Niob Finance — Next Generation Decentralized Exchange and Automatic Liquidity Acquisition Yield Farm
Niob Finance TGE on 21.12.2021 at https://niob.finance/ with official start of minting on 22.12.2021 at 21:00 UTC
Why Niob Finance?
NiobSwap is a Decentralized Exchange and Automatic Liquidity Acquisition Yield Farm running currently on Binance Smart Chain, with a three-level referral system, and opportunities to launch on several other blockchains such as Polkadot, Polygon, Tron and Ethereum. We have created a deflationary token, NIOB, which allows token price to increase constantly with a sufficient burn mechanism. Locked value will continue to be added daily to our farms and pools. Total value locked into Nion Ecosystem will provide a sustainable environment for users to benefit from high APR yield farming. NiobSwap users will have access to easy-to-use best in class technology, as well as various new tokens through our own AMM.
Basic Information
Token Name: Niob Token
Token Symbol: NIOB
Contract Address: 0x5ac5e6Af46Ef285B3536833E65D245c49b608d9b
Initial Blockchain: Binance Smart Chain (BEP20)
Initial Emission Rate: 50 NIOB/block
Max Supply: 600,000,000
Main Functional Features
Locked Niob Pool
Niob Finance delivered proprietary and innovative product which was never before attempted in DeFi space — a Locked Native Token Pool. Besides unlocked NIOB pool, users will have an opportunity to stake their tokens into NIOB pool which 180 days lock-up period. Users still can harvest their staking rewards, however they can unstake initial deposit only after the lock-up period ends. Locked NIOB pool will provide users which higher APYs and at the same time facilitate NIOB token price growth.
Anti-Whale Algorithm
The Anti-Whale Algorithm disallows to transfer more than 0.5% of the total supply. As the total supply grows, this ratio will be reduced or removed. Deposit or withdraw of token from the farms and pools will not be subject to this restriction. This algorithm ensures that whales and institutional investors cannot influence or manipulate the price of the token.
Harvest Lockup
Harvest lockup is a lockup mechanism designed for farming rewards. It is a defense feature limiting the frequency of harvesting to prevent farming arbitrage bots from constant collection of rewards and selling them.
As an example, the harvest lockup of the NIOB-BNB farm is 2 hours. It means that farmers, who stake in the NIOB-BNB farm, can only claim their rewards from farming every 2 hours.
The harvest lockup times, which might differ for various farms, are displayed individually in the “Farms” section.
The harvest lockup holds only staking rewards. The tokens staked in the farms and pools are not affected and can be withdrawn anytime, with exception of NIOB pool, which has a lock up period of 180 days. The NIOB tokens staked into Nion Pool can also be withdrawn after 6-month period, nerveless, users can claim the staking rewards every 2 hours.
Automatic Liquidity
There is a 5% transfer tax on each transaction of NIOB:
Up to 1% of every NIOB transfer is burned immediately
1.4% of which is added to the NIOB liquidity pools automatically through the contract
As project matures, we plan to burn more tokens and allocate less tokens to automatic liquidity.
Automatic Burning
Each NIOB transfer on NiobSwap is a subject of a 5% transfer tax. Up to 1% of every NIOB transfer be burned immediately.
Burn Address: 0x000000000000000000000000000000000000dEaD
Referral Program
Invite your friends to earn additional NIOB referral rewards! Earn rewards from your friends’ NIOB farms and pools staking rewards. If your friends will invite their friends — you will still earn a referral bonus from their staking rewards. Every direct referral by a user provides 1% income on staking rewards claims. Every indirect referral provides an additional 1% income on staking rewards claims. Users can receive these rewards for indirect referrals up to the 3-rd level. Referral rewards are paid in NIOB tokens.
Main Security Features
Because we take the security of user’s assets very seriously, we prepared a few protective measures against the malicious behaviour of certain actors in the crypto scene.
No Migrator Code
The migrator code has been removed from the MasterChef contract, which ensures that developers have no access to the assets staked in the farms and pools.
Timelock
Timelock has been added to the Niob MasterChef contract. A timelock is a smart contract that delays function calls of another smart contract after a predetermined amount of time has passed.
About Niob Finance
NiobSwap is a Decentralized Exchange and Automatic Liquidity Acquisition Yield Farm running currently on Binance Smart Chain. Niob Finance utilizes deflationary token NIOB, which allows token price to increase constantly due to the burn mechanism implemented within the token´s smart contract. Total value locked into Nion Ecosystem will provide a sustainable environment for users to benefit from high APR yield farming. NiobSwap users will have access to easy-to-use best in class proprietory technology, as well as various new tokens through our own AMM.
Useful Links
• Website: https://niob.finance/
• Application: https://niob.app/
• Documentation: https://docs.niob.finance/
• YouTube: UCTciNsPAwWURpD9y8mh_aGA
• Twitter: https://twitter.com/niobfinance
• Medium: https://niobfinance.medium.com/
• Telegram group: https://t.me/joinchat/jrRqOyZKq5oxMTQ6
• Telegram announcments: https://t.me/NiobExchange
NIOB token address: 0x5ac5e6Af46Ef285B3536833E65D245c49b608d9b
