💵FP BANK – what is it?

• You lock FP (for any period from 1 day to 4 years) in FP bank to receive xFP token as a receipt. The longer you block, the more $FP you will receive. The conversion ratio in case of blocking FP to xFP for 4 years will be 1:1.

• By simply holding xFP, you earn daily BUSD rewards of 4% FP trading volume plus 1.16% FP interest (automatic increase to 6,633.17% per annum for you). If you block the amount for 4 years, you will receive it back after 60 days.

• BUSD rewards are calculated based on your percentage of the total xFP in circulation. This percentage gives you proportional access to funds accumulated from a pool raised with 4% of FP trading volume accumulated from the purchase and sale tax. xFP holders will have the right to vote in the FP DAO governance on important factors such as changing the transaction tax.

You can unlock xFP ahead of time, but in this case, 80% of your locked FP will be burned.

2. How does FP Bank help the FP system in the long run?

And how does FP Bank keep the value of FP sustainable over the long term?

The more people pegging their FP to xFP, the fewer FP tokens are in circulation. The price of a token depends on supply and demand. So xFP will help reduce supply and increase demand for FP as new investors will have to buy from the limited supply in circulation. This will support the price of FP in the long run.

The more FPs are blocked, the less new FPs are printed. This is because when you link your FP to xFP, you earn BUSD from 4% of FP transaction volume and about 1.16% of FP rewards every day, which is 6,633.17% per year. If you do not lock your FP, you will receive 2.5% reward every day. So, for all blocked xFPs, 50% less FP is printed, which means less inflation.

xFP is a way for FP holders to earn BUSD rewards. Holders do not need to sell their FP to lock in profits. And if they sell, they will sell less to realize their profit when added to their accumulated BUSD.

Many people will value their income in BUSD because it gives a sense of safety. Since this currency is pegged to the US dollar. Rewarding BUSD in this market makes FP more attractive to potential buyers, increasing buying pressure and reducing selling pressure, which is very important for a long-term project.

To sum it up: as you could see, locking your FP in the FP bank not only benefits you (refundable within 60 days), but all FP holders as well, providing longevity for everyone who logs into the system.

3. Locking mechanism:

Blocking period will vary from 1 week to 4 years. The main idea is that the longer you block, the more xFP you will have. You can only keep or increase the blocking time, but you cannot decrease the blocking time.

Therefore, before you want to lock your FP, you should consider how long you will tie your FP to this feature.

You also have to decide what percentage of your FP will be used to lock xFP for passive income in FP and BUSD.

Once you've calculated the percentage, and for example, let's say we lock up 30% of our total FP, you have to decide how long you'll lock your 30% FP for xFP.

If you lock FP for 4 years, your exchange of FP for x FP will be 1 FP equal to 1 xFP. If you lock your FP for 1 year, which is 365 days, then 1 FP = 365 / (365*4) = 0.25 xFP

You can increase your blocking at any time to get more xFP.

4. How to calculate daily BUSD rewards?

There are 2 factors to consider here.

The first factor is daily volume.

The second factor is your share as a percentage of the total blocked xFP.

If the daily volume is high, but the amount of xFPs locked is also high, your rewards may be lower than on other days, but during that time you will still receive the daily FP paid rewards of 1.16%.

If the daily volume is high and the number of blocked xFPs is low, you may have a larger percentage of the total xFP.

You will receive a large share of the rewards and also continue to receive daily payouts of 1.16% FP.

FP Bank wallet address:

xFP token address: