What is StrongHands Finance and what does it solve?
StrongHands DEX is the decentralized exchange created by StrongHands Community. System is based on concentrated liquidity simple and easy to use. The exchange permits users to stake the native token ISHND in order to receive gains based on trading volume on platform making member part of the ecosystem. It is developed to be multichain, however at the present moment starts on BNB Chain having plans to be Ethereum and Polygon soon.
Its functionality is to allow users to securely and transparently trade digital assets without relying on a centralized entity to perform transactions or hold their funds.StrongHands uses smart contracts to facilitate the trading of digital assets, enabling transactions to occur automatically in a programmatic manner. This means that transactions are executed in a decentralized and secure way, without the need to trust a centralized entity to act as an intermediary.
Key features of StrongHands DEX
- Staking Program: Earn rewards by staking your $ISHND tokens to receive sSHND tokens. Rewards automatically compound within the staking pool. Upon redeeming sSHND, you’ll receive your initial $ISHND tokens and accumulated rewards.
- Liquidity Rewards: Participate in platform’s Liquidity Rewards program to earn $ISHND tokens through yield farming. Stake LP tokens in various pools to receive rewards. Rates of return vary based on pool assets’ risk and volatility. Earn attractive rewards by engaging in liquidity provision and staking, aligned with your risk preferences and asset choices.
- Degen Arena: StrongHands support promising community tokens, including altcoins and “degen tokens” with significant Total Value Locked (TVL) and trading volume. Custom LP farms and liquidity grants are available to enhance liquidity and trading activities.
- 100% Fee Return: Staking and Liquidity Mining drive our system’s profitability. Every trade in our swap incurs a 0.30% fee, with 0.05% returning to stakers as sSHND tokens and 0.25% to liquidity providers. As its volume grows, investors earn passive income simply by holding our token on our platform.
The motto of StrongHands community was created at the inception moment of this coin in 2015, by Jackson Briggs, creator of SHND:The entire cryptocurrency community suffer from one ailment. The ailment of disloyalty. It’s cancer that is eating away at every community on this forum.This coin solves that problem.
If you got dem weak hands, this coin aint for you. If you can go the distance crank up dem miners and get to work.With this coin only the strongest hands prevail.
Token Overview
- Token name: StrongHands
- Token symbol:ISHND
- Total supply: 29000000000
SHND is the native asset of the StrongHands layer-1 blockchain with a max supply of 29 billion coins. As one of the earliest adopters of a hybrid model that uses both the PoS and PoW to mint their coins, SHND has built upon the foundational principles of Bitcoin, introducing enhancements in energy efficiency and network security. By combining the strengths of both staking and mining, SHND provides a unique approach to securing the network and incentivizing participation.
- POS miners are rewarded with 2500 SHND coins per block after holding their coins for 30 days, ensuring a robust and sustained commitment to network integrity.
-POW miner use Bitcoin ASICS as StrongHands is a SHA256 coin, and they receive 1800 coins per POW block.
The SHND coin serves as the financial backbone of the StrongHands ecosystem. StrongHands is a community coin and an open project so anybody could step in and develop the ecosystem.
With this idea, members of SHND community developed a DEX -having a separate token (ISHND Stronghands Finance) and a mastenode coin.
What does the ecosystem of StrongHands Finance include?
DEX: StrongHands liquidity pool is a smart contract that contains funds contributed by liquidity providers, which are then used to facilitate trades between different assets.Liquidity providers earn a share of the trading fees generated by the pool based on their contribution, and our pool’s automated market maker algorithm adjusts the asset prices based on supply and demand to maintain balance.
By staking iSHND you will be enabled to take participation in many pools receiving dividends by only locking your tokens, users can withdraw them whenever they like.
Bridge: StrongHands cross-chain bridge has an advanced mechanism that allows assets to be transferred between different blockchains by locking the assets on one blockchain and creating a representation of those assets on another blockchain, enabling users to transact between the two blockchains. Currently it is possible on BNB Chain, Ethereum Network and Polygon.
The bridge is operated by a set of nodes that verify and validate transactions before releasing the assets on the other side of the bridge using relayers to ensure the tokens will received from one chain to another.
NFT Marketplace: StrongHands marketplace is a platform that allows users to buy, sell, and trade unique digital assets, known as non-fungible tokens (NFTs). You can even buy our Manekin-Nekos, our adapted symbol of Japanese prosperity paying homage to our first community.
It operates now on a Ethereum blockchain, and provide a way for creators to showcase and monetize their digital creations, while allowing collectors to discover and acquire unique NFTs. It is a great and reliable platform under development and is being prepared to be multichain.
StrongHands Finance Official Media
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