This is used to fractionalise FriendTech keys to ERC-20 token to improve the liquidity of the keys.

Features:

  1. Allowed users to mint/burn ERC-20 tokens.
    1. While user is minting new ERC-20 token, it will helps user to buy FriendTech key at the behind.
    2. While user is burning the minted ERC-20 token, it will helps user to sell FriendTech key at the same time.
  2. Allowed users to trade ERC-20 tokens without accessing FriendTech app
    1. Users can straightaway trade the token on DEX without access the FriendTech app
    2. It will creates arbitrage opportunity between wrapper token price and FriendTech key price to improve trading volume.
  3. Allowed users to provide liquidity on DerpDEX or other DEXes
    1. Allow users to provide liquidity on DEX to earn more incentives while speculating the FriendTech key price.
    2. Possible allowing users to utilise ERC-20 token feature on other DeFi protocols.
  4. Added anti-sniping mechanism
    1. Allow to setup tradable ERC-20 by token owner to prevent sniping once added liquidity to the DEX pool.
      1. Once enabled trading option, it is not allowed to disable anymore.
    2. Restricting maximum purchase amount and maximum token amount holding for certain interval by token owner
  5. Allowed token owner to set ticker information (E.g. Token name and token symbol)
  6. Allowed users to use zap-to-earn
    1. Before that, token owner need to provide liquidity and enabled trading.
    2. 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:

  1. The amount of minted ERC-20 token is 100 multiplier of the FriendTech keys (shares).
    1. If user buy 1 share, then user is minting 100 ERC-20 tokens.
    2. This is also applicable in token burn function.