Multi chain staking updated..
Here at PharmSwap we have updated our multi chain staking facilities. Development in integrating (Kcc) Kucoin community chain has begun. Users will now be able to use PharmSwap staking facilities on kucoin kcc blockchain. The PharmSwap contracts deployment on Polygon (Matic) have been successful with Binance Smart Chain deployment coming inline with launch day of the platform. The native token is PHARM, it will be made available on PharmSwap, QuickSwap for Polygon users and pancake swap for binance users. kucoin kcc blockchain access will also go live on PharmSwap moments after the launch. We will have high yielding apy Staking 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.
Binance smart chain
Kucoin community chain
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.
20% of your accumulated rewards are available every 5 days. This adds many benefits to the project as it increases the tokens value significantly and gives the token more durability and sustainability. It also prevents whales from draining liquidity and encourages users to stay and stake
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.