Latest ICO News: Astake Finance

Launches DeFi’s First Auto-Staking Fixed APY 614,917.56%

DeFi has caused a stir amongst the savviest of investors, with most agreeing that it has offered up some of the richest opportunities in a revolution of sorts and that cryptocurrency has made more millionaires over the past decade than ever seen before.

By far DeFi is showing favor to becoming the easiest and agreed upon way to make your money work for you in an environment where cryptocurrency holders can lock or stake their tokens and receive high interest rates that most thoughts were unachievable. The tools that DeFi companies use to create these high returns are financial algorithms and token staking strategies called protocols which are made up of Smart-Contracts.

Defi 1.0 introduced several versions of these protocols that have attracted billions of dollars in capital, and have subsequently built many of crypto’s top performing brands. DeFi 2.0 protocols promise token holders greater levels of simplicity and safety, and increased fixed returns from staking.

The developers of Astake have introduced the Astake Auto Staking Protocol (AAP), a DeFi 2.0 protocol that provides a decentralized financial asset, which rewards users with a sustainable fixed compound interest model through the use of its unique proprietary protocol.

Astake Autostaking Protocol (AAP) — Highest Fixed APY

AAP provides token holders simplicity, security, and a consistent fixed high yield return of 614,917.56% APY from their staking. It is used in the $ASTAKE token, providing it with these industry benefits:

Low Risk –Insurance Fund (AIF)

3% of all trading fees are stored in the ASTAKE Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.

The Treasury

The Treasury plays a very important role in Astake’s AAP protocol. It provides three extremely critical functions for the growth and sustainability of ASTAKE.

The treasury functions as additional financial support for the AIF. This additional support can become important in the event of an extreme price drop of the $ASTAKE token or an unforeseen black-swan event. It helps to establish a floor value for the $ASTAKE token. 1–3% of all trading fees are stored in the Treasury.

The treasury may also be used to fund new ASTAKE products, services, and projects that will expand and provide more value to the ASTAKE community as well as providing funding for marketing.

Astake Auto-Liquidity Engine (AALE)

Every 24 hours our Astake Auto-Liquidity Engine (AALE) will inject automatic liquidity into the market. On each buy or sell order there is a 3% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol’s smart contract is the mechanism that smartly takes 50% of the amount of ASTAKE stored in the wallet, and will automatically buy BNB at the current market price.

The remaining 50% of ASTAKE in the Auto-LP wallet will be used for the ASTAKE side of liquidity, therefore giving an equal 50/50 weighting of ASTAKE/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool.

The AALE will do this every 24 hours by adding more and more liquidity to the pool which will allow $ASTAKE token holders to easily sell their tokens at any time with little to no market slippage. It will also aid in maintaining protocol stability to make sure the APY is upheld for the entire life of Astake.

Fire Pit: Auto Token Burn

One of the exciting features of the ASTAKE Protocol is an automatic token burn system named “The Fire Pit”, which prevents circulating supply from getting out of hand and becoming unmanageable. The Fire Pit burns 1% out of all $ASTAKE Token market sales.

Staking — Easy and Safe

The ASTAKE token always stays in your wallet; it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is BUY & HOLD as you automatically receive rewards in your own wallet so there are no more complicated staking processes at all.

Rapid Interest Payment

The ASTAKE Protocol pays every ASTAKE Token holder each and every 10 minutes or 144 times each day, making it the fastest auto-compounding protocol in crypto.

Vision & Mission

Our mission and vision is to revolutionize the reward generation mechanism with our very first and unique protocol that has advanced profit making. ASTAKE Finance is equipped with innovative technologies and features that other forks lack. We aim to provide auto staking and reward multiplication protocol in the crypto space. The ASTAKE’s the future of the traditional staking system.

Tokenomics Astake

Initial Supply — 300,000

Max Supply — 3,000,000,000

Available to Purchase on PinkSale Pre-Launch — 182,104 $ASTAKE

Tokens for Liquidity — 83,570 $ASTAKE

Token Breakdown — 90,535 will be used for PancakeSwap to match 51% liquidity and remaining 34,326 will be used for marketing inc:

Bounty Campaign (25,000), Airdrop (5000), Community Giveaways (4,326).

Roadmap

Website Development

Whitepaper Documentation

Build Phase — Smart Contract

Build Phase — dApp V1 Dashboard

Deployment Phase — Smart Contract — Testnet

Solidity Finance Audit

Deployment Phase — Smart Contract Deployment — Mainnet

Deployment Phase — dApp V1 Dashboard

Initiate and Promote Discord Community

PR Marketing

Bounty Campaign

Pre-Launch Marketing

Fair Launch on PinkSale

PinkLock Liquidity Locked 15 years

Twitter Marketing Campaign

YouTube Marketing Campaign

CoinMarketCap Listing

Certik Application

Certik Listing

Certik KYC

Certik Audit

CoinGecko Listing

DappRadar Listing

Airdrop Campaign

SEO

Build Phase — dApp V2 Dashboard

Deployment Phase — dApp V2 Dashboard

On Ramp Integration

Cross-Chain Integration

Partnerships

Development Mobile Application iOS and Android

Launch Alpha Version Mobile Application iOS and Android

DAO

Merchandising

NFT Collections

About Us

Astake provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of it’s unique $ASTAKE.

Astake delivers the industry’s highest fixed APY, paid every 10 minutes, and a simple buy-hold-earn system that grows your $ASTAKE portfolio in your wallet at a lightning fast pace.