/biz/ - Business & Finance

What is the Toad Network?
>The Toad Network is much more than a simple farming project, we are creating a new era of yield farming. At Toad you're not only going to be able to farm Toad, but also Toad-Bnb LP tokens. By doing that we are not only decentralizing the liquidity but also making the project rug pull proof. As all the liquidity from the team is going straight to a farming pool and from there to the hands of holders.

What is LP token farming and how is this project rug pull proof?
>LP tokens farming is a new and experimental concept that we came up with, the goal of which is to decentralize the liquidity. In most projects, the team holds a large amount of liquidity and promise to lock it for a certain period. At Toad we are going to give back all of our LP tokens to the community, allowing people to farm them. This also makes the project rug pull proof, as all of the LP tokens from the team are going to a farming pool that is going to drip slowly for those who are staking their tokens.

What prevents people from farming the LP tokens and removing the liquidity?
>Our LP farming contract will charge a 10% fee on deposits and withdraws. At first, this seems like a lot, but users will be able to break even pretty quickly. By charging a fee to get in and out (that goes right back to the div pool), we ensure that the div pool never will run out. Users who keep their liquidity locked in the contract the longest are the ones who are going to get the most rewards. For example, if users start to remove their tokens from the contract, the div pool will get bigger, making it more attractive for people to stake LP tokens, ensuring that TOAD will always have enough liquidity.

also digits confirm
>>29922777

Since you went to the trouble of shilling it in the PEPE thread in a civil manner, I'll entertain you a little. I suppose liquidity is locked? What tells me I'm safe entering now?

Bump

>>29951987
Pretty much all of the liquidity is here (check link). There is a 10% fee on deposit/withdrawal of LP tokens, read here >>29950561 . The max supply is 200k with no minting function, it's an entirely new farming concept that isn't just an EGG copy. It gives incentives to staking your LP tokens / liquidity and not pulling it out, and if people pull out liquidity, they just add more to the pool for others. The LP pools just launched earlier today, and the normal pools will be launching in under 5 hours.

https://toad.network/lpfarming.html

This is the contract that issues them. (Toad LP Farm)

https://bscscan.com/address/0x14cced5467fe74d393456599eabd50b0649d6a2f

>>29950551
Do people make farming token just for the sake of farming?
Where the functionality, why would i buy this?

What’s the argument for this protocol. I hear what your saying, but where’s the proof for this.

The “about me” is sketchy, talks about fapping etc.

>>29952373
A lot of the farming tokens are made just for the sake of farming yes, and/or just a copy of EGG with different logo/name. This is actually the first new farming concept and pretty much no one outside of biz knows about it yet. The project / pools are just launching today. It's also very different because all of the other farm projects are inflationary and mint tokens every block, this one doesn't. I stay away from most of the farm tokens but I am actually pretty fucking bullish on this one. Presale was 1.20$ and price is still just over that.

>>29952456
You can check out the contract yourself I will link it here. The LP pool is already live on the website. You can also go ask about any specifics or anything else in the TG. I had the same thoughts on the about me but assume that might change with time if people bring it up to him. Project seems legit outside of that and it's the first farm concept that I actually like.

https://bscscan.com/address/0x14cced5467fe74d393456599eabd50b0649d6a2f#readContract

>>29952305
>10% entry fee
I know we're on BSC but this will scare away a lot of people, I believe. Thank you nonetheless for taking the time to post this here, it costs nothing to have a look around. Thank you, anon

I'm staking a small amount in the LP pool. It lets you compound the farmed amount back into the staking.

>>29952650
based. yeah I haven't been interested in any farm projects because they were literally all just fucking copying EGG, actually pretty excited about this one.