RiceFarm is the first automatic liquidity acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features that let you earn and win.
Rice has a capped supply of 100M.
It is important that farming tokens have a high burn rate to offset the tokens that are being farmed. This is why we chose to do allocate the majority to burns instead of having reflections because one earns rice through farming. Each transfer of RICE must pay a 14% transfer tax. 93% of the tax (13.02% of the 14%) will be burned immediately to help reduce the supply. The team plans to add other burn mechanisms on top of this with the goal of reaching a 40% burn rate.
As mentioned in the previous automatic burn section, each transfer of RICE must pay a 14% transfer tax of which the majority is burned. The remaining 0.98% of the tax gets added to the liquidity pool through the contract automatically. The liquidity will be locked and inaccessible.
Delayed Harvest is a unique mechanism used to limit how often one can harvest their rewards. This is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Transfers greater than 0.05% of the total supply will be rejected. We will reduce this ratio as the total supply grows.
An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 1% of his/her friends' earnings forever.
The migrator code in the MasterChef contract has been removed.
Timelock will be added at launch.