HoneFi Platform

HoneFi offers several unique solutions for projects that are made on WAX blockchain:

• Dutch Auction — one of the classic variants of the auction, when the auction starts with the highest price and gradually descends.
• Balance Pool — it is a mixture of Dutch and classic auction, the distinctive feature of which is the floating current price, which depends on the current demand.

These types of auctions apply not only to NFT sales but also to tokens. Each auction can be configured to hold a token sale on the WAX blockchain.

The next HoneFi feature relates to tokens. One of the serious problems that project developers face is the difficulty of introducing tokens into the project economy. If a developer launches a token by providing liquidity — there is a threat of bots attacking to redeem that token and disturbing the balance of the system using the “pump & dump” scheme. We want to introduce some serious innovations for the WAX ecosystem that will help avoid most of the problems:

• LaunchPool. This is a very popular token distribution model that can take its place in the WAX ecosystem. We have implemented the functionality of distributing tokens fairly to those who will lock their WAXP on our platform, while receiving a deserved share of the total pool of tokens that are allocated for launchpool. This way, we will be able to solve the bot problem, and holders and active ecosystem members will be able to redeem tokens at their original prices, depending on the locked amount of WAXP on our platform.