Benefits of Inddais Token

Understanding Cryptocurrencies

Cryptocurrencies are digital or virtual currencies underpinned by cryptographic systems. They enable secure online payments without the use of third-party intermediaries. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.

Cryptocurrencies can be mined or purchased from cryptocurrency exchanges. Not all ecommerce sites allow purchases using cryptocurrencies. In fact, cryptocurrencies, even popular ones like Bitcoin, are hardly used for retail transactions. However, the skyrocketing value of cryptocurrencies has made them popular as trading instruments. To a limited extent, they are also used for cross-border transfers.

Blockchain

Central to the appeal and functionality of Bitcoin and other cryptocurrencies is blockchain technology. As its name indicates, blockchain is essentially a set of connected blocks or an online ledger. Each block contains a set of transactions that have been independently verified by each member of the network. Every new block generated must be verified by each node before being confirmed, making it almost impossible to forge transaction histories.1 The contents of the online ledger must be agreed upon by the entire network of an individual node, or computer maintaining a copy of the ledger.

Experts say that blockchain technology can serve multiple industries, such as supply chain, and processes such as online voting and crowdfunding. Financial institutions such as JPMorgan Chase & Co. (JPM) are testing the use of blockchain technology to lower transaction costs by streamlining payment processing.2

Cryptocurrency is a great passive income asset to add to any portfolio that gives you exposure to crypto, without totally gambling. By mining, you will actually own assets that will be worth something. Cryptocurrency mining is painstaking, costly, and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors who are interested in cryptocurrency because of the fact that miners receive rewards for their work with crypto tokens. crypto mining has become a frenzy business model these days. From bigger brands to just-born firms, new mining farms pop up every day. But operating Crypto Mining farms is not every investor’s cup of tea. There are numerous mining projects offering their stakes to raise funds to upgrade their mining farm and in return, they are offering a decent amount of regular income to investors obtained from farms. Inddais propose a new crypto token that will suffice the interests of long-term crypto investors and seasonal investors who seek regular dividend payments.

What is Inddais?

Inddais Mining Farms are a world-class infrastructure along with dedicated expert management crew with ample experience in monitoring, heat management, algo steering, maintenance and other significant tasks needed to handle high performing mining farms.

Inddais have deployed a decentralized crypto vault where we transfer 40% of the total daily mining output besides the yielding farm where users can seed their tokens and receive their share of the vault balance. Simply put, buying and seeding Inddais token is more like owning mining or a farm minus the complexities of running it efficiently. Inddais token in the first place to raise the required capital and increase the size of our mining farms.

What is Inddais token?

Inddais offers first of its kind blockchain-powered investment opportunity that combines a time-based yielding farm and liquidity-locked vault in an utmost transparent workflow. Inddais also acts as a payable token INIS with its implementation of ERC-1363 standards alongside ERC-20 fundamentals. The direct BNB yielding vault delivers fascinating returns on your Inddais token investment for as long as the tokens stay seeded on our yielding farm.

The BNB balance of the vault keeps growing constantly, with auto credits directly linked to our mining outputs. Our innovative farming mechanism determines the returns per token based on the set mathematical parameters. The calculated yield based on the total number of tokens seeded by the user is available for withdrawal anytime and updated every second as soon as a season starts. The yield update on the farm happens every second. Users can choose to withdraw full or a part of their token seeds anytime they wish.

The function and transparency of Inddais token are based on the mathematical principles, blockchain technology, and smart contracts on the BNB smart chain network. Our high-experience staff, technology-driven smart crypto farms, and contributing community members offer the best level of support to ensure a simplified, secure and safe process of understanding and taking part in our decentralized platform.

Inddais tokens are available for purchase on the official website. Inddais utilise the funds amassed from the initial sales of the tokens to install additional crypto mining devices in existing farms in Asia and Europe.

Benefits of Inddais Token

• Placed over BNB Chain — INIS is bound by BEP-20 standards and exists within the BNB chain which is known for its scalability, rapidity, and security.
• Transparency — The underlying smart contracts stores all the state-changing transactions with no exception to ensure transparent tokenomics.
• Inbuilt Selling Facility — You can instantly exchange a part of your tokens for BNB coin
• Futuristic Implementation — The incentivized burn function and upper capped mint function will enable us to steer through the inflation or deflation efficiently.
• Locked Liquidity — Limited access to funds in the dividend vault contract to the yielding farm seeds to ensure fair profit distribution.
• Simplified Yielding Farm — Profits from the yielding farm are directly proportionate to the growing vault balance, number of tokens seeded, and the duration.
• Token Name: Inddais
• Token Ticker: INIS
• Total Supply: 60 Million
• Network: Binance Smart Chain

How does it work?

The farm and vault contracts supplement the Inddais token where token holders are required to seed their tokens in the farm in order to receive their share of the profits stored in the vault.

Dividend Vault — The Inddais Dividend Vault (dINIS) contract is where transfer the income generated from our business activities and which is further distributed among the INIS token holders

Total Supply & Limitations — The total supply of the native token (dINIS) of the vault contract is one hundred tokens (100 tokens), which denotes the total percentage used while calculating the user’s share on the BNB balance of the vault. There can only be two holders of the dINIS token, one is the Owner, and the other is the Farm. The owner transfers all the dINIS tokens to the Farm prior to Season Start

Dividend Payments- Whenever the contract receives a transfer request from the Farm, it multiplies the number of dINIS requested with the contract’s BNB balance and divides it with the total dINIS balance of the Farm. The contract then transfers the BNB amount arrived based on this calculation to the Farm. The ultimate beneficiary of the transfer from the vault is the Inddais user who had seeded his/her tokens in the Farm and requested to harvest the Yield.

Dividend Payment = (Vault’s BNB balance X requested dINIS tokens) / dINIS balance of the Farm

Seeding & Harvesting — A user deposits (seeds) INIS token on the farm to receive the dividend vault token (dINIS) as a bonus (yield). The vault contract calculates the equivalent BNB value of the dINIS yield based on the set dividend payment formula and transfers BNB when a user makes a yield withdrawal request (harvest) from the Farm. The number of INIS tokens seeded by the user, the total seeds made by all INIS users, and token seed duration (calculated in seconds) in the farm is the factors that are used to calculate the net yield of a user

Conclusion

The Inddais token is the very foundation of the INIS ecosystem loaded with first-in-class features like maximum decentralization, transparency, immune to inflation or deflation, simple to handle, profit, and even liquidated easily when in need. The following are the set of rules that control the way Inddais token work.

Read More Here

Website: https://inddais.com/

Twitter: https://twitter.com/inddais

Telegram: https://t.me/inddais

• AUTHOR: oladirano23

PROOF OF AUTHENTICATION: https://bitcointalk.org/index.php?topic=5408136.msg60736167#msg60736167

Bitcoin username: oladirano23

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Telegram username: @oladirano23