# BlazeDefi

## Introduction

### About BlazeDefi

[BlazeDefi](https://blazedefi.finance) is a next-generation automatic liquidity acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain. This exchange will serve as the platform for many innovative features to enable consistently high rates of return.

## Main Features

### Automatic Liquidity

Each transfer of BLAZE must pay a 5% transfer tax. The 4% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. Crucially, this liquidity will be locked and inaccessible.

### Automated Burning

The remaining 1% of the above-mentioned transfer tax will be burned immediately by the BlazeToken smart contract. These numbers are subject to change as supply and market capitalization increase.

### Harvest Lockup

To ensure that arbitrage bots do not constantly harvest and dump from the various farms and pools, we implemented a harvest lockup strategy to limit the frequency of harvests. The lockup times for each farm and pool are subject to change based on community feedback.

### Anti Whale

Transfers of more than 0.5% of the total supply will be rejected. As the total supply grows, this rate will be reduced.

### Deposit Fee Redistribution

A 3 to 4% deposit fee will be charged when users enter staking on certain farms and pools. This money will be used to buy-back and burn BLAZE tokens to combat inflation and keep prices stable.

### Referral Program

We have an on-chain referral program that will be online a few days after farming begins where users can invite friends to join our community and earn an additional 1% of his/her earnings forever.

### No Migrator Code

The migrator code in the CookingFire (MasterChef equivalent) contract has been removed.

### Timelock

Timelock added. The contract address is: 0x90382654A49f06647684fF1676F779296480d656\
[Transaction ID](https://bscscan.com/tx/0x89ff1dc0c18e3d49585defe84d096765863a76a72dcf923028d7ace60b4a1f2b)

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