[ANN][SiFi]High interest savings through 5% trade fee redistribution mechanics

[Cryptographian]

High interest trade mechanics
SimianFinance (SiFi) is a fairly new, community powered Ethereum token that belongs in the DeFi/ReFi space of tokens. The Ethereum smart contract charges a 5% trading fee on all trades which is then redistributed among its community of holders. This redistribution happens instantly without the holder needing to stake or claim anything. The redistribution system is compounded meaning that if you hold 10% of the total supply, you get 10% of the 5% fee. These dynamics achieve two things: (1) it incentivizes big wallets to hold longer and only sell fee profits which in turn stabilizes the economy by pushing demand upwards, and; (2) it allows smaller wallets to grow bigger over time, and at an increasing rate. Collectively, holding SiFi serves as a high interest community savings account.

How to buy SiFi

• Install an add-on Ethereum (ETH) wallet such as MetaMask in your browser.
• Transfer ETH from an exchange (e.g. Binance) to your MetaMask wallet.
• Add custom token in MetaMask with this address: 0x4afb0aac9b862946837b2444566b8a914d6d0d97
• Go to Uniswap via this link and click 'trade'.
• Connect Uniswap to your MetaMask wallet by clicking the icon on the top left.
• Buy SiFi
• If you get an error message when buying on Uniswap, try a round/even number of SiFi (e.g. 5555 not 5555.3) and increase slippage tolerance to 5% or above.

Roadmap and platform development
Plans for the platform outlined in their roadmap include launching a dashboard on their website with trading possibilities; establishing a fee ecosystem sustaining early holders; establishing a services platform where services (entertainment etc.) can only be paid for with SiFi; and establishing decentralized investment and banking platforms for the community to enjoy. In other words; the token will have extra utility besides only generating income by holding.

The token was launched without ICO or presale. LP tokens were burned. They have established a community burn pool for deflationary mechanics.

SiFi is traded on Uniswap.
5 million total supply.
MC $101k


Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0x2e571b6495a9e0cb52667a89bc7bbf77110c2802
Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0x4afb0aac9b862946837b2444566b8a914d6d0d97
Twitter: https://twitter.com/SimianFinance
Telegram: https://t.me/SimianFinance
Website: https://simian.finance/

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[qwertyup23]

Hi just to give you an update, upon checking the website link that you posted and the corresponding twitter account, it seems that both of those links are not working. The website's IP address cannot be found and the twitter account states that such profile does not exit.

In order to at least provide further details about the project, kindly fix the website and provide all the necessary details on such platform. Also, include a whitepaper and if possible, a photo of your respective team members that worked on the project. Thanks.

[culuuton]

Username @SimianFinance not found. Telegram is also incorrect, you need to update all information channels.

[Miiike]

--snip--

 (2) it allows smaller wallets to grow bigger over time, and at an increasing rate. Collectively, holding SiFi serves as a high interest community savings account.

Aside from the errors in link pointed by two users above, I'd like to know how is this achievable. As the interests is compounded and applies universally to every token holders, someone's wallet will always receive the same percentage of interest, disregarding what he accumulate, because that "growth" he got (in percentage compared to total interest distributed) were also experienced by every other token holders. The numbers of interest he got is percentage-ly the same everytime.

So in a scenario where everybody hold their token (as you state yourself on the earlier part of the paragraph I snipped) the claim of "increasing rate" is misleading.

[TimeTeller]

--snip--

 (2) it allows smaller wallets to grow bigger over time, and at an increasing rate. Collectively, holding SiFi serves as a high interest community savings account.

Aside from the errors in link pointed by two users above, I'd like to know how is this achievable. As the interests is compounded and applies universally to every token holders, someone's wallet will always receive the same percentage of interest, disregarding what he accumulate, because that "growth" he got (in percentage compared to total interest distributed) were also experienced by every other token holders. The numbers of interest he got is percentage-ly the same everytime.

So in a scenario where everybody hold their token (as you state yourself on the earlier part of the paragraph I snipped) the claim of "increasing rate" is misleading.

This will only be true if they can make it in the market.
But based on my impression, this is just another failed project in the making.
Offering good returns without solid foundation? Now, that's scary to touch.
They should fix those errors first and have decent website working before offering any increase of investments here.

[polokvinnz]

Hmm, strange, can't get access to the project website, also twitter account doesn’t exist. Not the best meeting with the project for new users

[Digital_Seung]

Hmm, strange, can't get access to the project website, also twitter account doesn’t exist. Not the best meeting with the project for new users

Yes, me too. Maybe they are not ready yet, but still it should be a notice that they are under construction or something. Hope project team will give us explanation

[Miiike]

Well, everyone, they're not even active for the past week. If they gave excuse of the absence on this forum due to them being actively building their website, then we should have seen it working by now, but neither of the web nor their activity here shows any sign of promising project.