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Honeypad: The revolution in the DefiMarket

3y ago
bullish:

1

bearish:

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Honeypad is a hyper-deflationary use-case token, which has cutting-edge features and a unique use case.

Honeypad rewards token holders with auto-BNB payments gained through transaction taxes while also preventing huge selloffs with its first of a kind Honeylock feature.

Honeypad aims to make the cryptocurrency market – especially the decentralized finance and freelance market – faster and secure for its users.

What makes Honepad revolutionary?

Three main reasons for that: HONEYLOCK, QUEEN BEE and HONEYSHIELD. Let's dive deeper into this topic. 

HONEYLOCK makes sure that no wallet can sell more than 50% of its holdings during a 24h-hour period, automatically restricting any sales past that point, ensuring a stabilized price and chart. This is a first for all cryptocurrencies, but the economic theory checks out. 

QUEEN BEE will buy back tokens during important psychological levels on the chart and let them equally flow back into the liquidity pool and burn wallet.

HONEYSHIELD will be activated every single time a buyback is happening to prevent pump and dumps.

Honeypad aims to make the cryptocurrency market - especially the decentralized finance and freelance market - safer for its users. Hint: the use case behind is no small deal either!

The use cases behind the project 

HONEYPAY - is the payment provider on Honeypad, processing transactions securely.

HONEYSWAP - will be Honeypads own decentralized exchange. Trade, stake and swap!

HIVE CHAIN - is the blockchain that it all happens on, keeping the ecosystem closed and decentralized.

HONEYWORK / PROJECT HIVE - As of early 2021, Cryptocurrencies have become a multi-trillion-dollar force in the world economy. 

At the same time, freelancing represents an approximately $1.2 trillion market worldwide. 

Honeypad is bringing these two worlds together. They want to mix things up and while freelancing platforms are expected to grow to more than $9.1 billion by 2026 they are looking to capture as big of a slice as they can of this fast-growing sector. 

While more people accept that the way to work has changed, they are cheering on the 15.3% CAGR from -  2021-2026 and stepping in with a smarter, more efficient ecosystem.

“Always dream big. Forget about fixed-rate salaries. Demand and claim the respect and freedom you know you crave.” - Honeypad

Through freelancing, and through the entrepreneurship that so often employs freelancers, Honeypad is going to help build a brighter future for us all.

This is a DeFi innovation that is going to upend online freelancing and crypto swaps. Knowing that the current leader in swaps is worth approximately $2.2 billion, they see Honeypad as the connection between all of these converging technologies. 

Project Hive is Honeypads endgame, the masterpiece that will interconnect its ecosystem perfectly, through its own blockchain. Because Honeypad runs on its own blockchain, we can count on all of the following:

a high level of security, protecting business transactions for both freelancers and their clients

preventing hacking threats, drastically reducing the rate of breaches and crimes

lower costs, eliminating the intermediaries and centralized processors

automatic account reconciliation

tailored to freelancing

data integrity

faster and transparent transactions

streamlined, error-free, hyper-efficient processing

sensible governance and identity management

vibrant, customizable market reactivity

Honeypad aims to create the first self-covering ecosystem which uses all the aspects of the cryptomarket: Use case, utility, payment option, and the endgame, Project Hive. 

In this way, Honeypad can ensure profitability for its token holders by generating a steadily growing cash flow through its use cases and utilities. 

A part of the generated cash flow will be re-invested into the liquidity pool, which ensures a long-term uptrend on the token, and a part of it will be redistributed to the token holders as a reflection. 

This means every token holder will continuously be rewarded - not just from redistributions, but also from dividends. 

How can you increase your income with Honeypad?

As a holder, you will automatically generate passive cash flows from its elaborate reward system. 

During the launch phase, holders will get rewarded automatically through BNB reflections. Honeypad’s long-term purpose is to be the source of a steady stream of income, transitioning Honeypad step by step into a viable utility token after the use cases are launched. 

Honeyswap, Honeywork, and Honeypay all have different tax systems to optimize the balance of the ecosystem. 

From the total profit generated, 10% will be returned to the liquidity pool and holders will receive 10% as dividends. When volume increases, the dividends will transition to weekly, and eventually daily, intervals.

Who’s behind Honeypad?

Honeypad is the result of the hard work of dedicated specialists ready to revolutionize the DeFi Market. From Marketing experts to experienced strategists, from social media experts to an extremely versatile graphic designers. They cover it all.

In terms of doxxing: The team is already fully doxxed to Dessert finance (Audit). During phase 5 (100,000 holders / $100m market cap) the Honeypad Team is looking forward to having a meet and greet session with its global community.

What is the current status and what’s next?

Honeypad has already built up 10,000 community members purely organically. The first marketing phase has been successfully completed. The private sale was filled with a hard cap of 600BNBs.

Phase 2 of the marketing strategy has now started and the official presale will take place on August 31, 2021. The launch will be on September 2nd, 2021.

Stay up to date and check out their Website for more details:

Website - www.honeypad.io

Twitter - https://twitter.com/thehoneypad?s=09

Telegram - https://t.me/honeypadofficial

Disclaimer: This is a paid post and should not be treated as news/advice.

The post Honeypad: The revolution in the DefiMarket appeared first on AMBCrypto.

3y ago
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bearish:

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