What’s Pollo?
Pollo is a DeFi protocol that aims to make basic income in digital currencies a reality.
It is constructed over BSC (Binance Smart Chain).
Please visit the official website for more information: https://official.pollo.finance/#about
Who are you?
The Pollo Finance Team consists of blockchain engineers, cryptocurrency economic experts and specialists from various fields.
General Q&As are answered mainly by helpers.
Why is the hard cap 21 million?
The limit of 21 million is just a tentative number. The limit will be reached in 2025, but there is room for adjustments. By using fair methods such as voting within the DAO’s community, it can be decided whether the hard cap is maintained, increased or abolished. The ones who decide are yourselves.
Why is a 5% Deposit Fee required?
We believe that because we are able to use the funds gained through the deposit fee to do effective marketing, it will result in a profit for the participants in the end.
Breakdown
> Farms
Buy Back & Burn 3%
Dev / Team Incentives 1.5%
Community Fund 0.5%
Total 5%
Please tell me more about referrals
Referrals refer to the incentive program where the referrer can receive 5% of the PoFi that can be obtained through the PoFi Pool.
If there is no referrer or if the wallet address of the referrer and referee are the same, 5% of the PoFi obtained will be sent to the developer’s wallet address.
There are no referrals apart from PoFi Pool.
What is happening with the token metrics?
Token: PoFi
Chain: Binance Smart Chain (BEP-20)
>Emission Rate
Reward Per Block: 0.5 PoFi (1 block is approximately 3 seconds)
Daily Emission (Based on 28.8k blocks / day) - 14.4k PoFi / day
> Fees
(Deposit fees)
PoFi-BNB(cake-LP) / PoFi-BUSD(cake-LP) 0%
A flat-rate fee of 5% for all others
Breakdown of Fees
> Farms
Buy Back & Burn 3%
Dev / Team Incentives 1.5%
Community Fund 0.5%
> Pools
Referral Reward 5%
(If no referrals, it will be the same as Farms)
> Initial stage mint
Pollo first issued 40,000 PoFi.
The breakdown is as follows:
Initial Token Offering 36,000 (1BNB = 50PoFi) over https://app.bounce.finance/
Guaranteeing initial flow of 4,000 into the pool
What are the possible risks?
> Loss of Capital
With any token, there is a possibility that the value will decline.
> IL (Impermanent Loss)
There may be a risk of (impermanent) capital loss from asset rebalancing in the Automated Market Maker (“AMM”) pool
Please see the article in the Binance Academy for more details about IL
https://academy.binance.com/en/articles/impermanent-loss-explained
> Smart Contract Risks
While we make our best efforts to test all our codes and run multiple unit tests, there are always possibilities of unforeseen bugs and issues. In order to minimise these risks and to increase safety, we plan on conducting an audit regularly.
