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Salary Token Listed On PancakeSwap
Hessen, Germany–(Newsfile Corp. – December 2, 2021) –
Figure 1: Salary Token Listed On PancakeSwap
And that’s where the ‘Salary‘ token comes in – a DeFi based, deflationary-designed, hard-cap asset that rewards its users/hodlers via USDT. Salary is a token on the Binance Smart Chain.
The Reward System
To benefit from the reward system, all one must do is enable both the Salary Token as well as BSC-based USDT in their wallet, hold a minimum amount of SLR tokens, and simply wait. As transactions are processed (buys/sells) through the Salary token smart contract, rewards are automatically distributed to holders proportionate to the total number of tokens held in their wallet.
These rewards come from a fee or “tax” (24%) that is imposed on each transaction. A small percentage of the 24% tax (4%) is reserved for Marketing (more on this in a minute) and other expenses. The rest (20%) is redistributed as described above. With its 20% reward structure, Salary cleverly positioned itself as the highest paying, ‘frictionless yield-generating asset’ in the DeFi space.
While other projects tend to pay rewards in their native token, Salary offers more freedom to its community by paying them in USDT. Many holders may elect to “roll” their USDT rewards back into Salary to further compound their reward payouts (think Dividend Reinvestment Plan or ‘DRIP’). Others may utilize the payouts to invest in other projects, offset the initial cost of their initial investment, pay bills, etc. In practice, Salary provides its holders with a (you guessed it!) salary.
Tokenomics
As far as the available supply is concerned, a scarce 1,000,000 tokens were minted, of which 137,000 have already been burned, with plans for even more tokens to be burned as the token’s price matures and milestones are achieved.
All tokens are currently in circulation – liquidity pools have been locked until 2024 to calm potential investors, the chain has completed an Audit, and the team is actively in the process of fully doxxing themselves to further bolster confidence in their project.
New Products/Services
The rewards system is just the beginning. The key to Salary’s plan is in developing new products/services that will drive on-chain activity. Increasing volume on-chain is the key to Salary’s volume-based reward system. In the coming months, Salary’s developers will be hyper focused on building a complex ecosystem with this end goal in the forefront of their minds.
One of these projects involves the creation of a revolutionary ‘Salary Debit Card’, which aims to to offer its users with the ability to frictionlessly spend their crypto assets at fiat-based institutions that do not accept cryptocurrency.
Salary’s tag line reads, “To bridge the Crypto world with traditional finance.” Salary’s powerful Marketing budget and team have been working tirelessly, forging key partnerships with influencers, fostering a positive and engaged community across all Socials, and frequently hosting AMA’s to stretch their influence and instill confidence.
Their efforts have not gone unnoticed or unrewarded, with the price of a single Salary token reaching an all-time high of $9.74 on 11/25/21, a mere 4 days after launching at a price of only $0.60 per token. This price action represents a 1,600% price increase.
Salary is currently available on PancakeSwap and 1-Inch.
Social Media Handles:
Twitter: https://twitter.com/crypto_salary
Telegram: https://t.me/SalaryEN
Medium: https://medium.com/@CryptoSalary
Github: https://github.com/SalaryOfficial
Reddit: https://www.reddit.com/r/CryptoSalary/
Media contact:
Company: Crypto Salary
Email: [email protected]
Website: https://cryptosalary.net
Disclaimer: Information or any fact found on above content is those of writers and company quoted. It does not represent the opinions of this site on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106176
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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