What is Sword BSC Token ($SWDB)?
Defender Finance is a Multi-chain, all new model algo - stable yield farming protocol, first launch on BSC network.
$SWD is the Main/Peg token of Defender. On Multi-chain ecosystem, the first letter of each chain will be added as SWD token suffix. $SWD is on BNB Smart Chain.
$SWD token is designed to be pegged to 1 $ETH. Its price decides the expansion or contraction of FORTRESS
DEPOT, FORTRESS and CITADEL are current use cases for $SWD.
On the Project roadmap, the team is going to build further incentive use cases for $SWD such as Dex & Yield Optimizer protocol with $SWD buyback & burn mech.
The protocol's algorithm aims to maintain $SWD price stable to 1 $ETH in the long run.
There is up to 0.5% burn fee for every sell. Using add/remove LP feature on the Defender website home page to avoid fee.
In order to avoid pump/dump by bad actors and protect long-term holders, a maximum sell amount will be set at 0.5% of circulating supply for every sell and the time between 2 continuous sells will be up to 5 minutes.