Ragnarok Auto-Liquidity Engine (SALE)
Auto Liquidity
Market Liquidity is of utmost importance and plays a vital role in allowing the buy & sell of $RGE tokens on PancakeSwap.
● In layman's terms, think of Liquidity as a big pool of money that is split 50/50 between $RGE tokens VS $BNB tokens. There is a conversion ratio that is set to the amount of $RGE you can get with BNB, for example: 1 BNB = 24.66 $RGE.
● When somebody buys $RGE, the price per $RGE will go up and the ratio above will also change at the same time to account for this. The same goes in the opposite direction for sells.
● Liquidity allows for anybody to buy & sell their RGE/BNB at anytime, however the less money/liquidity there is in the pool, the worse price you get so what our Ragnarok Auto-Liquidity Engine (SALE) does, is add more liquidity to that pool by itself and therefore solving that issue.
Here is how the RGE Auto-Liquidity Engine (SALE) works:
● Every 48 hours our RGE Auto-Liquidity Engine (SALE) will inject automatic liquidity into the market. On each buy or sell order there is a 4% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol's smart contract is the mechanism which smartly takes the 50% of the amount of RGE stored in the wallet, and will automatically buy BNB at the current market price.
● The remaining 50% of RGE in the Auto-LP wallet will be used for the RGE side of liquidity, therefore giving equal an 50/50 weighting of RGE/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool.
● The SALE will do this every 48 hours by adding more and more liquidity to the pool which will allow $RGE token holders to easily sell their tokens at anytime with little to no market slippage. It will also aid in maintaining protocol stability.
Last updated