🪙Tokenomics
Udego Finance - Reinventing Decentralised Finance on Binance Smart Chain
Chain Network: BSC
Token Name: Udego Finance
Token Ticker: UDE
Initial Supply: 110,000,000 UDE
New Token emissions: 1 UDE per block
Fair Launch: Yes
Emission rate
Per block
*Effective Emission is 0.95 UDE as 1440 UDE per day is diverted to the lottery wallet, and burned (It will be burned every week until we start our lottery feature).
Distribution
Other Deflationary Mechanics
At present, UDE is also burned in the following ways:
0.05% of every trade made on Udego Swap.
100% of farming and staking pool rewards if unstake, harvest or compound is done before 168 hours (7 days) after staking.
1440 UDE per day is diverted to the lottery wallet, and burned (It will be burned every week until we start our lottery feature).
The burning process is currently manual.
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