Welcome to 2021, where cryptocurrency mania is at an all time high and DeFi is the hottest topic. The idea of being able to use your digital assets in numerous ways to ultimately increase your position in this ever so changing space is an exciting concept. A concept that the development team over at Retro DeFi, decided it was up for a evolution.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
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About Retro DeFi
Retro DeFi is an all in one shop when it comes to DeFi. Running on the Binance Smart Chain network ($BNB) and cranking that 80’s Retro Tech theme at around 1.21 gigawatts , Retro DeFi will be front and center in its very own ecosystem. Incorporating trusted DeFi methods and by also launching various new use cases for our very own token; R-Cube.
This is R-Cube, A Sustainable Deflationary Re-base Protocol
Lets now get to know a little more about Retro DeFi’s official token. R-CUBE will combine the best deflationary and dynamic supply mechanisms to date which ensures constant rewards to all holders.
The R-CUBE runs on cycles which are divided in 2 phases. The deflationary and the rebase. Rebase activates when 2,500,000 R-CUBE Tokens are transacted; bought or sold. Which then in turn, begins a new cycle.
The way it works is that R-CUBE applies a dynamic burn rate to every buy and sell order transacted (2.5%-6.5%). The burn rate increases every 500,000 R-CUBES transacted. When the amount of total burned tokens reaches the target (2,500,000 transacted), R-CUBE will trigger a positive rebase, re-distributing 25% of the burnt tokens from the ending cycle to token holders.
The R-CUBE protocol will go through a total of 192 Cycles which at the end of the 192nd cycle there will only remain 8,800,000 total supply.