- When you enter the BANK, theyl exchange your SING for An Eternal Bank Point. From there the SING will be burnt 100% and removed from circulation. Now you will continue to receive rewards with just one deposit including tokens from strategic partners which will be distributed through this improved BANK system.
Imagine, you’ll be able to earn AVAX, JOE, PNG, PEFI, BTC, etc without hopping around several pools comparing the APRs and paying taxes. Just burn at the melting pot and get them all with just one click! - They keeping the original reward feature which generates USDC or a USD equivalent but is moving to a monthly dividend timeframe. Remember you can still claim at any time. This will help to build up much more lucrative payouts and yields to encourage more burning.
- They adding a Compound button that will exchange all earned USD/tokens into SING and then back into the “Melting pot” without the tax! Wait, not only tax is exempted but you’ll also get a 5% bonus on compounding. And….that’s not all!
- 2% of accumulated stable coins will be set aside into a new BANK Lottery Pot. So for example, if $100 USDT is accumulated in the bank, $2 USDT will be set aside into BANK Lottery Pot. When a user engages the compound function, and if the compounded amount exceeds a certain amount of SING, a Lottery Ticket will be given to the user. A winner will be picked every week automatically.
- Finally, we’re adding a function that allows you to harvest all tokens and USDT from the BANK in one claim. Simple and easy.
They believe this new BANK offers tons of incentives and value to new and old users. Our old BANK will be retired in the near future and you’ll need to move your funds to take advantage of these features. To compensate the cost of migration (Even staked users already got a huge amount of USDT, not to mention :D), add a $SING reward for the first 2 weeks and a HUGE reward of initial gift packages will be distributed! Wait for further announcement. Launching will be ready in 1~2 weeks.
Since a lot of you are asking about their use-cases of the $SING token. They believe the best use-case of any token is to generate profit. No one collects tokens to ‘buy stuff’. Making money is why everyone is here for! This is why they are introducing the “Melting Pot” for everyone to make money like a pension.
About Singular.Farm
Singular.Farm is the fastest growing multi-chain strategic yield farm which currently operates on Polygon (MATIC), Binance Smart Chain (BSC) and Avalanche.
