THE GRAND BANKS OF NAR
Ahoy sailors, its been a calm moment at sea in the NAR-universe hasn’t it?
We’re writing to you today with much excitement to announce a new feature coming to you soon that we’ve been hard at work on!
The Narwhalswap team has built this new feature to bring yield farming back to basics. No barrier for entry, no multiple steps to farming — just the simple, easy sailing following the tides of the trade.
How Does This Work?
Simply put, this feature will allow users to select a farming LP fund and simply invest in it. The feature will also provide a portfolio tracker for users to keep track of what they’re currently invested in.
Main Features
- Users will be able to invest into farming LP funds with BNB, BUSD, NAR or GRAND
- When users withdraw from these farming LP funds, they will automatically get their investments back in BNB, BUSD, NAR or GRAND
- Funds will have automatic growth (reinvestments etc.)
- Fund growth will be easy to track with our new system
Tokenomics
We’re airdropping a new token alongside this launch called $GRAND.
- Max supply: 30,000 GRAND
- Token able to be mined by those who invest into the farming LP funds
- Mining of the token supply to be completed within 10 months
- Will be airdropped to NAR-stakers particularly those who are : NAR-BNB liquidity providers, NAR-BTCB Liquidity Providers, staking NAR in the GEM pool and who are NAR-NFT holders
- Platform fees (to be confirmed) will be used for buyback and burns until 10 months of mining have been completed. After which, the fees will be used for buyback — of which 50% will be burned and 50% will distributed to GRAND-BNB liquidity providers
- Cross-chain fees from other chains will be transferred back into BSC and used for buyback in BSC.
Current Status:
- UI design completed
- Smart contract development — testing phase
- Web app development — testing phase
That’s all the updates for now!! We’re really excited to introduce to you all this product as NAR is slowly growing again! We’re always BUIDLING and hoping that all you sailors have enjoyed sailing with us!
More details soon! Trade safe sailors!!!
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