Infinity token is a dynamic fee on transfer (FOT) deflationary token with 100 million total supply. The FOT changes throughout cycles. We call each change a “jump”. The starting dynamic FOT at the beginning of each cycle is 5%. It autonomously increases (jumps) by 0.5% each time 1 million tokens have been transferred (transfers occur during trading of course). When 14 million tokens have been transferred the FOT reaches its maximum of 12%. 50% of the FOT tokens are burnt and 50% of the FOT tokens are sent to a Liquid Vault. (Each cycle 637,500 tokens are burnt and 637,500 are sent to a Liquid Vault). When the quantum of Fee On Transfer tokens transferred reaches 1.275 million tokens a positive rebase expands the supply by 500,000. Note that Liquid Vaults also include the capacity to burn tokens and therefore further increase the degree to which $INFINITY is deflationary.
A Liquid Vault is a smart contract that holds a project’s tokens but to which anyone can send ETH and receive back LP tokens. This smart contract — “Liquid Vault”- could also:
- Lock the UNI-V2 LP tokens for a period before the buyer could claim them;
- Charge an “ETH fee” thus reducing the 50% discount. This ETH could then be used for other purposes;
- Permanently lock some LP tokens by sending them to the zero address while still giving the buyer LP at a discount.
A Power Vault is the similar contract as a Liquid Vault hovewer with additional functianality - Buy Pressure. Because of this option, the ETH balance of Power Vault can be swapped for Infinity tokens on Uniswap at any time.
In-depth information on Infinity Protocol is available at Medium and infinityprotocol.io
- node v10.16.0 or higher
- hardhat v2.1.2
- solidity v0.7.4
- Install the dependencies
npm i
- Run the tests
npm run test
- Compile the contracts
npm run compile