This is used to fractionalise FriendTech keys to ERC-20 token to improve the liquidity of the keys.
Features:
- Allowed users to mint/burn ERC-20 tokens.
- While user is minting new ERC-20 token, it will helps user to buy FriendTech key at the behind.
- While user is burning the minted ERC-20 token, it will helps user to sell FriendTech key at the same time.
- Allowed users to trade ERC-20 tokens without accessing FriendTech app
- Users can straightaway trade the token on DEX without access the FriendTech app
- It will creates arbitrage opportunity between wrapper token price and FriendTech key price to improve trading volume.
- Allowed users to provide liquidity on DerpDEX or other DEXes
- Allow users to provide liquidity on DEX to earn more incentives while speculating the FriendTech key price.
- Possible allowing users to utilise ERC-20 token feature on other DeFi protocols.
- Added anti-sniping mechanism
- Allow to setup tradable ERC-20 by token owner to prevent sniping once added liquidity to the DEX pool.
- Once enabled trading option, it is not allowed to disable anymore.
- Restricting maximum purchase amount and maximum token amount holding for certain interval by token owner
- Allowed token owner to set ticker information (E.g. Token name and token symbol)
- Allowed users to use zap-to-earn
- Before that, token owner need to provide liquidity and enabled trading.
- User can use single side token to provide liquidity and earn the trading fees.
Setup Instructions
Add Liquidity Instructions
Token Burn Instructions
LP Lock Instructions
Notes:
- The amount of minted ERC-20 token is 100 multiplier of the FriendTech keys (shares).
- If user buy 1 share, then user is minting 100 ERC-20 tokens.
- This is also applicable in token burn function.