Every SmartDeFi token is fully backed by its base asset, guaranteeing the tokens’ baseline value is secured from suffering loss. Base assets are what assets the tokens are traded against (for example, fBNB/fETH). A set percentage of every BUY/SELL is given to the asset-backing pool. This asset-backing pool is secured inside the SmartDeFi tokens’ smart contract. This results in a perpetual increase of the SmartDeFi tokens’ baseline value. The asset-backing can be recovered instantly by burning SmartDeFi tokens for their share of asset-backing. This guarantees that every SmartDeFi token will always have value, regardless of the market price. The baseline value will always increase with every BUY/SELL, resulting in the formation of a baseline value that can never decrease. (Seriously.) The baseline value of every SmartDeFi token can never go down—it can only go up! Since all SmartDeFi tokens are based on fWrap technology, their market price even rises when there is zero (0) volume. SmartDeFi "DeFi"es the laws of physics, when any tokens are sold the baseline value goes up instead of down. SmartDeFi also helps to eliminate pump-and-dump schemes. With the baseline value being transparent, buyers know what the risk ratios are even before trading. Since you can accurately determine the tokens’ future baseline value via the trading volume, we can finally answer the question "wen moon.”If the market price ever drops below the baseline value, you can arbitrage the burn for asset-backing, which will keep the market price in line with the baseline value. All holders will have 100% comfort in holding SmartDeFi tokens since the baseline value will never lower—even if the market price drops to zero (0)! As a result, SmartDeFi tokens are not only unruggable but also are 100% backed by assets that guarantee their value. When SmartDeFi tokens burn for their backed asset, it creates a “black hole” that burns more and more tokens automatically and effortlessly over time. Burnt tokens forward their backing to remaining tokens, increasing the backing per token faster.
How does the asset-backing work?
The asset backing per token will only increase - it can never decrease!
All buys and sells fund the asset-backing pool directly inside the token contract. This backing can only be removed by burning your SmartDeFi token.
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