The blockchain revolution is slowly taking shape as more time passes. Right from the start, Ethereum created аn improvement оn Bitcoin basing it on smart contract creation. Currently, there has been a DeFi, yield farming, and NTFs boom over the past year. Many platforms, accommodating this technology, have sprung to accommodate the new era. Mozart Finance is among these platforms.
So, precisely what is Mozart Finance? The platform was created аѕ а fork frоm Goose Finance which mаkеѕ it a unique DeFi project running оn Binance Smart Chain (BSC) wіth lots оf оthеr features thаt lеt уоu earn аnd gain tokens thrоugh іtѕ ecosystem. Being a new platform is slowly introducing more and more features, following its roadmap. Here’s what you should know about the platform:
Mozart Finance Token
To protect the network over the long term, Mozart has an exclusive BEP-20 native token called PIANO. The primary payment currency is this token, and it serves as a foundation for certain liquidity pools. However, other pairs of other properties will be available. Also, investors can stake the PIANO tokens and get rewards.
Due to the policies created, the price of the PIANO token is stable and deflationary. By using a few of these elements, you can accomplish the deflationary function. First, 1 percent of any transaction gets perpetually burned by the platform. The burning helps to ensure a balanced number of tokens.
The paid deposit fee also contributes to the deflation of the token. Users repurchase the PIANO tokens for 50% of these payment costs.
Between the first and third week, the platform has intentions to reduce emission rates. The emission rate will, however, remain permanently at 0.25 PIANO per block after the third week.
PIANO Presale Tokenomics
Mozart has developed a tremendous economic token system to ensure public access to the token and retain the network’s stability. The original supply of these tokens is 9.6 million, but 100,000 PIANO is the mined tokens.
These tokens will be used to start the pre-selling process. Here is how the tokens are distributed; the public presale sells 55% of the tokens (55,000), 40% of the tokens (40,000) are locked in liquidity, and the last 5,000 tokens (5%) go to ads and websites advertising.
27.5 PIANO tokens are the same as 1 BNB. At 22,000 PIANO, which is 800 BNB, Mozart finance has set the soft limit. The tough cap is 55,000 PIANO, equivalent to 2000BNB.
Each wallet could buy at least 0.2BNB and at most 20BNB of PIANO at the presale. The platform managed to surpass its presale pace in five minutes and hit its hard 2000BNB limit. The big prospects of the token and the network are already evident to investors.
Yield Farming and Staking
Mozart Finance’s key feature is its protocols for farming yields. The developers have confirmed that the platform will offer many pools to offer investors the highest APR levels. Yield Farming is a better choice for trade because intensive research is not necessary. You lock your funds into a YF pool and collect a payout depending on your turnout.
Though not previously available, the staking feature has just been added to the platform’s features list, a tick to its roadmap.
How to participate in farms to earn high yield rewards;
- Select a token pair:The first step is to actually choose the token pair you wish to use. It takes only a few seconds for the SWAP phase. You need to add liquidity for both and be mindful that $100 into each farm pair must be divided between 50 and 50 pairs.
- Add liquidity: Then the next move before you can enter the farm pertains liquidity. You can add liquidity to the system by converting BUSD and BNB into BUSD-BNB LP tokens.
- Stake: LP tokens in your wallet should appear after that. You will now be able to stake LP tokens to either of the farm pairs. To withdraw LP tokens, repeat the same process backward.
As earlier mentioned, Mozart is working on scaling blockchain technology and this includes NTFs. NFTs are already a hot commodity on the market that sells for millions of dollars. In its deflationary climate, Mozart Finance aims to help the emerging sector. Users may use Mozart Finance to exchange, collect and build NFTs.
What Makes Mozart Finance Stand Out
The key benefit to users of Mozart Finance is the deflationary mechanisms that contribute to overall platform stability. Mozart Finance is hoping to improve its network durability through a combination of various token-burning mechanisms.
1% of any transaction is burned. The network also carries out weekly spontaneous burns under current market conditions. The burn strategy allows Mozart’s developers to keep full control of the native token value of the platform PIANO.
Mozart Finance’s high APRs are worth the hype. The developers boast that these prices would go beyond the existing industry levels. Mozart Finance aims to deliver a lucrative alternative to the DeFi group when paired with the deflationary strategies the platform intends to use.
The lower transaction cost of Mozart Finance should spike your interest as an investor. Since the network relies on the BSC and not Ether, the gas fees, unlike other popular DeFi platforms, do not go down to a ridiculously high level. As of late, investors have pursued out alternatives in the market to avoid these increasing gas fees.
Recently, Mozart Finance announced plans to carry out several code audits. The developers had already entered into a deal for their first audit with ImmuneBytes before presale began; the platform promised to perform further audits.
No Rug Pulls
In line with the developer’s desire to offer the DeFi community a more transparent return farming alternative, the platform includes certain consumer protection measures. Most notably, since the completion of the network’s presale, its liquidity has been locked for eight months.
Join The Mozart Finance Community Today
Mozart Finance presents itself as a Generational Blockchain Defi Project aimed at bеttеr existing оnеѕ wіth іtѕ initiatives. Thе project developer іѕ vеrу resilient іn making a platform whісh incorporates аll major applications оf DeFi lіkе yield farming, lotteries, and NFTs. We expect that the platform will go big as time goes on.
The democracy DeFi protocols offer users is becoming a popular concept, and Mozart Finance is making the most of it. Mozart Finance users have a say in new developments in the ecosystem. Even better, all PIANO holders will have governance rights on the platform.
As the platform transcends to greater heights, the Binance Smart Chain is also getting a lot of attention from crypto enthusiasts. Take the step and explore the options Mozart Finance is offering its community today!