In the DeFi world, non-fungible tokens (NFTs) reign supreme. These digital assets are unique, and no one can replicate them, making them perfect for representing digital ownership.
The Bandit Project is a new and innovative way to get into the DeFi world. Our review will look more closely into the main features of this upcoming project.
What Is the Bandit Project?
The Bandit Project is a group of 3,000 NFTs about to join the BNB Chain. Each NFT comes to life through a random algorithm with a unique style.
NFT minting, providing liquidity, and revenue sharing are all ways BANDIT token holders may earn passive income.
Creating a Crew to Earn Passive Income
People are always looking for new and innovative ways to make money, and the crypto industry is no exception. For a good reason, earning passive income has become a popular way to earn money in the crypto world.
It's a low-risk way to make money that doesn't require much time or effort. The best part is that there are several ways to earn passive income in the industry. Consequently, you can choose the best option that suits your needs and interests.
Whether you're interested in trading, mining, staking, or simply holding onto your coins, the crypto industry can appeal to you. There's a way to earn passive income in the crypto world that's right for your needs.
The Bandit Project lets you build a team of NFTs to generate cash while you sleep. Every new NFT you add to your team will earn you 1% daily, as the team promises.
The project will reveal all the rarity levels as it sells more NFTs. This opportunity comes with possible higher daily earnings of 1.5 percent or 2 percent. Before the Bandit Project retires an NFT, it can pay out a maximum of 15,000 BANDIT tokens.
The Bandit Project aims to give its investors a way to earn passive income from NFTs without needing price floors.
Moreover, there is an internal decentralized exchange called the "Black Market," where you may purchase BANDIT coins. Remember that holding BANDIT tokens is a fundamental step to creating your crew.
The Heist Phase
Once you start producing passive revenue, you'll need to place your faith in a solid business model. The first stage in participating in the Bank Heist is to open a Laundromat contract.
The contract produces liquidity for you when you buy BANDIT from a Laundromat. This way, you won’t need to pay a 10% transaction fee to purchase tokens.
The system uses half of the BNB coins you pay to the contract to purchase BANDIT. In order to establish a BANDIT/BNB LP, the remaining funds will provide liquidity to the project.
With the Bank Heist, investors can participate in the platform's financial system. Specifically, the system will lock up their LP money (BANDIT/BNB) to collect BNB, BUSD, and BANDIT rewards from the platform's transactions.
Time-locked tiers will encourage staking by distributing coins to the Bank proportionately. The project will enable daily payouts based on the percentage of their ownership in the time-locked tiers.
After the expiration of your time lock, you have two options. You may either unstake or keep your LP tokens staked to continue receiving daily rewards.
What We Know About the BANDIT Token
The crypto world is constantly evolving, and new projects are emerging daily. In order to be successful, it's essential to have a well-balanced tokenomics design.
This means that the project must have a clear purpose and use for its tokens. The main idea behind the BANDIT token is to give all crew bosses a way to pay their team. From this premise, we can better understand the project’s tokenomics.
The Bandit Project plans to introduce the following taxes in its ecosystem:
- BUY and SELL (10% tax): 4% of the proceeds will go to rewards, 2% to liquidity, 2% to growth fund, and 2% to the Bank.
- CLAIM (10% tax): 8% of the proceeds will go to rewards, and 2% will go to the Bank.
- MINTING & NFT DEPOSITS (10% tax): 5% of the tokens will go to upline members, 3% to the reward pool, and 2% to the Bank.
- AIRDROPS & TRANSFERS (10% tax): all the proceeds will go to the reward pool.
- COMPOUNDS (5% tax): the team proposed an equal split between upline members and the reward pool.
The Token Presale
A token presale is a sale of tokens before the main launch of a project. This allows investors to buy tokens at a discounted price. Token presales often aim to raise funds for development or marketing.
The BANDIT token presale will happen on August 11th at 11 AM EST. It aims to appeal to anyone interested in becoming an early investor in this project. The minimum contribution will be 300 BUSD, with a maximum threshold per wallet at 1000 BUSD.
This presale is an opportunity for people who want to enter the DeFi world. The BANDIT token presale will allow people to buy tokens at a discounted price.
Bottom Line
Bandit is an interesting new development in the DeFi arena. With a well-balanced tokenomics design, the project aims to allow all crew leaders the ability to pay their employees.
The public pre-sale of BANDIT tokens will begin on August 11th. The funding round intends to attract everyone interested in investing in this initiative as an early investor.
The Bandit Project lets you become a part owner of the platform. When you help to provide liquidity, you share in the project's revenue. The team has a referral system that will help you passively make money. If you refer someone to the project, you will earn a commission from their earnings.
If you're interested in this project, check out the Bandit Project website and social media for more information.