BULLFARM is the fully deflationary and supply elastic protocol. There are no negative rebases and yet it is fully deflationary.

BULLFARM
2 min readApr 5, 2021

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How it works

BULLFARM works through a dynamic burn rate, which is applied at each Buy/Sell order. Transactions between wallets and transactions that interact with the future ecosystem are not taxed, to ensure the usability of the protocol.

BULLFARM Cycle

A full deflationary cycle which, in the beginning, will be multiple times per day, and each cycle will burn 1.275% (1.275.000 Tokens) of the total token supply.

BULLFARM Squeeze

The second half of the cycle is called the BULLFARMSqueeze. Burn rate increases and the total supply burn accelerates, leading to a fast squeeze of the supply.

BULLFARM Rebase

A positive rebase that expands supply by 50 % of the burnt tokens during the current cycle. Each cycle will still burn 1.275 % of the starting total supply but will also rebase the 50 % of burnt tokens among wallets.

Fee and Rebase System

BULLFARM works through a dynamic burn rate, which is applied at each Buy/Sell order. Transactions between wallets and transactions that interact with the future ecosystem are not taxed, to ensure the usability of the protocol.

The burn rate will change depending on the total supply traded in the current BULLFARMCycle. For every 1,000,000 $BULLFARM traded, the fee will move up one increment until it reaches the cap at 12%, which will apply after 14,000,000 $BULLFARM has been traded.

Once the cap is reached, it will automatically reset back to the lowest fee and the BULLFARMRebase is triggered. The BULLFARMRebase expands supply by 50% of the burnt tokens during the previous BULLFARMCycle. This way, early investors pay the lowest possible fee and get rewarded for holding through multiple cycles. BULLFARM Cycles will be completed faster in the beginning and will take longer to complete over time.

This is done to ensure a long-term deflationary protocol, which achieves a stable rate of deflation over time. The first BULLFARMCycle is expected to last under a few hours, meaning there will be multiple rebases a day for early adopters.

BULLFARMRebase means 50% of the tokens burned throughout the current cycle will be rebased to holders as positive rebase. By doing that, the protocol ensures only positive rebases on an otherwise fully deflationary protocol.

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