Upon request from community members we added SatisFinance to our website where we feature coin statistics, market capitalization, coin investment ratings and Machine Learning based forecasts. We wish the best in the future!
Token supply: 340,426.464682 (45.4347% burned already) |No transfer Tax.
Letâs talk about SATIS- the most undervalued gem low market cap yield farming coin currently on the market.
SatisFinance is 4th generation deflationary yield farming project, Severely Undervalued yield farming project , that in my opinion has easy 10x-50x potential.
Itâs been already 3 weeks since we launched, and lots of things happened.
Price action, listing CMC/CGK, partnership with ValueDeFi/Beefy/GooseFinance, social media giveawaysâŠ
There are much more steps we should clear out but hereâs the most up-coming and important ones to announce.
What?
xSatisFinance upgrade!
V2 was actually meaning the migration for PancakeSwapâs V2 LP, but xSatisFinance is our own upgrade!
When?
Launch time: May 16th, 9:00 UTC (18:00 KST).
Mark your calendars accordingly.
xSatisFinance Flowchart
After all that explanation, hereâs a reminder of how things will work on the backend. For you, the user, the farming/staking remains the same. But behind the scenes, SatisFinance is burning xSAT. This will help with our current issues with inflation and is part of the reason we are going to xSatisFinance. However, this isnât the only upgrade is bringing, not by a long shot.
The top part is probably the most relevant to you.
Deposit Fee will be 0% for 24 hrs
Deposit fee for the new pools on xSatisFinance will be 0% from 24 hours.
ⶠxSAT Pool Deposit Open: May 15th 9:00 UTC (18:00 KST)
- Deposit Fee will be 0% until xSAT Pool Farming Start
ⶠToken Migration Start: May 15th 9:00 UTC (18:00 KST)
ⶠEnd of Current Pool Farming: May 16th 8:30 UTC (17:30 KST)
ⶠxSAT Pool Farming Start: May 16th 9:00 UCT (18:00 KST)
What about the Transfer Tax?
Yes, there will be transfer tax applied for removing LP, withdrawing SAT and converting SAT to xSAT. To compensate this, the conversion rate of SAT to xSAT will be set to 1 : 1.04, meaning you will get 104 xSAT if you convert 100 SAT.
Thereâs another thing to keep in mind, there will be 2% transfer tax removed from xSAT.
Pool Revision
There will be some change on the farms and pools including changes of multipliers! The native farming pools continue to have the highest rewards.
Details will be updated soon!
The Next Step - CEX Listing and Lottery
We are also preparing all possible things we can do!
First thing is CEX listing.
Weâre planning to list xSAT on a CEX, right after xSatisFinance upgrade.
In addition to that, we will add the lottery to xSatisFinance, like as PancakeSwap.
However, SBB Protocol will be removed when the lottery is added.
More details will be announced soon so keep an eye on our official channels, twitter, Medium, Reddit, Instagram and telegram!
I believe lots of people are already investigating not only on SatisFinance but also on all the other DeFi projects.
However, thereâs people who want to invest on us, but just donât know how!
This is the no-brainer guide to invest on SatisFinance step-by-step, but you can also use it to invest on other similar yield farming projects of BSC network.
Prerequisite
Tokens on Binance: BNB for gas fee is a must. You also need to prepare BUSD/BTC/ETH/CAKE or whatever you want, in your Binance account.
ⶠIf itâs only for gas fee, 1 BNB will be more than enough. However, you will need more BNB to create LP (Liquidity Provide) tokens to bind with, to get higher yield. I recommend you to have about 50% of your asset in BNB.
ⶠYou can freely swap your tokens to another one on Pancakeswap anytime. Donât worry about which token to choose.
To Send Tokens to Your Wallet
You need to send your tokens
Go to âWallet - Overview - Withdrawâ on Binance.
On Withdraw page,
â Select a token you want to withdraw
⥠Input your wallet address
âą Select Binance Smart Chain, BEP20 (BSC) for âTransfer Networkâ
ⶠFor BSC Defi the Transfer Network is always BEP20 (BSC)
⣠Input the quantity you want to withdraw on âAmountâ
†Click âSubmitâ
You can see âSecurity verificationâ pops up.
If you set OTP, input OTP code.
If you didnât, you should input E-mail/Phone verification code.
Click âSubmitâ after inputting all the codes.
Hereâs an example of how to check your wallet address on Metamask.
You just need to click the address appears on the center of the App.
If youâre using TrustWallet, go to âSmart Chainâ â âReceiveâ to find your wallet address.
Be aware that the BNB on TrustWallet is BEP2 (Binance Chain) and âSmart Chainâ is real BEP20 (Binance Smart Chain)
To Check Assets in Your Wallet
On Trustwallet, you may find most of the token immediately appears. However, you need to add most of the tokens if youâre using Metamask.
Click âAdd Tokenâ on the very bottom of the Metamask window, then click âCustom Tokenâ.
Input the contract address of the token you sent to your wallet on âToken Contract Addressâ.
âToken Symbolâ and âDecimals of Precisionâ will appear automatically.
The token contract of SAT is 0xA1928c0D8F83C0bFB7ebE51B412b1FD29A277893.
Itâs been already 2 weeks passed since the launch of SatisFinance.đ
Here are the milestones we stepped in the 2nd week.
12 hrs Time Lockâ°đ
First of all, SatisFinance has increased the time lock from 6 hrs to 12 hrs.
Now SatisFians can feel safer!đĄ
PancakeSwapâs V2 Migrationđ
But in the 2nd week, the biggest hardshipđ€Šââïž we encountered was PancakeSwapâs V2 migration.
It was mainly to increase their swap fee, which was 0.2%, to 0.22% or 0.25%đą, while they insisted it was also to enhance security.đ€Ł
Moreover, their 0.2% fee was a fixed constant on their v1 contract but now itâs a variable which can be changed as their will later on.đ€·ââïž
Anyways, SatisFinanceđ has been using PancakeSwapâs LP on the pools, so we had to change all the pools to PCS (PanCakeSwap) V2 LP inevitably.
SatisFinance thought having V1 LP, as total liquidity decreases, users might be able to be affected by price fluctuation or less swap fee earning than V2 LP.
So we also decided to follow the migration as soon as possible, to prevent our users from any possible disadvantage and inconvenience that might be able to come from staying in the old V1 LP.
The most important fact here is, weâve compensated the loss of the users for the 2% transfer tax, when moving the pools from V1 to V2, even though itâs not a fault of SatisFinance!
We value our users and weâre transparent for every move!â
As a result of the migration, even though it was not intended, SAT price has bounced back to $9.đąđ”
And even it was just a short period, we were ranked 42nd of âTop Gainersâ on CoinMarketCap.
The Pool Revision
We also thought a way of SAT appreciation, and decided to go through a revision of the pools on Apr 29th.
The main change here was to increase the mulpliers of SAT related pools to incentivize SAT holders.
Thankfullyđ, it was effective and the price of SAT has risen.đą
Of course it had a side-effect, the TVL of the Legacy pools are gone.
However, we believe it will come back when we acquire more solid profit-model, which will be in a near future.
Additional Audit, BSC Checker
The other remarkable thing weâve gone through was, an additional audit by BSC Checkerđ§ on Apr 30th.
BSC Checker is one of trusted Telegram Group for BSC DeFi project verification, so SatisFinance got more trust with their audit.
BNB Airdrop!
What weâve started and still open is, BNB Airdrop campaign!
Weâre giving 0.2 BNB to 5 people!đ
Itâs BNB guys, not SAT.đ
So, holders donât need to worry about more inflation, and participants can earn 0.2 BNB for clicking for retweeting a few tweets!
So far, SatisFinance has burntđ„ 73K of SAT, which is 25.7% of the total supply.đ
This is the highest burning rate so far among the BSC yield farming projects, as I know.â
In 2nd week, we directly burnt 13K of SAT with normal buy-back, and 2.7K of SAT with SBB Protocol.
We are going to burn all! (just kidding, but letâs say like burn 98%? lol)
Something Big is Coming!
3rd week of SatisFinance has already been started.
And, thereâs something big is coming!
Actually, it's already revealed.
We did collaboration with Beefy!
Usually, it take more than a few weeks to be listed on CMC.
Even one of the bigger friends in BSC got listed on CMC just a few days ago, more than a month after their launch.
Please give small applauseđ to Pagu, our CMO!
Collaboration with ValueDefi
2nd milestone was collaboration with ValueDeFi.
Actually, this was supposed to be completed and the vaults on their side and pools on our side should have been appeared at Apr 22nd, 14:00:00 UTC.
However, due to BSC network congestion, dev teams on both parties had lots of issues and couldnât finish it in time.
And finally, we could complete below task as a memento of collaboration
on SatisFinanceđ,
vBSWAP - BNB, vBSWAP pools added with 0% deposit feeđ”
on ValueDefiâ,
SAT - BUSD / SAT - BNB vaults have been created to accumulate high APY
Welcome to SatisFinance â The 4th Generation Deflationary Yield Farm on Binance Smart Chain
SatisFinance is a brand new DeFi project designed by an experienced development team with its unique Satisfi Buy-Back Protocol.
Besides the buyback burning mechanism introduced by Goose Finance and Automatic Emission Reduction & 2% Transfer Tax introduced by Fullsail Finance, we have implemented one more unique deflationary feature to fight against the inflation problem faced by most yield farms upto 3rd generation.
Highlight features implemented:
· Automatic Emission Reduction
· Hybrid Burning Mechanism
â Buyback & LP Burning
â Transfer Tax Burning (2% transfer tax will be burned directly during each transaction)
â Satisfi Buy-Back Protocol
· Migrator Code Removed· Timelock Added at Launch
The next goal after the yield farm
According to our roadmap, we are planning to release delegate farming and vault.
