Laika Protocol

Jul 5, 2021

7 min read

Astro Protocol will launch on BSC on July 11!

A detailed look at the next generation tokenomics, token distribution, and roadmap for our upcoming launch of Astro Protocol on BSC is now available!

What makes Astro Protocol a second generation yield farm?

Unique Code

Astro Protocol’s contract and tokenomics have been entirely created and designed by our developer team from the ground up. This allows us to introduce brand new tokenomics, burn mechanisms and multi-chain integration that wasn’t available before. This makes Astro a true second generation yield farm rather than just yet another fork of already existing farms.

Deflationary

As part of Astro’s brand new tokenomics, we have introduced an automated burning mechanism similar to existing deflationary tokens like SafeMoon and our very own Laika! Astro includes a “Black Hole”, a burn address where a portion of Astro from every transaction gets automatically bought back and burned, removing it forever from the circulating supply!

Automatic LPs

Every transaction contributes towards automatically generating liquidity which goes into multiple pools, chains and exchanges. In short, this means that with every transaction, a portion of Astro and BNB goes back into the liquidity pool, ensuring that there is an ever growing liquidity pool for users to benefit from.

RFI Static Rewards

Another new addition to Astro is the RFI feature, which automatically redistributes a portion of each transaction fee to all Astro holders, including our black hole! This means that not only are holders rewarded for using our farms, but they also get automatically rewarded with additional tokens simply for holding! This also ensures that our black hole continues to grow even more over time!

No Migrator Function

As mentioned previously, our contract was built from the ground up, however the security and safety of our holders always remains our top priority. To achieve this we have taken several steps, starting with the fact that there is no migrator function in our code.

Cross-Chain Farming pools

Another major feature that is exclusive to Astro Protocol are our Cross-Chain farming pools, a brand new type of farms that use cross-chain liquidity from other chains to farm on BSC for even bigger rewards! These cross-chain pools will be exclusive to Laika, meaning that there will only be Laika cross-chain farms at the start, with other tokens such as Astro to follow at a later time.

Multi-chain Integration

Astro’s sister project, Laika was built with cross-chain interoperability and future-proof integration in mind and Astro is no different. Over the coming months, Astro’s farming pools will be expanding to additional chains such as Polygon, creating an even bigger multi-chain ecosystem and even more opportunities for partnerships, features and additional use cases over time.

Fee breakdown

Astro has a built in 5% transaction fee split as follows:

Emission Rate

The emission rate for Astro Protocol starts at 0.1 Astro/block and gets lower over time in a linear manner based on the following formula:

Distribution Breakdown

Initial Total Supply: 50,000 Astro

Fair Launch

Astro’s initial liquidity will be provided via a Laika-Astro liquidity pool on PancakeSwap. Laika developer funds will be used to create the pool, allowing for a fair launch without the need for a presale.

Airdrop Timelock

We will begin randomized and periodical distribution of airdrops two weeks after launch. The airdrops also will be distributed based on current market trends to prevent an influx of sell pressure as airdropped tokens become unlocked. To prevent price manipulation, the exact time frame for the airdrop distribution will not be revealed publicly until after all airdropped tokens have been distributed.

Astro Launch Roadmap

July 4th — Snapshot date for Round one of the whitelist airdrop

Binance Smart Chain

Over the last few months, Polygon (MATIC) has been in the news for all the right reasons as it has been projected as the alternative to Ethereum as it resides on the same network and hence has all the advantages of Ethereum built into it but at the same time, with much lesser fees.

Our Goal: To Learn, Explore and Innovate

We are incredibly excited for the future of DeFi and we hope that with the introduction of Astro, we can continue to learn, explore and innovate as we have already done so over the last quarter. We would like to thank every single one of our holders, community contributors and those working hard behind the scenes for all their support. This wouldn’t be possible without you.