Introduction
The Scarce DeFi platform is an enterprising blockchain-based project becoming known in recent times. With the increased need for more reliable and efficient systems in financial establishments to ensure the smooth operation of processes and activities, decentralized finance platforms powered by blockchain technology have taken the center stage. As an emerging finance platform in the blockchain industry, Scarce DeFi founders employed experienced and experts with a vast knowledge of financial services to develop their network. Through their diligence and expertise, they were able to create a network that adopts an excellent algorithm that oversees the protocols within the system. This also avails Scarcity DeFi project to own amazing features, which distinguishes it from competitive platforms within the market.
One primary feature that this network is confident will attract the interest of investors and the public is openness and transparency. Scarcity DeFi does not segregate the benefits on the network to selected persons within the network. Irrespective of assets, owned users will be afforded the leverage of accessing all options and services on the platform. Another remarkable and notable characteristic of this system is that is community-focused. Members of the community govern and control key areas and sections of the project, and this allows all to contribute, participate, and interact on the platform.
We have listed some unique features possessed by this incredible and user-friendly network, which users who sign up on the network. They include:
Yield Farming
Users can engage in different farming programs that enable obtaining multiple rewards, which includes the USDT Stable token. There are certain farming activities capable of yielding rewards between 100% and 600% APY rewards for users using LP tokens at ETH/SCARCE LP. For other pairs such as USDT/SCARCE, users can receive higher rewards.
Locked Liquidity
The platform enables the locking of tokens owned by the network’s liquidity providers. This serves as a safe and secured vault that shields the assets and investments of clients. This makes it practically impossible for users’ assets to liquidate immediately they are staked.
Limited Supply
The total number of SCARCE tokens in circulation is 9,999 and with this limited number, the network allocates its tokens to only three purposes, the team, Presale, and the community and Rewards. This small amount in circulation is reduced further due to the burning of about 4% tokens, which occurs during smart contract incorporation or when a user performs an action using smart contracts. This causes a limited supply of the token and significant demand for it in the market, thereby increasing the value.
NFT Insurance
This is a new and exceptional feature added to the network by its development team. It allows clients to purchase or give out secured insurance NFT, which affords them an assurance to receive rewards and get a refund after redemption.
Security
Ensuring an adequate level of security is the principal watchword of the Scarcity DeFi platform. With the activation of burning 4% token, to have an automatic increase of the worth, through demand and supply method, an advanced level is required.
USEFUL LINKS
Website: https://scarcitydefi.org/
Telegram: https://t.me/SCARCEchat
Twitter: https://twitter.com/DeFiScarcity?s=09
Whitepaper: https://scarcitydefi.org/SCARCE-wp-v0.1.pdf
Github: https://github.com/scarcitydefi/ScarcityDeFi
Medium: https://medium.com/@scarcity
YouTube: https://www.youtube.com/channel/UC4PWIJUEP56PntLdKnAIhzg?view_as=subscriber
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2652432
Eth Address: 0x4F70c5e328B15825Fa456a4F32fEeF315ba88FDf