Inuko’s BOND MARKET goes LIVE!
Providing bonds as a service to other altcoin projects on the BNB Smart Chain
Bond Market Launch
Our bond market was launched on Friday, 17th February 2023.
This market will allow us to provide bonds as a service. That means Inuko Finance can extend this offering to other altcoin projects on the BNB Smart Chain.
Having the bond market not only allows the Inuko community to benefit from discounted tokens but also opens the doors for partnerships that will help grow the Inuko community further.
Why bond?
A bond, in simple terms, is a mechanism by which a user can sell an asset (such as a Quote Token) in a bond market in exchange for discounted Payout Tokens to be released after a specific holding period.
The purpose of a bond is to eliminate the need for a project to set aside large amounts of tokens to incentivize liquidity providers as liquidity farming rewards. Liquidity farming is a detrimental mechanism that often leads to liquidity attrition and price erosion for the token.
Inuko has managed to maintain many times above its original listing price because we do not offer liquidity farming, and we will continue to do so.
How will the bond market affect Inuko?
The bond market is the final evolution from the original bonds offered by Inuko Finance. It is highly flexible and scalable, allowing us to create various bond offerings without making contractual changes.
This bond market will replace the existing LP bond. We will set aside 300,000 INUKO to create a simple INUKO-to-USDT bond in the bond market, which means users can buy discounted INUKO directly from the bond market without the hassle and unnecessary complication of creating liquidity on Pancakeswap.
Funds accumulated from the bond will primarily go to backing INUKO by sending them into the treasury; this will raise the floor price of INUKO by also reigniting trades for the coin.
Bond as a service to Altcoin projects
Other altcoin projects running the BNB Smart Chain can offer bonds on our bond market. We will seek out collaboration to get more projects to list with us.
Bond as a service will allow Inuko Finance to charge a nominal fee of 0.5% to 1% for every sale. These fees will go into the treasury, strengthening the INUKO backing even further.
Allowing other project communities to participate in the bond market on Inuko means that Inuko will get more visibility in the DeFi space resulting in our project growing exponentially.
Conclusion
The bond market is vital in Inuko Finance’s next growth stage. While the Inuko community gets to benefit from being able to buy INUKO and increase their holding at prices lower than the market rate, collaborating with other altcoin projects to launch bonds on our bond market will also help to grow our community and anchor Inuko Finance deeply into the roots of DeFi on the BNB Smart Chain.
Latest Manga Chapters:
Inuko is a millennial aspiring to become a talk show host or commentator. She looks up to Tetsuko Kuroyanagi, the host of Tetsuko's Room (japanese: 徹子の部屋 | Tetsuko no heya), and hopes to follow in her footsteps to make the world a better place for girls worldwide. She struggles while growing up dealing with tonnes of challenges millennials face today. And we hope that her story will help inspire girls from all over the world to strive to achieve their dreams.
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