DeFi platform Cairo Finance announced the launch of Cairo Cash Machine on December 31, 2023. This new product aims to add a new dimension to the CBANK experience by promising surprising yields.
New Innovative Launches at Cairo Finance
Cairo Finance, an all-in-one DeFi platform, recently announced that, on May 15, 2024, it will launch the revolutionizing Cairo Cash Machine. This remarkable cash flow mechanism currently promises a daily yield of 0.5% on USD deposits exceeding 200. Through its new launch, Cairo Finance aims to bring a fresh wave of value for CBANK holders.
According to Cairo Finance, 70% of related USDT investments are made to acquire CBANK tokens, thus reinforcing the Cairo Bank Vault. The Cairo Cash Machine will aim to unleash substantial buying dynamics, thus empowering investors to dive even deeper into the Cairo Finance ecosystem.
The Cairo Cash Machine will work like a yield cashflow engine, allowing investors to earn up to 0.5% daily on USDT. Thus, when a user deposits USDT tokens, they will start earning daily returns for a maximum of 165% of their deposit amount.
Once launched, the Cairo Cash Machine will be backed by a liquid collateral USDT pool and the Cairo Bank Vault. The USDT pool will keep 30% of deposits, while 55% will be sent to the Cairo Bank Vault, where it will be exchanged to CBANK, the native token of the crypto project. Another 15% will be distributed to referrals.
Concerning the fees implied by the Cairo Cash Machine, they aim to reduce volatility and are used to support the protocol. While there will be no deposit fee, users will have to pay a 10% fee for withdrawals.
When users want to claim the rewards they earned through the Cairo Cash Machine, the USDT pool will fund these claims. If the USDT pool cannot pay the rewards, the Cairo Bank Vault will come into play, selling CBANK tokens to pay users’ rewards.
Sculpting Sustainability with Cairo Finance
Through revolutionary concepts designed to provide a unified solution for all DeFi products, Cairo Finance aims to change the dynamics in the crypto field while also offering investors numerous earning and investing opportunities.
The Cairo Cash Machine will boost Cairo Finance investors, introducing additional buying pressure and benefiting CBANK holders.
Meticulously crafted to be highly user-centered, the CBANK token seamlessly navigates the complex terrain of token economics. Cairo Finance ensures sustainable growth, enhanced liquidity, and a circular token economy.
With a maximum supply of 3,600,000 tokens, CBANK was developed on Binance Smart Chain and offers multiple remarkable benefits for its holders:
- Passive income earned through the Cairo Bank and fees generated by Cairo Finance products;
- Staking pools that can amplify returns;
- Decision-making influence to actively shape the project’s future;
- Access to innovative projects through the Cairo Incubator.
About Cairo Finance
Built by a team of expert developers and blockchain enthusiasts, Cairo Finance is a DeFi project that aims to provide a one-stop solution for all decentralized finance users.
In the ever-evolving landscape of DeFi, Cairo Finance wants to be a transformative force, relying on its comprehensive approach and the prominence of the CBANK token. This way, Cairo Finance will effortlessly become a key player in the DeFi arena.
Cairo Finance plans to transcend the ordinary through a revolutionary concept designed to provide a complex and complete solution for DeFi enthusiasts. At its core stands a deflationary system that encourages users to explore the groundbreaking features of the project.
Get in Touch
To learn more about Cairo Finance, check out its official website and whitepaper, where the project posts constant updates regarding the Cairo Cash Machine and many other products. Join Cairo Finance on X (Twitter), Instagram, YouTube, and Telegram to always be up to date regarding its latest announcements.
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