$WHEAT is a new concept token in decentralized finance on Arbitrum, designed to tackle the notorious Wheat Syndicate, who are causing a global wheat scarcity. The WHEAT supply is currently being debased (decreasing) by 0.001% every block, which equates to around 7% per day.
- Initial Supply: 3,324,324,324,357
- Presale max WHEAT allocation: 270,000,000,000
- Liquidity: 1,260,000,000 per 1 ETH raised in the presale goes towards the LP.
- Most of the supply is unnecessary; it will be immediately burned after the presale ends
Mechanics
Wheat tokens are getting debased every block with a 0.001% rate which is around 7% a day. To compensate a little for this decrease you can stake your tokens in either Big or Smol vaults and get rewards. Rewards will only get debased upon claim!
Depositing or claiming will incur 24 hours lock on withdrawals. Depositing or claiming will not extend the timer but the timer will reset with another 24 hours. The debase is happening for the whole token supply including wheat tokens in vaults and wheat tokens in LP. Since wheat tokens in LP also gets debased the amount of wheat tokens will decrease but the amount of ETH will remain the same. That's the beauty of it since the price of wheat tokens will continue to increase if no one is selling and ETH is stable.
