EnCore is a protocol for liquidity farming with a supply cap. Unlike other farming protocols, tokens are generated on a block-by-block basis, making the value decrease every block. EnCore, inspired by CORE, is a protocol that doesn’t have a generation of new coins. Still, instead stakers are paid with fees that are collected when $ENCORE is transferred between people. This makes it, so the supply does not inflate the value of $ENCORE, ensuring a stable system for investors to farm.
Distribution of $ENCORE
EnCore Distribution will be done via a Liquidity Pool Distribution event. This was chosen to distribute $ENCORE so that once the event is over and people start farming, people who own UNIv2-LP tokens will start farming and start earning on their tokens, with a value. However, after the event, only new UNI-v2-LP tokens can be created, and you will not be able to swap them back for $ENCORE and $ETH.
Encourages buying over selling by nature
$ENCORE is designed to promote investors and holders to buy and hold the coin, instead of selling $ENCORE. The vault/contracts are built to collect fees on every transfer of $ENCORE, sent to the dev and the farming pools. This, along with a finite supply, incentives holders to keep the coin instead of moving it from place to place or selling it, and provides rewards to pool farmers.
Inspired by the CORE protocol, EnCore has a similar model where no new tokens will be created. EVER. Tokens can only be lost and cannot be created. You may be wondering, who is rewarding the farmers? Every transaction that moves $ENCORE from address to addressincurs a fee of 1.1%, of which 0.06% is given to the devs, 0.04% goes to community fund, and the 1% goes to farmers split amongst the different pools. However, UniSwap buying has a 50% fee discount to promote the buying of $ENCORE over selling. This will ensure a stable farming environment that will keep $ENCORE’s value and provide investors with the right place to earn on their locked funds. This, along with blocked liquidity, withdrawals maintain the value of $ENCORE.
$ENCORE is a community project, meaning the holders of $ENCORE. Still, it includes those who don’t hold $ENCORE. Everyone can involve themselves with the project for a say in the future of the EnCore protocol. This means the project will follow the community’s requests, meaning that a new pool will be added if the community votes for a new pool. Community is the core of EnCore, and decisions are made by the community, for the community.
Specs (for all the nerds out there)
Supply (fixed): 10k $ENCORE tokens
Initial Fee Map: 1.1% of transactions(excluding UniSwap buy) => 1% of the Tx goes to ENCORE//ETH LP pool, 0.06% to devs, and 0.04% to the community funds, Uniswap buy: 0.55% => 0.5% to pool, 0.03% to devs, 0.02% to community fund
Contract Addresses and links
$ENCORE token: 0xe0E4839E0c7b2773c58764F9Ec3B9622d01A0428
Transfer fee manager: 0x27F698a038d3cE55117e6cDcE0Fc65700a1ce29e
Staking vault: 0x8fA75B10a6c4Aeb37E48A6a68ba5fbF30658E661
LP event: https://evault.finance/lp
Discord Server: https://discord.gg/dYZDK7h