Introducing Vapor: The Newest Token In The BLiquid Ecosystem With Passive Yield-Generation and Market Buy Back Mechanisms
We are thrilled to officially announce the second token in our Bliquid ecosystem: Vapor (VAPOR).
There will be a stealth launch within a few days from this announcement. We will launch Vapor through the Jetfuel.finance launchpad.
What Is Vapor?
In short, Vapor is a novel protocol that combines the unique mechanisms of several recently successful DeFi projects:
- Auto liquidity generation ($BLIQ)
- Frictionless yield generation ($RFI; Staking by holding tokens in your wallet)
- Automated buybacks and token burns ($ITS: removing 2% of the liquidity generated by the protocol to buyback $BLIQ and burn $VAPOR).
- Liquidity Treasury to reward LP Providers (Extra rewards for $VAPOR/BNB LP Providers — Farming without staking or using an UI)
How Does $VAPOR Automatically Generate Liquidity?
Similar to BLIQ, whenever someone sends a transaction using the $VAPOR token, 2% of that transaction is sent to the contract. The stored $VAPOR tokens accumulate until they reach a threshold (currently 5,000 $VAPOR).
Once this threshold is reached, half of the stored $VAPOR will be market sold for BNB. The BNB and $VAPOR is then used to create a Pancakeswap LP token. The LP token is then stored inside of the contract where it is secure and can never be transferred out.
Over time, the liquidity stored inside of the contract grows bigger, which creates a price-floor for $VAPOR. Since this step is a high-gas transaction, whoever initiates this transaction is automatically rewarded with 200 $VAPOR.
How Does The VAPOR Passive Yield-Generation Mechanism Work?
In addition to a 2% fee that goes towards building liquidity, $VAPOR also has a 1% transactional fee that gets distributed to all $VAPOR holders.
These tokens are transferred instantly, so there is no need for staking in a vault or pool which can sometimes be risky and costly.
The amount of tokens you get as rewards depends on your share of $VAPOR holdings (the more $VAPOR you hold, the more rewards you get).
How Does Vapor’s Buy Back Function Work?
The Vaporize feature can be called once an hour by anyone holding at least 1,000 $VAPOR tokens.
When Vaporize is called…
- The protocol automatically removes 2% of the liquidity locked inside the contract, which is broken down into $BNB and $VAPOR
- The $BNB is then used to market-buy $BLIQ
- 95% of the $VAPOR is then burned
- 5% of the remaining $VAPOR is sent to the function caller as rewards since it’s a high-gas function
- The bought $BLIQ is locked inside the contract forever (effectively burned)
The goal of the Vaporize feature is to create buy pressure on the BLIQ-BNB pair to support the Ecosystem.
How Does The Liquidity Treasury Work to reward VAPOR/BNB LP Providers?
The $VAPOR Liquidity Treasury is a contract created at token deployment that holds 500,000 VAPOR tokens (5% of the starting supply). These tokens collect passive yields (interest) just like any other wallet.
These interest tokens are automatically sent to the liquidity pool as an extra incentive for liquidity providers (in this case $VAPOR/BNB Pancakeswap LP).
This means there are 3 incentives for you to provide liquidity to the VAPOR/BNB liquidity pool:
- Passive yields from holding $VAPOR
- Liquidity treasury rewards (Hold $VAPOR/BNB LP and earn more $VAPOR)
- Standard Pancakeswap 0.2% fees
Jetfuel.Finance Launchpad
Launching $VAPOR through the Jetfuel.Finance Launchpad is beneficial to both projects in terms of marketing and yield generation. Some events which are about to take place:
- $VAPOR/BNB LP pool earning $FUEL (with a boosted APY);
- Staking pool for $JETS holders earning $VAPOR;
- Shared marketing regarding the launch of the pools;
- Setting additional pools to create more arbitration opportunities to boost the yield of $VAPOR holders;
- And more to be announced
VAPOR Tokenomics
- Total starting supply: 10,000,000 $VAPOR
- Liquidity Treasury (additional rewards for LPs): 5% (Note: These treasury tokens can never be moved or transferred so they are essentially out of circulation. The purpose of this treasury is to generate interest which will serve as rewards for liquidity providers)
- Treasury (for partnerships and growth): 5%
- Marketing: 7.5%
- Team: 2.5%: (Locked for 4 weeks)
- Starting Liquidity: 8,000,000 VAPOR / 250 BNB
- Initial Marketcap: $11,000
