SimianFinance

SimianFinance is a community powered token that charges a 5% fee on every trade. It works as a high-interest savings account for its holders. The core mechanics of SiFi is the 5% trading fee that is instantly redistributed among its community of holders. As the number of holders increase, these dynamics generate an ecosystem where holders can sell a portion of the revenue generated from fees to sustain a healthy living while their holdings continues to increase. The fee redistribution is compounded, meaning that larger token holdings earn a greater proportion of the fee. This way your wallet will grow bigger the longer you hold. In other words: because being a long time community member benefits the community with trust and stability, holding for a long time is rewarded. This ecosystem is the foundation of the SiFi community platform which works as a decentralized high-interest savings account for community members. The smart contract allows for a decentralized financial model where holders do not have to claim or stake for fees. All that is required is to be a SiFi community member; a token holder. The contract keeps track of where SiFi has been sent making the token a central piece in the decentralized high-interest community-savings protocol.