Vanci Finance: A Decentralized and Frictionless Yield Ecosystem

Staking and Yield Farming is the most common dApp on all DeFi blockchains, including HECO, ETH, and BSC chains. Users still experience bits of problems with these platforms; topmost of these problems include Impermanent Loss (IL) for LP staking and gas fees for projects built on Ethereum blockchain. Vanci Finance solves this problem by integrating a system that eases the earning abilities of its users in a no-loss manner.

By
Wilfred Victor
on
April 22, 2021
Category:
BSC News


About Vanci Finance

Vanci Finance adopts RFI mechanics that reward holders of its tokens in a frictionless distribution approach. Users do not have to expose themselves to losses typical in staking platforms and are rewarded passively in project tokens and Binance Coin (BNB).

The typical reward tokens for most RFI based projects are usually the project’s native token. In Vanci Finance, the approach is different. BNB is distributed every three days to holders of the token to encourage holding. 


Key Features

  • Limited supply NFTs
  • Democratization of Vanci
  • BNB rewards
  • HAWK sentimental analysis tool


Project Components


RFI Mechanics 

Vanci Finance protocol stands out from other DeFi projects adopting the RFI mechanics by including BNB rewards to its holders. The platform is an improved version of the pCATv2.finance protocol which was created to bestow holders attractive and incredible rewards on the ETH blockchain.

Simply Hold Your Vancii

Vanci Finance has been in a development mode since the latest release of pCAT; the platform code was developed based on the pCAT codes to bring users a new and improved version built on the Binance Smart Chain (BSC) network. Users will be rewarded with BNB every three days and further rewards for providing liquidity. The longer you hold VANCI tokens, the higher your BNB rewards; the idea is to mitigate selling pressure on the token.


Governance 

To achieve democratization of the platform, the team has released the Governance tokens that give users the voting rights to decide important platform features and upgrades. The team will prioritize the community voice when considering the platform.


Vanci-G

Vanci-G, the governance token, comes with a selling tax of 5%. Half of this 5% is added back to the liquidity pool. The rest go into the maintenance wallet to keep the project sustainable. The token will act as both the Governance token of the platform and utility for the HAWK sentiment tool.


HAWK Sentiment Tool 

This product aims to know trends before the rest of the world. Get to see analytical data showcasing the sentimental value of any upcoming or existing token to help you make better-informed decisions.

Powered by Artificial Intelligence (AI), the tool will find use cases with every DeFi economy participant. Everyone can benefit by simply looking up keywords to understand the community sentiments and the public view of projects.

Subscription to the tool will be either one of two ways; a monthly subscription or a bid for one of 100 limited supply NFTs. The NFTs provide users with a lifetime subscription while also being a valuable and tradeable asset.


Limited Supply NFTs

As mentioned, Vanci will be not only a DeFi based platform but also an NFT platform which will mint a very limited supply of NFTs that do two things;

  • Give lifetime access to holders to the HAWK sentiment tool
  • Tradeable tokens can be enormously valuable due to the rarity


New Listing

Vanci-G Token on Bilaxy

The Vanci-G token, Governance token, is already listed on Bilaxy Exchange. Bilaxy is a centralized crypto exchange popular for DeFi tokens. Currently, Vanci-G is trading at $40 per token.

Users should take note of the listed token blockchain; Vanci-G is a BEP20 token. Sending/Buying tokens of a different token standard or contract address will result in the loss of funds for investors.


Planned Partnership

Nord Finance

Strategic partnership with Norse.Finance will be announced by the team according to the recently released Medium post. The team is currently approaching more projects with the community’s help to get more investors that positively contribute to the project.


Tokenomics

The platform runs a two token system.

  • Vanci Tokens affords holders RFI benefits, ability to take part in governance token sales.
  • Vanci-G Tokes - voting abilities to the holders for platform governance.


VANCII Tokens

Total Supply: 30,000 VANCII tokens

Presale: 15,000 VANCII tokens 

Airdrop Distribution: 5137 VANCII tokens; the remaining tokens will be added to the liquidity pool.


Token Distribution 



VANCI-G Tokens

Total supply 12000

pre-sale 7000: 58%

liquidity 3000: 25%

CEX liquidity provide 1000: 8%

Treasury fund 500: 4%

Team 500: 4%


Roadmap

April

  • Launch on PancakeSwap (done)
  • Announcement of CEX listing of VANCI-G (done)
  • NFT farming of VANCI-G

May

  • Second CEX announcement listing of VANCII
  • Attachment of physical mining rig in VANCII reward pool
  • Sentimental analysis portal for VANCI-G (HAWK release)

July

  • Fundraising platform in Vanci ecosystem
  • Collaborations and partnerships
  • Extension of Vanci ecosystem

Attachment of a physical mining rig in the VANCII reward pool will introduce another form of revenue to Vanci Protocol. This could prove to be highly rewarding in terms of the token and overall project value. 

Becoming a fundraising platform for other upcoming projects and the extension of the ecosystem are also planned for the future. Vanci believes that cross-chain interoperability and further use-cases will continue to increase the valuation of the project token, improving mass adoption and attraction to the platform.


Concluding Thoughts

Governance protocols give complete democratization of its platform to the people who are the future of the blockchain. Intelligent project teams are already developing towards this direction in the true spirit of the blockchain; after all, a known group doesn’t govern Bitcoin.

The tokens RFI mechanics distributing rewards in BNB make Vanci a unique and innovative protocol. Other project features yet to be implemented and scheduled will bring out all of the characteristics of the Vanci network as a true NFT and DeFi protocol.

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

To learn more about Vanci Finance, check out the following resources and media pages:

Website

Twitter 

Telegram

Medium

Tags:
No items found.
Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.