Multi chain staking
Here at PharmSwap we have multi chain staking facilities. Users Can stake using Polygon (Matic) or Binance Smart Chain on the PharmSwap platform. Farms and staking pools carry a deposit fee of 4% that fuels liquidity and purchases for buy backs. PharmSwap also has auto burn features in the platform. The native token for this model is PHARM token and it will be made available at launch on Polygon and Binance blockchains. We will introduce high but realistic apy for the early adopters of PharmSwap. As we go through development phases creating more utility for PHARM users will have the opportunity to govern the project. This is just the beginning of our multi chain journey
Cross chain token
The native token on the PharmSwap Dapp is PHARM token. It is a multi chain token that allows users to stake across multiple blockchains in our PharmSwap pools. Our contracts will be active on the blockchains we have confirmed and purchasing of PHARM will be possible on these blockchains either through other exchanges or on the PharmSwap platform at launch. For info on the PharmSwap fair launch please check our article here.
Tokenomics
Polygon ERC20 token- PHARM
Initial supply – 325,000
Deflationary token – 0.3%
Yield Farming and Staking
Farming and staking will be accessible on the selected blockchains via PharmSwap just select your desired chain and start staking your tokens. If you do not have tokens to stake on the blockchain you are on, you can just simply go to the PharmSwap exchange and purchase your choice of crypto’s on your desired blockchain network. 25% of rewards are available every 30 days.
Lottery and games
Here at PharmSwap we will be releasing a series of of lottery based games that will help regulate the supply by buring 30% of each lottery draw. Lottery will also be accessible on each chain
Loans and Vaults
Once the Farms and pools apy decreases we will implement the use of loans and opens up vaults on PharmSwap this will create another use case for the PHARM token.
