Until now modern approach of well known yield farms stood on entry fees, buys back, burns, lotteries and other mechanisms to improve tokenomics viability. Yet is seems to be not enough for most of the farms to remain sustainable.
Evolution project is the first to introduce elastic emission of token per block making the next step in the yield farming industry. It adds powerful layer to tokenomics and strengthens sustainability of the farm. Emission is tied up to the price of the token — it speeds up when the price goes up and slows down when it drops. Such correlation will significantly improve stability of the farm.
And that’s not it. Can you imagine being part of the project’s team given you’ve been chosen? Upcoming NFT sale would make you ahead of the community and that’s something we will unveil after the pre-sale taking its place on the 9th of April 10am UTC.
Following modern security measures Evolution has removed migrator code and implemented 24-hour time lock on the contract.
Get ready to start your evolution from Neanderthal man to a man of the future — boost your APR by burning NFTs or fuse them into more powerful ones and participate in daily evolution process to get chance to evolve and get ahead of others.
NFTs of different levels can be found in Loot boxes. Here are the chances to get each level:
• lvl — 66%
• lvl — 15%
• lvl — 9%
• lvl — 6%
• lvl — 3%
• lvl — 0.9%
• lvl — 0.01%
To save on transaction fees we recommend opening loot box with 20 NFTs in it.
Ones you get your NFTs you have a variety of ways to use it. For starters you can get Burn Bonus Time that will boost your APR by 50% by burning one or all of them at once. Amount of bonus time will be calculated according to the level and amount of NFTs you submit for burning:
• lvl — 1 hour
• lvl — 2 hours
• lvl — 5 hours
• lvl — 11 hours
• lvl — 24 hours
• lvl — 50 hours
• lvl — 120 hours
With one of your NFTs you can join daily Evolution — process when your character (submitted NFT) can evolve to the next higher level. Here’s how your character boosts all your farms and pools based on his level of evolution:
• lvl — 2%
• lvl — 5%
• lvl — 9%
• lvl — 14%
• lvl — 20%
• lvl — 27%
• lvl — 35%
Daily Evolution is one of the many deflationary mechanics and deserves its own article. Yet take a quick glimpse at it:
Classic yield farming projects have fixed reward per block count — amount of tokens minted per block. In other words reward emission is constant and doesn’t adapt to demand/supply correlation.
Evolution’s emission of reward per block is tied up to the price of the token — it speeds up when the price goes up and slows down when it drops.
When price stays in bounds of $10 to $100 farm will emit 1 GEN token per block.
When price drops below $10/GEN, emission of reward per block will drop proportionally. For example at $5/GEN emission will slow down to 0.5 GEN/block, at $2/GEN emission will be 0.2 GEN/block and so on.
When price soars above $100/GEN, for example to $120 or $250— emission speeds up to 1.2 or 2.5 GEN/block correspondingly.
It’s as simple as that yet it protects community from abrupt price volatility.
Evolution selects best traits and mixes it together with new mutations and so does Evolution when it comes to tokenomics.
To significantly slow down if not reverse natural course of token price movement Evolution introduces elastic coin per block emission and sets new standard in the industry. This mechanism by itself has enough power to guard equilibrium.
Apart from that other forces will also aim to sustain the balance.
Fees from farms (4%) will be used for
• buyback 80%
• project promotion and development 20%
Opening loot boxes, trading NFTs and Evolution will burn GEN token
Funds from pre-sale will form initial liquidity pool and driving force for project promotion and development (50/50)
Combining proven approach with evolutionary elastic emission mechanics and packed road map Evolution team aims to become yield farm platform number 1.
