Bitcoin Forum

Reserved

Reserved

Afterburner Engine keeps burning tokens and $ARB keeps going up! I'm Klea, a moderator from the team. I'd be more than happy to help with any questions you might have about Afterburner. Only one way & that's up!

You can sleep without worrying about crashes with Afterburner Finance. Thanks to the Anti-Dump Mechanism, Afterburner offers a safe environment against market volatility and crashes, accumulating your investment safely. 

Some things are very difficult to believe in this space, so antidump is the new attractive word. If it so, tell how is works better and can stand the bear market? I observed that the token is the listed of price chart but not the top charts, why such choice? are they hiding anything from the public? With the antecedent will taking and Defi, How can any Defi convince traders that they will do better than Ethereum and other Defi orojects  in this market?

I've seen several projects that are almost the same as the afterburner project but most of the projects with concepts like auto staking are just hype at the beginning and eventually fade too, will this be different from the others, because we know that for sure they will continue to pay for it? this token holder will cause the price to weaken

Basically, The Anti-Dump Mechanism allows only 1-5% of your balance to daily cash out and prevents sudden crashes from happening. The selling allowance is determined based on the recent buy and sell pressure of the token. Our investors gained 22% in 4 days and if you look at the chart it looks stable and healthy even though this bear market. Rebase rewards come from revenue generated by the protocol's transaction taxes (fees) and other various yield-generating features. We don't hide anything from our investors, everything is written on the whitepaper.

Assure DeFi KYC link> https://www.assuredefi.io/projects/afterburner-finance/

The thing that separates $ARB from the rest is that, our project's main focus is burning tokens; hence it's called Afterburner. Most DeFi 2.0 rebase protocols suffered in the long run as you said. We're on DeFi 3.0 with Afterburner now and our vision is to become a long-term project with great sustainability utilities implemented.

The Afterburner Engine Tax that is collected from token transactions will be accumulated in Afterburner's Reward Pot. The collected amount will depend on the result of the engine's internal performance and it will be sent to the Burning Chamber directly. Check out the "Afterburner Engine" page on our whitepaper to gain an understanding of what I'm talking about. I put the link to the whitepaper below.

Due to the Burning Chamber's respective nature, 15% of the chamber's BUSD holdings will be allocated for its automated buyback mechanism every week.

The Burning Chamber will enforce a self-regulating supply control policy over the protocol and constantly remove some part of the circulating supply in order to keep the protocol stable and perpetually increase the value of the $ARB tokens that remain in circulation, and in the market.

The Burning Chamber will also accumulate further $ARB tokens from another Buyback Mechanism that is being maintained by The ARB Treasury!

The AFTERBURNER Protocol will be backed by two separate buyback mechanisms and The Burning Chamber will burn 2% of its total $ARB holdings daily.

All in all, we're burning most of the tokens we collect from the fees and allocate some of it for future buybacks to back up the protocol. Thus, $ARB stands strong against minor price drops and gains back its value thanks to our innovative utilities.

Check out our whitepaper to get detailed information about our features and $ARB in general: https://vertexbsc.gitbook.io/afterburner-finance/protocol-basics/feel-the-combustion

Check out our Protocol Metrics!

$ARB price keeps going stable. Afterburner's burning mechanism have burned 65% of the tokens that have ever existed already 🔥

The tokens in your wallet increase by 1.28% daily. Just by holding!

Let's see those Diamond Hands 💪🔷

http://prntscr.com/8_pKNorxwEto

I dont support rebase token and have seen a lot of then gone as quickly as they came. I got many questions, though I dont want my coin dumping but I dont like the ability not to sell when I wish, which afterburner does not support selling as wish. Will this principle be on all type of wallet including the exchange wallet, can I also have my gain on my exchange wallet?

I see that but the problem is if this anti dumping mechanism was making investors were not able to selling their money. Is not it too low? it must be around 10% - 20% which were still making sense. This mechanism was good as long as it can be adjusted.
people with small amounts of ARB will be only wasting their fees to sell their token to the market. Hmmmmm... This can't be implemented when it goes to the cex.

The core problem of rebase token projects is sustainability. Tokens are created continuously and distributed as rewards by utilizing a rebase mechanism. Inherently, dragging the protocol to hyperinflation.

Afterburner aims to solve this issue with its innovative features that burn most of the tokens they collect. Thus, keeping the price stable. The Anti-Dump Mechanism seems to be a success already.

Afterburner lets you sell whenever you wish. Only with a daily sell limit, adjusted (1-5%) by the Anti-Dump Mechanism depending on how $ARB is performing. You can see the daily limit percentage in our app's "Protocol Metrics" tab, which is accessible from our website.

The sell limit is adjusted by the Anti-Dump Mechanism from 1% up to 5%

is it too low? I'd like to see the people of Bitcointalk debate over this as the answers will be mostly subjective. We're improving with every step and we believe that community feedback helps a lot in this regard. Anything can change for the better. You can reach out to us with your proposals using this link: https://arb.center/proposal

Here's the support form link if you're facing an issue or want to open a support ticket: https://arb.center/support

On the other hand, getting listed on a CEX as a rebase token is fairly difficult. Forking the project might work better with taxes and everything adjusted accordingly. Maybe creating a stable token, who knows?

Might I ask will there be a bounty campaign for promotion? I could really use a good signature campaign right about now, been a long while since I was able to find a good gem, especially these days!  :(

Our bounty campaign is ongoing right now and you can access it from here to get details: https://bitcointalk.org/index.php?topic=5408128.0

the campaign will be in the third week by tomorrow and the budget at such a time in the bear market is okay if you can hold for long, the only challenge in high interest from hunters. The project has both social media and signature campaign, the number of participant is also not limited and handled by a reputable campaign manager.  Who are the partners the project is planning to work with?

from ATH $19+ now it's down to $3+ there's no daily increase the price is always going down does this project team don't care anymore, I looked at social media too there's been no update lately
This project needs updating and it should be done ASAP

APY was too big. People keep dumping this shite even shitty developers called there was anti dump mechanism for the token which was only letting people to sell 3% daily from their assets. i do know how they wanna leave from the project.
I just try to realize the reality if this project is doing shitty thing to the investors. Investors able to buy with all of their money but they can't sell back which is a non sense thing for now.
so many complaints came to the team.

I am very surprised to see the current price of tokens, I have tokens but can't sell them, investors have also started to leave this project if it is not fixed soon the project will die soon
this is sad

You can sell them all but with very small amounts of limit that will be reset in daily basis. that's around %3 for daily sell. The problem is if the price was going to the bottom and then your money will be also decrease and it's not worthy anymore to trade your token into the stable token or native coin like binance. This is the problem that faced by all of hunters. The developers were just limiting ability to sell the token. They were dumping their own token.

So you mean, the tokens held by the government must hold maybe 1 month so they can sell their tokens completely? if you sell it every day it will be very detrimental because the transaction fee is quite high and does not match the amount that can be sold

There's no accumulation like that. You must sell it everyday. The problem if that will worth with the fees if you wanna sell only small amounts of token. The developers have been trying to fool anyone with it. If you are away from 30 days and it will not be accumulated as per developer said.
That's why if you are having small amounts of tokens and then just forge it. I know that the price was decreasing a lot after bounty already distributed.