exchanges.
|Security Charges And Bounty Program||15,000||150,000||0.94%|
How FACT Works
As a liquidity provider you will be eligible for instant fee distribution on any CDP created and at the same time you’ll be staking FACT and getting the staking rewards.
As a borrower smart contracts will lock the collateral and give you up to 80% collateral factor.
Paying off your 0% interest loan is always a winning deal so let’s say you’ve borrowed $800 worth FACT and you’ve locked 1000 DAI.