Introducing BLACKHOLE: An approval-free decentralized & cross-chain burning protocol

In a few words…

$BLACK Token will flashly enter the deflationary model and keep deflating with the process of ecological reconfiguration.

Burning process explained

Product Innovations

  1. Openness and Compatibility of Black Hole Protocol Ecology

    The Blackhole protocol acts as an approval-free burning protocol. Anyone in the protocol could create a burning pool with an approval-free invocation contract that can be directly infiltrated into any Defi project which needs burning incentive.
    Blackhole could achieve seamless connection with any project’s user interface by the user-friendly features of open-source SDK and special smart contract.
  2. Multiple support for burning protocol

    Native support for liquidity reward burning (creator-designed burning rewards), single token burning (with a single token as the burning token).
  3. Features of liquidity burning

    Blackhole protocol could directly destroy the LPT’s ownership but retain the liquidity of the pool, meaning the liquidity could be left on-chain belonginglessly, thus achievieng complete liquidity neutrality and decentralization for the first time.
    Meanwhile with the burning process, BLACK Token will gain more ‘quality’ of liquidity, achieving deflation while gaining incremental ‘neutral’ liquidity on chain
  4. The top-notch mathematical deflation model

    BLACK Token is a special burning economic system that follows the geometrical progressio convergence model, in which all of Black Token will undergo a ‘deflationary cycle’. After 15 deflationary cycles, the token will be left less than 5%, and the value of the token will increase infinitely with the ‘deflationary cycle’

Technical Innovations

Economic model

  1. Black’s platform revenue
    In V1, partners could get free service of Blackhole Protocol. Then, the fee of token burning and reward distribution will be used in Black buyback.
    BLACK stakers can also subsequently participate in Governance directly through their staking.
  2. Farming
    The life cycle of Black Token will be divided into three phases
    Birth → Thriving → Infinite Deflation
    In the ‘Birth’ stage, staking farming and liquidity farming of Black Token will start after the initial offering through IDO.

Road Map

Blach Hole Road Map

Partners

Wish to know more about BLACK HOLE?

🐦 Twitter : https://twitter.com/BlackHoleBurn

📲Telegram : https://t.me/BlackholeProtocolOfficial

📲Telegram Polish: https://t.me/blackholePL

📖 Medium : https://blackholeprotocol.medium.com/

👾Github : https://github.com/black-hole-finance

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store