Gear Finance | Fair Project Launch

Hello everyone, today we are very excited to announce the Gear.Finance project, a high yield decentralized farming platform governed by the project deflationary token (More information: t.me/gearfinance).

But… What exactly is the Fair Project Launch?

The PFL are a set of rules applied to the tokenomics of our platform making sure user funds are safe and distribution is fair. Lets see what this rules are:

• Token Max Supply: 32500 tokens.
• Distribution: 25% to Public Fair Sale (No private sale will ever exist). 12.5% to Treasury. 10% to Fair Development Fund. 52.5% to Staking and LP.
• 3.5% Tax: this tax will apply to every token payment that goes out of the platform ecosystem. This rule makes possible to move tokens around the project pools without getting taxed. The tokens obtained by the 3.5% tax will be distributed among every user participating on the pools every 10 days. This may be subject to change via community governance.
• Variables such as Payment Tax or Pool Rewards can be changed via governance.

And… What is a Fair Development Fund? (aka Anti-Rug Fund)

The Fair Development Fund consists on the allocation of 10% of the token maximum supply to the team of developers working on Gear Finance, but this fund has some very special characteristics to ensure project safety and further development.

• Every single token allocated to the development fund will be automatically locked FOREVER (Contributing to the Total Value Permanently Locked of the project pools). This means that no development fund token will ever be able to be sold or exchanged ensuring that no rug pull or exit scam is ever possible.
• How do developers earn the profit they deserve for developing Gear Finance then? While development fund tokens can not be sold or exchanged they can be allocated to any of the pools available on Gear Finance. Developer Team will make profit by staking their own fund into one of the pools.
• This also means that 10% of the total supply will automatically be part of the TVPL.

And… What is a Public Fair Sale?

The Public Fair Sale is designed to reward early contributors and protect them at the same time.

When this event starts early adopters will be able to exchange ETH for the project token on a fixed rate just as a normal public sale… BUT the main advantage of our public sale design is that people who have participated on the event will be able to exchange the project token for ETH at the exact same rate for 25 days.

Example: if I exchange 5 ETH for X amount of the project tokens and 10 days later for some reason I want to get my ETH back I will be able to exchange that X amount of project tokens I have for the exact same amount of ETH that I initially spent. (5 ETH in this case)

Public Fair Sale ratio will be announced when the website launches.

More information and details will be disclosed when our website is launched. Meanwhile, you can follow as on our ONLY official social media channels, which are Telegram and Twitter.

Telegram: t.me/gearfinance | Twitter: @gear_finance