What is the $FXC Balance Auto-Liquidity Engine (BALE)?
FXC Balance Auto-Liquidity Engine Description.
Market Liquidity is of utmost importance and plays a vital role in allowing the buy & sell of $FXC tokens on PancakeSwap.
In layman's terms, think of Liquidity as a big pool of money that is split 50/50 between $FXC tokens VS $BNB tokens. There is a conversion ratio that is set to the amount of $FXC you can get with BNB, for example, 1 BNB = 1000 $FXC. When somebody buys $FXC, the price per $FXC will go up and the ratio above will also change at the same time to account for this. The same goes in the opposite direction for sales. Liquidity allows for anybody to buy & sell their $FXC/BNB at any time, however, the less money/liquidity there is in the pool, the worse price you get so what our URF Balance Auto-Liquidity Engine (BALE) does, is add more liquidity to that pool by itself and therefore solving that issue.
Here is how the FXC Balance Auto-Liquidity Engine (BALE) works: Every 60 seconds our FXC Auto-Liquidity Engine (BALE) will inject automatic liquidity into the market. On each buy or sell order there is a 6% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol's smart contract is the mechanism that smartly takes the 50% of the amount of $FXC stored in the wallet, and will automatically buy BNB at the current market price.
The remaining 50% of $FXC in the Auto-LP wallet will be used for the $FXC side of liquidity, therefore giving an equal a 50/50 weighting of FXC/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool. The BALE will do this in 60 seconds by adding more and more liquidity to the pool which will allow $FXC token holders to easily sell their tokens at any time with little to no market slippage. It will also aid in maintaining protocol stability to make sure the APY is upheld for the entire life of $FXC.