ElDorado Finance
Tags: Crypto, Cryptocurrency Investment, Binance, Cryptocurrency News, Cryptocurrency

Hidden Treasure

$ELDORADO is simply put a next-generation Store of Value Token on the Binance Smart Chain.

What is ELDORADO?

$ELDORADO is a protocol built to generate long-term value to its investors. It will ultimately be used as a Store of Value token, giving considerable return of investment over time, no matter the stage of the project.

Features

There are many Store of Value Tokens on the Binance Smart Chain. What makes $ELDORADO better? The project is divided in stages, and each stage gradually changes how the Token is used, and what kind of investors are interested in it.

$ELDORADO

At the start, it’ s a very simple Token that greatly rewards early adopters. At the end, it becomes a very safe Token to invest in, with amazing long-term ROI, and full of great opportunities. During its progress through the different stages, we will see many changes affect its price in an upwards fashion.

Token Allocation on the $ELDORADO system.

As you can see the Token Allocation in $ELDORADO is as follows:

50% goes to the Pre-Sale which amounts to 5.000.000 $ELDORADO.

35% goes into the Liquidity Pool which amounts to 3.500.000 $ELDORADO.

10% goes towards the Team which amounts to 1.000.000 $ELDORADO.

5% goes towards the Foundational Reserve which amounts to 5.000.000 $ELDORADO.

STAGES OF $ELDORADO

Stage 1:

Initial Stage, Max Supply of 10.000.000 $ELDORADO, Pools and Partnerships fees disabled, Maximized Redistribution, Burn and LP Fees.

Stage 2:

Reached on 7.500.000 $ELDORADO, 25% of all tokens were burnt, Pools & Partnerships fees enabled, Lower Redistribution, Burn, and LP.

Stage 3:

Reached on 5.000.000 $ELDORADO, 50% of all tokens were burnt, Pools & Partnerships fees increased, Lower Redistribution, Burn, and LP.

Stage 4:

Reached on 2.500.000 $ELDORADO, 75% of all tokens were burnt, Pools & Partnerships fees increased, Lower Redistribution, Burn, and LP.

Stage 5:

Reached on 1.0M $ELDORADO, 90% of all tokens were burnt, Pools & Partnerships fees maximized, Disabled Redistribution, Burn, and LP.

Redistribution:

Many Tokens nowadays have Redistribution (also known as Reflection), as one of their core features.

Redistribution takes a percentage of each transaction as a fee and distributes the amount among all other holders, in a weighted fashion. This is great as a passive and easy to understand mechanism that rewards you for holding the tokens themselves, no action needed from your part.

ELDORADO also implements redistribution, but in an ever-decreasing way, until it’s completely disabled.

Burn

Another trending feature of many tokens is the Burn mechanism.

To burn tokens simply means to send these tokens to a null address, an address no one has or will ever have access to, therefore practically burning them. The effect of burning tokens is to create an artificial shortage of tokens, and so increasing the value of all other remaining tokens. There exist 2 common ways of implementing the burning mechanism of tokens: the manual way and the automated way.

Manual burns have the effect of suddenly creating a price spike on the token, letting the developers decide when the best moment to burn tokens is. Since the developer decides when and how much to burn, this also creates opportunity for mishandling the burns and effecting supply in a negative way, creating too much shortage and rapid price inflation, followed by a dump.

Automated burns have no responsibility on part of the developer, and have the effect of slowly but surely increasing the price of the token over time, in a smooth yet predictive way. We have opted to implement the automated burn, by burning part of the fee you pay for when selling tokens. However, we believe it’ s important to note that Burning can be overdone in an automated way also, creating extreme scarcity, locking all the supply.

We have implemented burning in such a way that its effect is lower over time, until it completely stops and no more coins are burnt. This is why, when ELDORADO reaches Stage 5, burning will be completely stopped, having reduced its initial supply by 90%. We do this in an automated and responsibility-free way, believing in our processes. This is the advantage of a well-tested and trustless system.

Recap:

Redistribution: When someone sells their $ELDORADO, everyone else profits from it.

Burn: On every transaction, there‘s less total $ELDORADO available, creating an upwards price trend.

Liquidity Pool: A small amount of $ELDORADO of every transaction is used to stabilize the price, creating a safer investment.

The Liquidity Pool mechanism combined with the Burn mechanism creates a slowly increasing price over time with stability. Burn alone would make it very volatile.

Pools & Partnerships:

As we discussed earlier, since the biggest LP contributor is not in the Pool, and since most people don‘t feel the need to become Liquidity Providers, it can be extremely profitable to do so and to join the Pool with your LP tokens.

Over time, the transaction fee changes more and more from Redistribution, Burn, and LP to quickstart the project, to Pools & Partnerships, to sustain it over the many years to come.

We will be looking for new and amazing partnerships, creating new pools and refreshing old ones constantly, creating amazingly profitable opportunities for all.

Stage progression:

As time goes by and as more and more investors come into our ecosystem, the more transfers are done and the more we progress into the further stages, by burning supply.

The more stages we advance into, the more we shift from a simple investing strategy to a more partnership and ecosystem strategy, extremely profitable safe and profitable for long-term investors.

Once Stage 5 is reached, the 15% fee that goes to Partnership Pools is extremely high and will without a doubt give us a lot of room for expansion into new projects.

Security:

We will perform various paid and extensive audits, for both proof of identity and code, before launching. We will test everything locally, on the testnet, on a local mainnet node, and finally launch on the mainnet.

We will perform re-locking of Liquidity Pool, the contract, and newly-generated LP tokens every 3 months. This allows for enough flexibility while providing substantial security to all investors.

We will lock 80% of Team Tokens, and release them linearly over the next 2 years and we will lock 100% of the Foundational Reserve and release it all after 3 years.

The information provided here about $ELDORADO is available at eldorado.finance. And specifically in the Goldpaper at

https://eldorado.finance/wp-content/uploads/2021/04/Goldpaper.pdf

We thank you dear reader for getting this far, and thank you for being interested in our project and for giving us your trust. For personal inquiries or inquiries about the project please do not hesitate to contact us at contact@eldorado.finance. We are gladly accepting any feedback, criticism or dialogue coming from you.

Thanks again.

Best regards,

Eldorado Finance.