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Introduction
Currently, we are experiencing an era of money transfer that has never been seen. The age of cryptocurrencies and decentralized economies is booming and Defi has forced the hands of many to adapt to a rapidly changing financial world. A financial world that is likely to be run by blockchain technology.
What is this DeFi stuff?
DeFi is a collective term for financial products and services that are accessible to anyone who really can just access the internet and a computer. With DeFi, the markets are always open. While this is good and a game-changer, there are fatalities that could occur especially to new people because of various scam projects that exist. Besides this, other problems users face with DeFi include high gas fees and complex user experience on some websites.
Therefore Poly Pirates strived to launch on the Polygon chain. The Polygon chain has very inexpensive gas fees that benefits a user that is new to crypto and DeFi.
What Poly Pirates brings to our investors
What we offer our investors is simple: Create consistent passive income. Our goal is to create a DeFi as a service, one platform that does all the work and heavy lifting. After all, we strive to be an investment vehicle that you can trust your money in. (And make some money doing so)
With Poly Pirates:
You don’t need to research hundreds of protocols to make an investment. (We do still suggest to DYOR) Your DeFi business begins and ends with Poly Pirates. We efficiently combine returns from protocol-owned liquidity with returns from DeFi protocols across numerous chains.
No need to buy expensive software to do swapping, bonding, staking, or bridging for you. You can simply invest with a cheap laptop and an internet connection. Some cases even with your phone! This allows you to free up your most valuable asset, your time.
Reduced fees! Poly Pirates works in a way where we pool resources together, charges are then distributed according to everybody's contribution, this results in a relatively smaller fee per head. Additionally, each transaction on a chain requires a gas fee. The native coin to the Polygon chain is $MATIC. Each transaction takes a fraction of your $MATIC token, adding up to a very small transaction fee after all is said in done. This is a benefit to all users.
Simple and easy. Nobody likes to struggle or interact with complicated websites, especially in the crypto space which is already confusing as is. Therefore, we designed a simple website that is easy to navigate. Your task is simple: buy DOUBLOONS ($DBL) with $MATIC on UNISWAP, connect your wallet to our website, build a ship, and cruise the seas. When the time comes, you simply claim your daily rewards with the click of a button.
Less Risk, more reward: Poly Pirates is a community-driven, value-adding protocol that is both open and transparent, with no hierarchy or exclusivity. We verify all protocols before we invest to minimize risks to the absolute minimum.
Behind the scenes
Poly Pirates brings a high yield potential combined with a trustworthy methodology. It allocates rewards and yield holders efficiently by combining returns from protocol-owned liquidity and returns from DeFi protocols across many chains.
We use our trading strategy to identify several DeFi projects. Because this is a community project, we do not make these investment decisions rather the selected projects are made open in the community for a vote before we initiate the investment protocol. We watch for bull and bear market trends so that we can profit from any market situation. This way, there are no gaps in our earnings. This cycle is repeated, providing you with an everlasting source of passive income.
How to create a Ship
You buy DOUBLOONS ($DBL) tokens to create ships and you get doubloons ($DBL) tokens as daily accumulated rewards. Be reminded, that values are an estimation, they may change in the future to sustain the project.
Buy $MATIC
Swap $MATIC for Doubloons ($DBL)
Connect your wallet to our website
Create a Ship with Doubloon ($DBL) tokens
Enjoy!
Where do my Doubloon tokens go?
This is what happens when a ship is created: Doubloons ($DBL) are sent to the rewards pool, Doubloons ($DBL) are put to the liquidity pool as 50% Doubloons ($DBL) and 50% MATIC. Rewards are distributed every 24 hours, and you may claim your rewards in Doubloons ($DBL) tokens from our website. Note there may be taxes for claiming daily to incentivize holding tokens and not claiming daily.
Please bear in mind that just like the rewards value, the distribution frequency is an estimate and may change in the future to ensure project sustainability. Also, once a node is created, it cannot be shut down. Aside from your rewards, investors will also enjoy the increase in Doubloon token's intrinsic value. Call it double rewards.
Claiming Tax
Poly Pirates has a decaying tax model that is as followed:
0-5 days
50%
6-10 days
40%
11-15 days
30%
15+ days
10%
Tokenomics
Network: Polygon
Name: Doubloon
Symbol: $DBL
DBL Token Contract Address: 0x23F7b604d1B0B179fa5Aaf2557E9a6469eA1b006
Burn Token: 0x000000000000000000000000000000000000dead Circulation Supply: 30,000,000
Thanks for viewing our whitepaper, we hope you enjoy your time in the Poly Pirates community!
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