Decentralized finance has improved the financial industry by eliminating the dependence on intermediaries and their associated costs. It has also widened investment options and reduced the stress of financial transactions that characterize traditional systems.
Moreover, people can trade, hold and stake DeFi tokens to increase their earnings and maximize their wealth.
With numerous DeFi projects out there and many more projects coming up, it’s easier for investors to put their funds to good use. So, if you’re planning to invest in DeFi now, consider the latest token IDO that is already taking place.
The Carrot token team is about to launch it, and this is the time to gather as many tokens as possible with little money.
To learn everything about the Carrot token IDO and how you can add tokens to your portfolio, keep reading.
Introduction to Carrot
Carrot is a decentralized finance token based on the Binance Smart Chain Network. Just like other decentralized projects, the token holders’ take charge of decisions through a community pool.
Another great thing about Carrot is the instant rewards that users get for every buying and selling transaction.
For example, carrot users get 4% cashback in $BNB. Carrot is also secure and safe for auditing to ensure a risk-free investor experience.
Carrot Token IDO
The token IDO has happened, with the Carrot team setting the Soft Cap at 1,000BNB – while the Hard Cap is at 2,000BNB.
Users can utilize the three features, including Auto Liquidity Pool Acquisition, BNB redistribution, and Carrot Redistribution.
Token Distribution
The total quantity of carrot tokens available is 1000,000,000,000,000 pieces. The team distributed 10% of the tokens through the presale phase.
Afterward, 72% of the Carrot tokens will be mined, while the remaining 18% will be moved to burnt address or liquidity pool, airdropped, or for community development.
The carrot team promises great returns for users who stake HARE to mine Carrot. Depending on the number of tokens a user holds, they can mine or even serve as a validator to earn more rewards. If the number of tokens a user has is high, he will get more mining power to generate more tokens.
How Does It Work?
Carrot is a decentralized finance project that is based on a community pool for decisions around its operations. The Carrot token holders can mine and participate in its governance based on the number of tokens they have.
Carrot is a meme coin that users can mine for rewards depending on the investment. Also, users can earn $BNB by holding CARROT to earn in the BNB reward Pool based on their total tokens.
The reward pool is built by adding 4% of every transaction to the smart contract in $BNB. Users can lay claim on the reward pool based on their CARROT in the pool.
Transaction Allocation
Every transaction attracts a 9% tax deduction. This 9% will be split between the Liquidity pool, cashback reward in BNB, and cashback reward in Carrot. While 4% goes into the LP, 4% will be used to offer rewards in BNB, and 1% will be for Carrot rewards.
How To Buy Carrot
To buy Carrot, start by creating a MetaMask Wallet. The wallet supports every BEP20 token and is available for Android and iOS operating systems. Also, you can get the wallet by visiting metamask.io.
To learn more about CARROT, visit the official website. Also, Follow:
Twitter: https://twitter.com/carrot_token
Official website: https://carrottoken.finance/
Audit: https://www.certik.org/projects/carrottoken