Crocane
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F.A.Q.
0 - What Makes Crocane Special and Different from other DeFi Projects? 0' - Crocane is a new DeFi protocol that aims to establish a new decentralized model. Rather than constructing a massive treasury, the CAP protocol deposits the money generated by the project into the wallets of Crocane holders. This strategy delivers instant value to token holders and builds a community of supporters who want to see the project succeed. Our purpose is to use the community as an unified and focused entity to help the community gain wealth and power. This is a novel DeFi concept, and we believe it will set a new industry standard. 1 – How does the Rebase work?
1’ – Due to changes in token price, the Rebase process allows tokens to work in such a way that the circulating quantity expands or contracts. The technique that causes this increase or decrease in supply is known as rebasing. Crocane uses a Positive Rebase algorithm to enhance each holder's $Crocane supply.
2 – How to Stake
2’ – Crocane has developed a new AutoStaking token that makes receiving staking payouts much easier for users. You will automatically receive staking rewards if you keep $Crocane in your wallet.
3 - How do I get my Rebase rewards?
3’ – In plain words, the Rebase payouts are staking rewards. Simply by keeping $Crocane in your wallet, you are eligible for Rebase Rewards.
4 – Where can I buy $Crocane tokens?
4’ – The $Crocane token is available on multiple decentralized exchanges. 5 – What is the slippage for the trade?
5’ – There are two different Slippages which can be used for trading $Crocane:
1 | When you wish to buy, you will need to put the slippage at least at 13%.
2 | When you wish to sell, you will need to put the slippage at least at 16%.
You might need to add higher slippage during times when there are lots of buys and sells of Crocane but you should only ever incur the same buy and sell fees as mentioned above.
6 – Is there a Max Supply of $Crocane ?
6’ $Crocane is a token with elastic supply and there are no standards for its quantity. $Crocane does not have a Maximum Supply.
7 – When does the Rebase occur?
7’ – The Rebase occurs every 10 minutes and it distributes 0.03958% of the tokens in your wallet as staking rewards to $Crocane holders. In order to track the next Rebase, a holder can check the timer on the Crocane staking dashboard.
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8 - Is the Team KYC’d or Doxed?
8' - The team is not KYC’d or Doxed, with no current plans to do so. This is for a few reasons including security, but the main being that we want Crocane to be known for the project itself. We don’t want people to rally around us, we want you to rally around Crocane as a whole. 9 – How is the APY Sustained?
9’ – Crocane uses buy and sell taxes in order to sustain its fixed (static) APY. This means we will never lower or raise the APY of the project. When users buy Crocane, 13% of their purchase goes towards the protocol, when they sell, 16% goes to the protocol as well. This is one of the main ways we achieve and sustain the APY, thus the reason why you need to pay this tax. We do weekly burns. More features are in the work to help sustain the project by lowering inflation and creating additional revenue for the project.
10 – Is Crocane Audited?
10’ – We are working with Solidity Finance currently.
11 – How are We Handling Inflation?
11’ – We here at Crocane realize that with such a high APY, inflation is a question that is raised a lot. To counter inflation, we burn .47% of the vesting wallet weekly. Along with this, we are also working on utilities, other features and partnerships are also in the work to help reduce inflation.
12 – Is Crocane a DAO/OHM FORK?
12’ – Crocane is NOT a DAO, we are instead an entirely new type of protocol. Rather than bonding, Crocane uses buy and sell fees of 13 and 16 percent respectively, in order to sustain its APY. We also will never lower the APY of the project. Another big benefit of Crocane is its auto-staking capability, in which you do not need to traditionally stake your coins anywhere. Instead, the second you buy Crocane, all you have to do is sit back and watch your wallet accumulate more every 10 minutes.
13 – What will we do with the Treasury?
13’ – The treasury functions as an additional financial support for the RFV. This additional support can become important in the event of an extreme price drop off of the $Crocane token. The treasury is also used to fund new Crocane products, services, and projects that will expand and build up the CAP use cases and the Crocane economy.
14 –Crocane's Utility Plans?
14’ – We plan on expanding the Crocane ecosystem by adding new features and partnerships along the way. Other features coming soon include the Crocane NFT’s, Mobile App, Cross-chain, Merchandise, and so much more. To execute our vision, we need lots of utilities, so our agenda is not to try and build everything in-house but also to engage in partnerships allowing us to create lots of utilities fast.
15 –Slippage vs Tax?
15’ – As you know already, Crocane has a 13% and 16% fee for buying and selling. However, when attempting to buy or sell through an exchange, the fees, or slippage, may be higher. This is because that although Crocane only charges a flat fixed fee, the exchange also requires a fee. The slippage accommodates the price movement due to the level of liquidity in the pool. The exchange will always get a fixed percentage of the price paid. When the price movement is higher, the amount paid to the exchange may increase.
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