Smart Contracts
Smart contracts are used to automate various functions within the platform, such as token transfers, real estate transactions, and staking. These self-executing contracts ensure secure and transparent transactions without the need for intermediaries, reducing risk and increasing efficiency.
Key Applications of Smart Contracts in Finity Network:
Token Staking: Allows users to stake a specified ERC-20 token and earn interest based on the selected staking plan. The contract supports four staking plans with varying APYs and durations. It incorporates key functionalities for staking, interest calculation, and administrative controls
Benefits:
Transparency: Rewards are distributed according to pre-defined rules visible to all stakeholders.
Efficiency: Eliminates the need for manual calculations and distributions, reducing errors.
Security: Staked tokens remain secure on the blockchain, protected by Ethereum's cryptographic infrastructure.
Presales and Token Distribution: Smart contracts enable automated presale processes, ensuring fair distribution of tokens to investors. The contracts lock funds and release tokens once pre-defined conditions are met, such as reaching funding targets or the end of a sale period.
Benefits:
Fairness: Ensures all participants adhere to the same rules.
Automation: Handles fund collection, token allocation, and vesting schedules without manual intervention.
Trust: Investors can verify the contract code and be assured of compliance with the sale terms.
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