Introducing Fork Finance

A defi factory on Binance Smart Chain that produces defi-project in a yield farming way

Fork-finance is the first DEFI project based on the IDFO protocol in the entire network. The full name of IDFO is Initial DeFi-Farm Offering, which is a combination of IFO and IDO.

This is a brand new launch pad, launching the project in a yield farming way

Why did we build Fork Finance？‌

Because of some common problems in DEFI:‌

• Fund security issues (most of the money pirates who refill the amount of money)
• Friendly to large amounts of money
• Insufficient wealth effect
• The bonus period is too short (collapse too fast)‌

These reflexivity four issues formed a disgusting cycle leading to the situation of the DEFI project.‌

Fork Finance was born to solve the above problems.‌

​🚀 Launch Sequence

‌

We will launch our services in the following sequence to ensure the smoothest experience for all users.‌

Phase 1: Warm-up phase‌

• Inject capital into the fund
• Rug pull victims airdrop‌

Phase 2: Staking to earn FORK

• Users can start staking to earn FORK
• We will seed PancakeSwap FORK-BNB so people can start acquiring FORK right away — note that the LP tokens have been burned — so no rug!
• This phase is designed to make sure we have a healthy amount of assets for IDFO for the next phase‌

Phase 3: IDFO farming‌

• We will open the IDFO farming function, thus completing our service loop. Our current estimate for this is at the middle of the Apr, 2021
• We attach great importance to the first IDFO project.

Protocol Design

First of all, what is IDFO?‌

The full name is Initial Defi-Farm Offerings

A defi factory on Binance Smart Chain that produces defi-project in a yield farming way

‌In order to achieve our purpose, two tokens will be issued‌

• fork-token
• check-token

FORK CHECK runs through the entire life cycle of the agreement

‌

Each stage of the IDFO‌

• Publicity Period: Publicize upcoming IDFO projects
• Farm period: minting check-token
• Exchange period: use check-token to cashing the token of IDFO project
• IDFO project online‌

The protocol will be divided into three phases‌

• Warm-up stage-Moon fund injection phases
• Initial farming phases
• Farm application phases‌

Warm-up stage-Moon fund injection

‌

Sell ​​4% of the total supply of $FORK through multiple rounds of quota purchases,‌

1. 85% of the funds will be in the To the Moon Fund’s contract‌

2. It will be used to keep APY stable when launching the farm‌

3. All $FORK publicly sold are not locked‌

Initial farming stage

At this stage, a two-week reward period will start, and the output will increase by 7 times. At the same time, the reward period will be locked by 70%. Will open three pools‌

• FORK-WBNB LP POOL
• FORK-BUSD LP POOL
• FORK‌

Farm application stage

Land our application at the right time to complete the service cycle The first project to start IDFO is Fork Finance itself. 2X output will be opened during the opening of IDFO project Four pools will be opened to earn CHECK‌

• FORK-WBNB LP POOL
• FORK-BUSD LP POOL
• FORK
• CHECK-WBNB LP POOL
• CHECK-BUSD LP POOL
• CHECK

‌

We will use part of the team’s $FORK to cash out CHECK during the IDFO exchange period.‌

After the IDFO project ends, the output rate will return to 1X, and you can continue to earn CHECK by keeping the pool.‌

CHECK is universal and can be used to redeem any of our IDFO items. This completes the service cycle.‌

How to guarantee the price of FORK‌

• keep APY stable by the To the Moon Fund
• Kill Single-Pool
• IDFO project empowers FORK‌

How to ensure continuity‌

After the Initial farming , we will attract traffic through continuous pull offers. And traffic is needed by every project party.‌

We will monetize traffic back to our users through IDFO, specifically: Find high-quality projects that need to attract traffic, marketing, and popularity to participate in our IDFO. We will use 100% of the share = as a reward for the form period. You only need to redeem it with check-token during the redemption period.‌

In addition, we will also look for high-quality projects to fork, so that our IDFO will continue.‌

How to ensure safety‌

• Every contract will be open source
• Each contract is owned by Timelock
• Everything is set in advance, no one can change the logic of the contract
• We only need constant pull and constant IDFO

Tokenomics & Token distributions:

We will publish tow tokens:‌

• FORK-TOkEN
• CHECK-TOKEN‌

What is $FORK ?‌

• To participate in IDFO you must hold $FORK.
• IDFO projects will also open $FORK related pools.
• The most important thing is that $FORK is the thousand times the token we want to do.‌

What is $CHECK ?‌

$CHECK means a check. During the IDFO period, it is produced through the farm of the FORK related pool and can flow freely. Because there will also be CHECK-WBNB trading pairs. His core is mainly for IDFO, which is a check issued by us, which can be cashed with exchange.‌

Tokenomics‌

FORK-TOKEN‌

Total supply : 188.000.000 $FROK‌

• name: Fork Token
• symbol: FORK
• totalSupply: 18.8 millions‌

DISTRIBUTION DETAILS‌

• 4% To the moon Fund (0.752millions)
• 10% Development found (1.88 millions)
• 4% Warchest (0.752 millions)
• 82% Fair launch distribution (15.416 millions)‌

To the moon found‌

• Hard Cap: 2100 BNB (0.752 millions $FORK)
• Total Supply : 18.8 millions $FORK, Private Sale is 4% of total supply‌

0.752 millions $FORK for To-the-moon Fund Crowdfunding‌

The crowdfunding was conducted in three stages, namely‌

• Seed Sale
• Whitelisted Sale
• Public offering‌

At the same time, we will also sell 75200$FORK to victims of the rug pull project at a price close to free.‌

rug pull project list‌

• ttdx
• koala
• demeter
• meerkat
• popcornswap‌

Seed Sale‌

• Rate : 752 $FORK = 1 BNB
• Hard Cap: 100 BNB (75200 $FORK)
• Purchase limit: 5BNB
• Minimal investment value : 0.01 BNB‌

Whitelisted Sale‌

• Rate : 376 $FORK = 1 BNB
• Hard Cap: 1000 BNB (376000 $FORK)
• Purchase limit: 5BNB
• Minimal investment value : 0.01 BNB‌

Public offering‌

• Rate : 225.6 $FORK = 1 BNB
• Hard Cap: 1000 BNB (225600 $FORK)
• Purchase limit: 5BNB
• Minimal investment value : 0.01 BNB

Most of the BNB will be used for $FORK to the moon !‌

Rug pull victim Bonus‌

• Rate : 75200 $FORK = 1 BNB
• Hard Cap: 1 BNB (75200 $FORK)
• Purchase limit: 0.01BNB
• Minimal investment value : 0.01 BNB‌

Development fund

10% of the distributed tokens will go towards funding development and expanding the team, and will be subject to the same two-year vesting as the tokens from the Fair Launch Distribution.‌

Warchest‌

There is an allocation of 0.8 million tokens reserved for future strategic expenses. These include listing fees, audits, third-party services, liquidity for partnerships, etc. 25000 of these tokens were used to seed PancakeSwap’s FORK-wBNB pool. To avoid dilution to token holders, we’ve also implemented a restriction. No more than 20000 tokens (~2.5% of the 0.8 million) can be withdrawn each month, with the only exception being if there is prior approval from a community vote.‌

Fair launch distribution‌

FORK will be released over two years with a decaying emissions schedule. In total, there will be 1.88 million FORK. To incentivize early adopters, there will be a bonus period for the first two weeks.‌

CHECK-TOKEN‌

There is no limit to the upper limit of the supply of $CHECK, because it is a $CHECK that will be burned directly after being cashed‌

• name: Check Token
• symbol: CHECK
• totalSupply: *‌

DISTRIBUTION DETAILS‌

• 8% IDFO found
• 92% Fair launch distribution‌

IDFO found

The core principle of the IDFO Fund is to encourage more participants to find and fork high-quality projects for IDFO.

Follow us

Website: https://fork-finance.org
Whitelist Pool: https://fork-finance.org/pools
Twitter: https://twitter.com/ForkFinance
Github: https://github.com/fork-finance
Telegram Group: https://t.me/forkfinance
Announcement Channel: https://t.me/forkfinance_announcement