BSC and AMM explained from the Perspective of Rushmars

Enthusiastic minds always wants decentralised system for having a free system at the investment sector. And here is RushMars, a decentralized project based on BSC and AMM to trade tokens among investors. RushMars (RMARS) is the next generation of Automated Market Making (AMM) decentralized exchange with a deflationary governance token model. They are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other features that let you earn tokens. As with the current wave of second-generation yield farms, the aim is to create a perpetual deflation token, the RMARS, with a continual burn mechanism in order to field an environment that can sustain long term gains with consistently high APR for greater earning.

A bit of RushMars (RMARS) Features

Burning Mechanism

In the world of cryptocurrency, "burning" a token means to purposefully take that token out of circulation, often by sending it to a cryptocurrency wallet to which no one has access. Burning large amounts of cryptocurrency tokens can have the effect of increasing the scarcity of that token
RushMars has implemented a perpetual burning mechanism that serves as a mechanism to ensure that APACHE is kept consistently high. In particular:

A 5% tax fee will be charged for every transfer.
The rest 2,5% of the tax fee will be burned immediately.
They are in the process of introducing unique RushMars NFTs as a further means by which RMARS will be burned to keep the value high.
2,5% of the tax fee will send RMARS-BNB liquidity pool through the contract automatically.

RushMars Stats

Total Supply 44,963,720
Circulation Supply 35,252,031
Total Burned 4,118,166
Tax Fee 2.5%
RUSHMARS/Block 100

RushMars has used the Buyback function amazingly. Do you know what is Buyback? It is an important term in the crypto world. Let's introduce the term BuyBack.

BuyBack

A buyback is when a corporation purchases its shares in the stock market. A repurchase reduces the number of shares outstanding, thereby inflating (positive) earnings per share and, often, the value of the stock. Every time this function is called 2% of liquidity is removed and the liquidity is then split into BNB and RUSH. BNB market buys RUSH. The rest ~99% of the RUSH is then burned ~ 1% of RUSH sent to caller of the function to incentivize user spending gas.

How Does The RMARS Token Work?

To take part, Connect your wallet, input the amount of BNB you'd want to purchase, and then click Buy. You can buy again during IRO, with a maximum contribution of 3 BNB per wallet.
After IRO, you may use their IRO contract to withdraw your RMARS tokens. Do not utilize exchange accounts or send BNB to IRO contracts directly. On the webpage, you may see the IRO Countdown.

Softcap: 50 BNB
Max duration: 1 hour
IRO Price : 1BNB = 1000 RMARS
Pancakeswap Listing : 1 BNB = 850 RMARS
Max Cap Per wallet — 3000 RMARS tokens (~3 BNB) No minimum.
Pancake listing date: Immediate after IRO ends. Estimate 6 JUN 13:00 UTC

15% of higher listing for IRO participants. Tokens are locked until the IRO end. Farming starts at block: #8062015 Liquidity locked on RMARS contract for 120 days.

Liquidity Buy and Burn

Retiring repurchased tokens is commonly referred to as a buyback and burn in crypto-speak because tokens are permanently removed from circulation. The act of burning ensures that those specific shares will never be reissued.

• The function becomes available every 6 hours and can be accessed by anyone.
• The function's caller will receive 1% of the Rush as an incentive to spend Gas.

RushMars intends to use the farm deposit fee to replenish the Buyback pool. Pre-sale purchases filled the Buyback pool at launch. And they have done it very carefully as the whole process is conducted in a very sensitive way, so, for your safety Rushmars take all the challenges, you can trust them.

For More:

Website: https://rushmars.finance/
Twitter: https://twitter.com/RushMarsBSC
Telegram: https://t.me/rushmarsofficial
Github: https://github.com/RushMars

Author

Bitcointalk Name: Coinages
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2306609;sa=summary
Telegram: @kaisheralison
Bsc Wallet : 0xe563BEc5178875C48b4c3cb20ECBc50006D909Dd