The blockchain revolution is slowly taking shape over time. From the beginning, Ethereum has developed an enhancement to Bitcoin based on smart contract creation. Currently there has been a boom in DeFi, crop farming and NTF over the past year. Many platforms that live up to this technology have emerged to suit the new era. Mozart Finance is one of these platforms.
What exactly is Mozart Finance? The platform was created as a fork by Goose Finance, which makes it a unique DeFi project that runs on Binance Smart Chain (BSC) with many other features that you can earn and tokens through this ecosystem. As a new platform, more and more functions are slowly being introduced that follow the roadmap. Here’s what you should know about the platform:
To protect the network in the long term, Mozart has an exclusive native BEP-20 token called PIANO. The primary payment currency is this token and serves as the basis for certain liquidity pools. However, other pairs of other properties will also be available. In addition, investors can use the PIANO tokens and receive rewards.
Due to the guidelines created, the price of the PIANO token is stable and deflationary. By using some of these elements, you can perform the deflation function. First, 1 percent of every transaction is constantly burned by the platform. The burning helps to ensure a balanced number of tokens.
The deposit fee paid also contributes to the token’s deflation. Users buy back the PIANO tokens for 50% of these payment costs.
Between the first and third week, the platform intends to lower the emission rates. However, the emission rate remains permanently at 0.25 PIANO per block after the third week.
Mozart developed an enormous economic token system to guarantee public access to the token and to ensure the stability of the network. The original offering of these tokens is 9.6 million, but 100,000 PIANO are the tokens mined.
These tokens are used to start the pre-sale process. Learn how the tokens are distributed here. The public presale sells 55% of the tokens (55,000), 40% of the tokens (40,000) are liquid and the last 5,000 tokens (5%) go to advertisements and websites.
27.5 PIANO tokens correspond to 1 BNB. Mozart Finance has set the soft limit with 22,000 PIANO (800 BNB). The hard cap is 55,000 PIANO, which is 2000BNB.
Each wallet could buy a minimum of 0.2BNB and a maximum of 20BNB PIANO when pre-sold. The platform managed to beat its pre-sale pace in five minutes and hit its hard limit of 2000BNB. The great prospects of the token and the network are already evident to investors.
The main feature of Mozart Finance is the logs for the agricultural yields. The developers have confirmed that the platform will have many pools to offer investors the highest APR values. Yield farming is a better choice for trading as it doesn’t require extensive research. You lock your money in a YF pool and receive a payout based on your turnout.
Although not yet available, the stakeout feature has just been added to the platform’s feature list, a check mark on its roadmap.
- Select a pair of tokens: The first step is to choose the pair of tokens that you want to use. The SWAP phase only lasts a few seconds. You need to add liquidity for both and be careful that $ 100 has to be split between 50 and 50 pairs in each farm pair.
- Add liquidity: The next step before you can enter the farm is about liquidity. You can add liquidity to the system by converting BUSD and BNB to BUSD-BNB-LP tokens.
- proportion of: After that, LP tokens should appear in your wallet. You can now place LP tokens on one of the farm pairs. To withdraw LP tokens, repeat the same process backwards.
As mentioned earlier, Mozart is working on scaling blockchain technology, including NTFs. NFTs are already a hot commodity, selling for millions of dollars. In its deflationary climate, Mozart Finance wants to help the emerging sector. Users can use Mozart Finance to exchange, collect, and create NFTs.
The main advantage for Mozart Finance users is the deflation mechanisms that contribute to the overall stability of the platform. Mozart Finance hopes to improve its network durability through a combination of different token burning mechanisms.
1% of every transaction is burned. The network also performs weekly spontaneous burns under current market conditions. The burning strategy enables the Mozart developers to maintain complete control over the native token value of the PIANO platform.
Mozart Finance’s high APRs are worth the hype. The developers boast that these prices go beyond the existing industry level. Mozart Finance aims to offer the DeFi Group a lucrative alternative when combined with the deflationary strategies the platform seeks to use.
Mozart Finance’s lower transaction costs should pique your interest as an investor. Since the network is based on BSC rather than Ether, the gas charges don’t drop to ridiculously high levels unlike other popular DeFi platforms. Lately, investors have been looking for alternatives in the market to avoid those soaring gas charges.
Recently, Mozart Finance announced plans to conduct multiple code audits. The developers had already signed a contract for their first audit with ImmuneBytes before the pre-sale began. The platform promised further audits.
In line with the developer’s wish to offer the DeFi community a more transparent alternative for back-farming, the platform includes certain consumer protection measures. Especially since the network’s pre-sale has been completed, its liquidity has been blocked for eight months.
Mozart Finance presents itself as a Generational Blockchain Defi Project, which aims to survive better with these initiatives. The project developer is very resilient in creating a platform that includes all of DeFi’s major applications such as income farming, lotteries and NFTs. We expect the platform to grow big over time.
The democracy that DeFi protocols offer users is becoming a popular concept and Mozart Finance is making the most of it. Mozart Finance users have a say in new developments in the ecosystem. It is even better that all PIANO owners have governance rights on the platform.
As the platform continues to grow, the Binance Smart Chain is also attracting a great deal of attention from crypto enthusiasts. Take the step and explore the opportunities Mozart Finance is offering its community today!