Absol.Money and the Adventure Ahead

An Introduction to Absol.Money

The idea of sustainable passive income has been in mind for years. Many of the innovations taken place on Ethereum and Binance Smart Chain have allowed investors to pursue passive income. However, with developments in decentralized finance came with it some drawbacks as well, mainly projects aiming to steal investors of their money. The recent rug and mismanagement of the Wynaut and Meowth project, in which the dev sold their funds, left its supporters and the crypto community shambles.

These events prompted the creation of Absol Money.

Absol Money has several main components making it attractive to a multitude of investors. First, the Absol token allows holders of the token to gain passive income through a transaction tax where 1% gets redistributed to holders and 2.59% gets burned from the supply. Absol in its design is deflationary causing a scarcity effect driving the price constantly upwards.

Second, the Umbreon token hits many of the weak points of the Absol token. Umbreon has a constant inflation rate of 1 token per block. This inflation allows us to make several decentralized applications (dapps) where Absol might not be usable. Two of these apps in development are a lottery system and a NFT gashapon. Users can take advantage of Umbreon’s inflation by staking and pooling tokens on our farming platform to earn Umbreon emissions.

Combining the utilities of Absol and Umberon allows us to take advantage of everything decentralized finance has to offer. With the Absol and Umbreon tokens, Absol Money has outlined a successful future, in line towards eliminating various challenges and risks associated with different cryptocurrency investments. With more security and transparency of funds coupled with strong and consistent developments, Absol Money aims to provide sustainable passive-income.

Funds are SAFU

To eliminate the possibility of a rug, several factors were set in place. The main factors being how our farm is structure, the burning of all initial liquidity, and limited Dev funds. First, our farms are forked from GooseDefi, which removed the migrator code that plagued many previous farms. Second, all initial liquidity that has been added has been burned, guaranteeing the liquidity is never removed. Third, the Dev funds are less than 5% of the total supply of both Absol and Umbreon, dwarfing that of the Dev funds set aside for many projects, including Wynaut. Both Absol and Umbreon were listed fairly and directly so you’re safe knowing that no pre-sale participants can dump on you.

We took the time to edit this one for your enjoyment

Lottery

A feature and dapp on many popular platforms is lottery. We will be implementing lottery on Absol Money shortly and are excited to announce it here. A lotto feature helps drive volume while also aiding in the burn of the native token, for our lotto we will be using Umbreon. Participating in the lotto can be broken down into three easy steps:

1. Buy and receive tickets.
2. The 4 winning lottery numbers are drawn and will appear on the lotto page.
3. If you won, congrats!

It’s really that simple. This feature aids in reducing the circulating supply by burning 20% of the pooled funds each round. More information on the lotto will be released on launch.

Non-Fungible Tokens (NFTs)

When it comes to implementing NFTs into our project that was a no-brainer. However, the amount of options we can explore is overwhelming. NFTs can be as simple as a single piece of art or as complex as the back bone modern card game. To begin our journey with NFTs we will building gashapon machines for users to collect unique and rare artwork of their favorite Pokemon! These will feature several thematically themed NFTs for each machine of differing rarities. Come and collect them all.

With BSC being lacking some key NFT features, we would like to take advantage of the void and will be working on building an entire NFT platform for the space to use. Opensea and Rari are both great products that need to be brought to BSC and we’re aiming to do that. So stick around for more developments regarding that.

Work in progress of a NFT drop coming soon to holders.

Bright Future for Dark Pokemon

To kick off our exiting adventure we will be debuting three new pools onto our site as well. ETH-BNB LP, DAI-BUSD LP, and CAKE pools have all been added for your farming pleasure.

We would like to thank everyone for their continued support and are excited to take this journey ahead with everyone.