Thread by @DeFi_RuNnEr_

💰Giveaway & Thread🚨

@Finance_Griffin has sponsored this giveaway of $50 my community. All you have to do is complete the following steps to enter!

✅Follow @Finance_Griffin & @DeFi_RuNnEr_

✅RT & Tag 2 Friends

✅Enjoy the thread!

Winner in 72 hours ⏳

2/

@Finance_Griffin

A Thread by DeFi RuNnEr🧵

Griffin is a rebase DaaS protocol on the $AVAX chain that is well and truly cementing it's place in our space.

The team are from the M.O.D Society, previously known as the Node Society and I have mad respect for them all.

3/

The native token is #GRIFFIN and the contract can be reviewed via the link below:

Contract

snowtrace.io/token/0xd08654…

DEX Screener

dexscreener.com/avalanche/0xfe…

4/

The protocol works by auto-staking held by the holder of the token. It generates rebases every 30 minutes which works out at 2.25% per day!

By the tokens being auto-staked through the smart contract, this means you won't have to claim to obtain your tokens, its automatic.

5/

The project is looking to sustain itself by utilising three deflationary methods.

1) Every transaction of #GRIFFIN will generate a token burn to lower the supply.

2) Treasury funds will buy back the token to burn them

3) NFT's purchases with the token to burn supply

6/

NFT's will be purchased using the native token which will generate a token burn through the transaction. Every buy and sell of the NFT will provide a royalty fee.

The funds obtained from the royalty fee will be used to buy back and burn the tokens! Great for stability.

7/

Sell Tax

The project started day one of launch with a 60% sell tax to reduce sell presure and create an incentive to hold.

As you can see from below the tax structure is implemented in a way which rewards long-term holders. The project wanted to avoid quick flips.

8/

Through the taxes, the funds will be sent to three different locations.

1st - Buy back wallet to promote a stable price and initiate purchases

2nd - Treasury wallet (investments) Some were made prior to launch! Step ahead!

3rd - NFT Reward Pool

4th - Marketing/Development

9/

Phase 2 of the protocol will see the release of NFT's and the autostaking buy backs which at first will be manual until stability takes place.

NFT holders will be paid out in stable coin. A percentage of the funds will also be sent to the LP of #GRIFFIN / $AVAX.

10/

NFT

As discussed the NFT's will be paid out every week in the USDC stablecoin to provide a stable passive income to holders.

There will be two tiers paying out various rewards. The NFT's can be sold on the secondary market which means investments aren't locked.

11/

The team are M.O.D society who have vast experience in passive income and general DeFi. Prior to launch they already investments their capital to sustain the project.

The team are miles ahead.

Due to the connections of the team they recieved larger rewards for investments.

12/

To sum up the team are very experienced and are community orientated. They have taken over numerous failed projects in an attempt to save communities. This project is a solid and safe investment.

There is a KYC as discussed and an audit.

I am a huge fan of the project.

13/

Thank you for reading and good luck in the giveaway!

Links

Discord - discord.gg/griffinfi

DApp - griffinfi.io

DEX - dexscreener.com/avalanche/0xfe…