About Monkey King
Wukong Finance is a high security Yield farming DAPP and crypto platform running on the Ethereum Mainnet using the Uniswap Exchange. Offering a safe and secure platform with great APRs and functionalities is Wukong Finance’s highest priority. APR is the annual percentage rate and refers to the yearly interest generated. The daily percentage shows the daily interest. Some farms have a deposit fee to deposit tokens in the farm. This fee is used for rewards in the bushes and platform development. The harvest lockup is an antibot mechanism that forces an 1 week lockup after harvesting. The Wukong Finance yield farms allow users to earn WUKONG while supporting Wukong Finance by staking LP tokens.
Monkey King Basic Points Table
|Coin Name||Monkey King|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Who Are The Founders of Monkey King
Risks of yield farming
When staking liquidity with LP tokens it’s important to understand the effects of impermanent loss. Binance wrote a great guide on impermanent loss, check out this binance academy article. APR is the annual percentage rate and refers to the yearly interest generated. The daily percentage shows the daily interest. Deposit fee. Some pools have a deposit fee to deposit tokens in the pool. This fee is used for rewards in the bushes and platform development. Harvest Lockup. The harvest lockup is an antibot mechanism that forces an 8 hour lockup after harvesting.
The Wukong Finance Bushes offer high APR pools to stake WUKONG tokens and earn other tokens from your current partners. Stake WUKONG, earn free tokens, the Wukong way. APR is the annual percentage rate and refers to the yearly interest generated. Dividing the APR by 365 will give you the daily interest. Some bushes have a burn fee, this fee will automatically get sent to the burn address. The End status bar shows the remaining number of days left for the bush. You can always unstake your tokens, if you have tokens staked in an inactive bush, click the inactive tab and unstake your tokens.
They created a strong burning mechanism that increases the token price constantly :
- 3% burn fee will be charged at each deposit on farms and 4% burn fee on pools (current rate that could evolve in the future)
- The burning transaction fee (3% on farms and 4% on pools) will be used to :
- purchase WUKONG and burn them : 30% of the total transaction fee.
- farming : The Wukong’s team will farm these burning transaction fee to create more value and to distribute it to the community (more details soon about the mechanism) : 50% of the total transaction fee.
- airdrop and marketing : Wukong Finance will make frequent cool airdrops and use a part of the transaction fee into marketing costs : 20% of the total transaction fee.
Why Choose Monkey King?
When purchasing or receiving tokens on the Ethereum Mainnet, tokens may not show in your wallet interface automatically. In this case, the token’s contract address will have to be manually added to your wallet interface. This guide will show you how to perform this on various wallets. Adding liquidity allows the contributor to earn 0.17% swapping fees from the pairs they’ve provided. You can supply liquidity and start earning fees via the link here, When you add your token to a liquidity pool (LP), you will receive UNI-V2 tokens (Uniswap’s version of liquidity provider tokens).
Where Can You Buy Monkey King (WUKONG)?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Uniswap (V2), As It Has The Highest DAI/WUKONG.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include DAI/WUKONG And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
GET Supported Wallet
Several Browser And Mobile App Based Wallets Support Monkey King. Here Is Example Of Wallet Which Support Monkey King – Trust Wallet For Hardware Ledger Nano.
FAQ Of Monkey King
Where I Can Find Monkey King Whitepaper?
You Can Find Monkey King Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Uniswap (V2).
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is N/A.