How does Auto Staking & Compounding works?
Last updated
Last updated
If you hold Biophilia tokens, you are entitled to experience the unique features of Biophilia Auto Staking & Compounding. In the case of Biophilia, holders may earn different Annual Percentage Yields (APY). What sets our token apart is the incorporation of very distinctive features in our tokenomics.
We proudly introduce the Biophilia Reserve Bank (BBR), a mechanism designed to reward all token holders. Despite these rewarding features, we have taken a conscious decision to limit our token's maximum supply to 30 million tokens. To achieve this, we implement a burning mechanism for tokens with every buy and sell transaction in the market. This ensures that BBR can mint tokens according to the APY rewards, maintaining a delicate balance between rewarding our community and controlling the overall token supply.
As part of our commitment to transparency and sustainability, whenever the circulating supply reaches a specific number of tokens in the market, there will be a 10% reduction applied to the current 50% APY. This reduction is an annual occurrence until the APY reaches the lowest base of 10%. This unique mechanism not only ensures a dynamic and sustainable reward structure but also aligns with our dedication to providing long-term value and stability for Biophilia token holders. We believe in fostering a community that benefits from our innovative tokenomics while embracing responsible token management practices.
However, there's an added benefit for those who choose to lock their tokens in Staking platform – they will not only earn BNB but also receive additional Reward tokens, starting at 10% APY will gradually decreasing by 2% until it reaches 2%. This added benefit makes locking your tokens a lucrative option.
How to Get Your Reward Tokens through APY?
1. Auto Compounding & Staking: By participating in Auto Compounding & Staking, you can earn BPL reward tokens from the Biophilia Reserve Bank.
Let's illustrate this with an example: Imagine you have 10,000 BPL tokens, which is equivalent to $5,000 in fiat value.
10,000 (initially holdings) + 5,000 (annual earnings) = 15,000 BPL (total token holdings).
So, you will have a total annual token holdings worth of 15,000 BPL.
Now, divide this annual token earnings by 48 weeks. Your weekly earnings are 312.5 BPL
To break it down further, divide your weekly earnings by 7 days, resulting in a daily earnings rate of 44.64 BPL.
So, by holding your 10,000 BPL tokens, you can potentially earn 5,000 BPL in one year, giving you a total of 15,000 BPL tokens. At an initial token price of $0.50, this would be equivalent to $7500.
The Biophilia protocol leverages the power of both auto compounding and auto staking to offer a unique and passive investment experience to its users. Biophilia Holders can earn rewards on their crypto assets without the need to actively manage their investments. This makes it an ideal option for individuals seeking a low-effort, yet high-reward investment strategy.
Furthermore, with the decentralization of DeFi protocols, Biophilia Holders have the added assurance that their token assets are secure and protected against potential hacks, attacks, and manipulation. This makes Biophilia a safe and reliable choice for crypto enthusiasts looking to maximize their earnings while minimizing their involvement in the management of their assets.