Futura Token ($FUTURA), a new form of decentralized finance (DeFi) token utilizing a “smart liquidity pool,” successfully launched and began trading on Uniswap on the 8th of August 2022
“Latest Fintech News: Bank of America Announces Small Business Down Payment Grant Program to Drive Women and Minority Business Growth
Assessing current market sentiment, the company believed this an ideal climate to launch a new form of DeFi token, which adjusts the usage of the transaction fees intelligently, based on live market data. The company believes this “smart liquidity pool” can deliver optimum price performance to investors, even in market volatility.
The team has provided numerous updates and revelations in the first week since launch, establishing FUTURA as an investor-focused DeFi project.
First-week Chainlink Integration
To ensure accurate market information is continuously being assessed, the $FUTURA contract is directly reading Chainlink Price Feed data. This innovative approach to liquidity pool management was developed in partnership with well-respected Ethereum blockchain developer Sir Tris (Twitter:@SirTrisCrypto), who counts amongst his most successful recent projects Clifford Inu ($CLIFF), which was the first ERC-20 token to utilize native burns from the liquidity pool.
New Generation Smart Contracts
Many investors have temporarily pulled out of the DeFi space out of concern for fraud since, according to market analysis tools like the BTC F&G index, the overall market mood is highly unfavorable.
“Latest Fintech News: Moove Signs MoU with MUFG and Suzuki to Promote Financial Inclusion for Mobility Gig Workers Globally
Future-focused at $FUTURA, the business is spending money to create a next-generation contract analyzer, utilizing the skilled crew at their back. The company claims that several other cutting-edge solutions that are presently under development will continue to prioritize enhancing the safety of the typical investor in the occasionally hazy DeFi field.
By refining existing mechanics and expanding the capabilities of smart contracts, FUTURA works to usher in a new generation of smart contracts by optimizing them from the inside out.
Programmed Growth
The FUTURA smart contract was designed from the bottom up to offer a dynamic taxing scheme as a countermeasure to the prevailing market attitude.
As investors flock into FUTURA, the contract takes a portion of the taxes into the LP, storing them in the contract itself. This, in essence, ensures that on any price drop, the contract automatically removes the generated LP and purchases it on market value, subsequently burning the supply.
Deflationary Dynamic Taxation
Through Futura’s dynamic tax system, the contract buybacks automatically get burnt, taking the tokens out of circulation permanently, which results in more scarcity and a higher PPC overall.
This mechanic provides a price cushion and prevents significant drops on the chart, ensuring that the price floor is up with any contract interaction. Furthermore, this solution also results in higher liquidity, providing more overall stability to the token.
“Latest Fintech News: PalmPay Hits 10 Million User Milestone in Nigeria
[To share your insights with us, please write to sghosh@martechseries.com]
