Stake with just one click! No more complex DeFi operations
All liquidity is always locked for everybody, nobody can pull the rug
GoldenWools can burn tokens directly from inside the exchange liquidity pool whenever needed, boosting prices and fighting inflation
Golden Wools is a DeFi ecosystem hosted on the Tron Blockchain, transparent and opensource.
GoldenWools project is simple:
- Users acquire shares of a Farm (Sheeps), by investing TRX.
- These sheeps produces an amount of tokens GoldenWools (GWO) and distributes them among farmers, every day, forever!
- Farmers are free to claim their produced tokens (rewards) at any time, and either hold them or sell them for TRX.
Golden Animals produces Golden Wools (GWO) continuously, and distributes them among all Animals holders.
By holding Animals, you will get Golden Wools (GWO) everyday, forever.
When a player get Animals, half his TRX are used to buy GWO from JustSwap exchange, the other half are used to add liquidity (among with the just bought GWO) to the GWO/TRX exchange liquidity pool.
This gives great support and value to Golden Wools (GWO) token.
Golden Vault is a great way to compound your GWO and fight inflation, Golden Vault keep producing Golden Wools (GWO) continuously, and distributes them among all the players who have invested GWO in vault.
You can invest in Animals using TRX
You can invest in Vault using GWO
GWO tokens sent to the Vault are instantly burned from circulation.
GoldenWools is very powerful:
One Click Staking
Unlike other complex DeFi projects, in GoldenWools players need just one click to start earning passive income forever.
Unlike other DeFi projects, liquidity in GoldenWools is always locked for every player, this means nobody can remove it and crash the system, we are all in this together for the long haul.
Anti Inflation Tech
In the typical DeFi projects, the main token keep being produced everyday and eventually inflation kicks in, prices go down.
GoldenWools system is able to burn GWO tokens directly from inside the main GWO/TRX liquidity pool, actively boosting prices and fighting inflation without any effort from players.
Anti Inflation Function will be activated whenever needed and only after positive community voting (democracy) via telegram group.
GoldenEggs has been (and is still) a great ecosystem!
However after long time, golden eggs prices went down (the infamous inflation problem) as every day a lot of tokens are produced by many farms.
We tried to fight inflation in GoldenEggs many times but it's a hard job, and that's why we created season 2, new technology, new ideas, new concepts!
Will GoldenWools have a GLDE/GLDI/GLDS farms?
Yes, GLDE/I/S farms will come to GoldenWools, but at this time only TRX are accepted. Keep in mind converting GLDE/I/S to TRX is easy and simple (golden dex)!
Every transaction in Tron costs a small blockchain fee (gas/energy fees), these fees are very small, in fact Tron is one of the cheapest (and fastest) cryptocurrencies in the world.
However, Golden Wools users can enjoy a community Free Energy pool, making their interactions with Golden Wools smartcontracts totally free!
Free Energy Pool is not unlimited and can be consumed, however it does constantly recharge automatically.
GoldenWool new Technology allow us to Burn GWO tokens directly from inside the JustSwap exchange liquidity pool whenever needed/wanted.
After the whole community vote for a burning event (voting takes place in our telegram group, via polling), the burning mechanism is activated.
What happens is as follow:
1) an amount of liquidity (Sheep) is removed from the pool. This liquidity consist in an amount of TRX and GWO
2) the TRX removed are immediately used to buy GWO tokens from the pool, effectively injecting the TRX back to the pool, and removing more GWO
3) the GWO tokens received from the previous two points (1 and 2) is finally Burned forever
Result: the amount of TRX in the pool is the same as before, but the amount of GWO is lower (they have been burned).
This means, price of GWO is just increased automatically.
I have less Sheep after the burning event? Should I worry?
Sheep are really LP (liquidity pool) tokens, so any time an amount of liquidity (LP tokens) is burned, some Sheeps are just destroyed/burned.
This Sheep-Burning is reflected on every user, so it is normal that after a burning event everybody will have a bit less Sheep than before.
No value is lost!
While the number of Sheep go down a bit, the value ($$) of each remaining Sheep instantly increase, and the final result is no $ value is lost at all.
More importantly, if you was producing (for example) 10 GWO per day before, you will still keep producing 10 GWO per day after the burning event (less sheep but each remaining sheep produces more GWO, so the final result is nothing changed).
Even better, after a burning event, each Sheep is worth ($) more, each GWO is worth more ($price), this also means the daily profit ($) from production is increased!
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