Deep DEFI Dive with Narath
Narath Fundamentals:
Narath is a SmartBCH token which was created by TheEmpress on 12/16/2021, at 12:29:30 PM as the second token of the Konra Kingdom.
The name Narath means Wisdom - Authority - Record; the name symbolizes that you gain authority with being known of having wisdom.
This shows it's main use case of improving the world's knowledge about SmartBCH.
Contract Address:
0x0cb20466c0dd6454acf50ec26f3042ccc6362fa0
MarketCap Cash Link:
https://www.marketcap.cash/token/NARATH
TuxPaper SmartBCH Address Scanner Link:
https://smartbch.tuxpaper.nu/TokenTransferScanner/?c=0x0cb20466c0dd6454acf50ec26f3042ccc6362fa0
Like all Kingdom tokens it's main wallet will have a .bch domain linked to it and will have a future mini website to give all relevant information about it to community members.
Narath Token Supply:
Total Supply is currently 299,621,550,000 (299.6 Billion)
It is deflationary; meaning the supply is gradually decreased through token burns.
Narath TimeLocks:
Five time locks encompass 2/3rds of the supply. That means 200 Billion Narath are locked up at BenSwap. They will be released over 5 years.
60 Billion to be unlocked on Dec 16th, 2022: https://benswap.cash/benlock?lock=0x382a93DE3951a85e57b56bFD434D3A10716cef6D
50 Billion to be released on Dec 16th, 2023 : https://benswap.cash/benlock?lock=0xB8Df8F65661C2b3B22BfACd9595775C227AaE59E
40 Billion getting unlocked on Dec 16th, 2024:https://benswap.cash/benlock?lock=0xD1ee7b66512A31754B8b9947A8F0aD2A452A7e01
30 Billion becoming available on Dec 16th, 2025: https://benswap.cash/benlock?lock=0x79C4A8D4Ed509A40d69D8b869F085192E31EaA6a
20 Billion only being accessible on Dec 16th, 2026: https://benswap.cash/benlock?lock=0x12b152371742C4D1a957510e7dae8eA4E4F68c40
All Narath released from these time locks will get transferred to the main Narath wallet. The timelocks were set up before the Konra & Narath wallets were seperated.
Narath has one of the most long term, carefully planned out and comprehensive token release schedules of any SmartBCH token. This staggering release of locked tokens helps show the Project's dedication to long term development.
Tokenomics:
The Empress's DEV allocation of Narath is at most going to be 5 %, which will either be gradually released and / or locked in a multi year time lock; while the rest of the future team will get no more than an additional 6% split between them.
The rest of the Narath supply will get distributed in a decentralized manner to the community. For instance the large amount of Narath available each year will all be placed into liquidity, given out in airdrops, given as bounties for completing tasks and rewarded in farms and staking or placed into CatsLuck Betting pool to be won by community members.
At least 80% - 85% of all Narath will end up decentralized or in Liquidity and the rest will either used for vital development work (for instance Newbie Guides or transition) or is locked up or will get locked up.
Furthermore as the project matures Narath will get bought back by the project and earned via providing resources and services. These Narath will end up re-issued as bounties, farm rewards and to continue the Million Wallet Campaign.
Narath does have token burning, but it's still a very slow burn due to needing to boost liquidity and distribute more Narath to the community first.
Narath Market Performance:
MarketCap Cash Listing of Narath: https://www.marketcap.cash/token/NARATH
In the last several months Narath has increased in Market Value as pegged to BCH. The upward movement in May has been nothing short of amazing given the current market situation in the overall Crypto Ecosystem.
Chart of Narath on Market Cap Cash
Use Cases of Narath:
- Farming:
Multiple pairs are pegged to Narath and Narath can be harvested too. This is slowly making Narath as desirable as any good DEX token. See more detail in the farming section.
- CatsLuck Gaming:
You can bet with your Narath at: https://catsluck.com/pool/token/?c=NARATH
35 Billion Narath are sitting in the prize pool waiting to be won.
- Adoption of SmartBCH:
The multi-stage Million Wallet AirDrop boosts adoption of SmartBCH
Millions of Narath are dropped to participants of these drops.
Several airdrops will be held each year.
Million Wallet AirDrop
Goal: To distribute a million Narath to tens of thousands of Wallets, thus slowly increasing use and growth of SmartBCH.
Million AirDrop Wallet: 0x1d20f7840ae5F4c3Fa6cf18EB50B067D97C12E68
Around 440 Community members received 1000003 Narath in the first Million Wallet Airdrop in the Spring of 2022. They were chosen from over 1600 people who replied to the airdrop thread on Twitter one of the most prolific AirDrop Threads in SmartBCH history.
Wallet Detail from Token Scanner showing the scope of this airdrop!
https://smartbch.tuxpaper.nu/TokenTransferScanner/?c=0x1d20f7840ae5F4c3Fa6cf18EB50B067D97C12E68
Another airdrop was held on May 30th for all holders of Mist Token; this time 5 Million Narath was given to everyone.
These were just the first two of many airdrops from Narath.
The amount of Narath given in these drops is small because it's a long term strategy to encourage collaboration while simultaneously fully decentralizing the Narath supply. As Narath becomes more scarce and more valuable these million Narath will gain in value. We show that we value Narath so much that often we're spending more in Transaction fees than the few Million Narath are worth when they're being sent.
It's supposed to encourage the community to work together to raise Narath to the moon together, so that everyone's airdrop increases in value.
Just think of it, if Narath ever becomes worth a dollar, then everyone who holds these airdrop is an actual Millionaire!
How is that for a moon shot?
Newbie Resources:
Narath will be the major token to support creation of Newbie resources for SmartBCH and to encourage community members who are skilled to help guide newbies in various cool things to orientate themselves through the SmartBCH ecosystem.
Other Use Cases:
There are other planned use cases for Narath once we develop the project further . NFT's, Business Development, Transition and so much more.
Trading & Liquidity:
It's very easy to trade Narath, but as a developing project liquidity is still being grown organically by our small but growing community.
Trading:
You can trade Narath at MistSwap, BenSwap, TangoSwap (etc)
Analytics and Trading Links given below.
BCH - Narath (MistSwap) : https://analytics.mistswap.fi/pairs/0x96a47656e7c7758a69b6db74dafecd386484b9e6
BCH - Narath (BenSwap) :
https://info.benswap.cash/pair/0xcdb6d85e7fbf9468c755b5de629c11426a49cddb
BCH - Narath (TangoSwap)
Liquidity:
Five to Six BCH worth of Liquidity is available. This isn't too much, nor too little for the size of our community as we hope to grow liquidity over time.
BCH Liquidity is around 1900 Dollars, depending on Market Conditions.
Periodically Liquidity which has been put into primary trading pairs gets locked.
Narath Liquidity at a glance Tuxpaper SmartBCH Address Scanner, May 27th, 2022
Farming Narath:
There are multiple places to Farm your Narath; making Narath a DEFI power token which can be used to harvest and increase your holdings of multiple other tokens.
Even this early in the project this includes but is not limited to Konra, Rastjn, Eben, Tango and more Narath. There has been many historical farms and sprinklers that rewarded holders of Narath and we hope to greatly increase the amount of Farms and staking for Narath over time as the project matures.
BenSwap Ranch: Konra - BCH > Harvesting Narath
https://benswap.cash/ranches?ranch=0x78cC769D8961CD09D891cAAD67ae25BCfC23Ffc6
511% APR
2400 Narath per Block
Long Term Ranch: Will be refilled at least until the end of 2022
BenSwap Ranch: Narath - BCH > Harvesting Narath
https://benswap.cash/ranches?ranch=0xD68ab9db2993da17146B06bd0fC4428aBBE6196A
448 % APR
2400 Narath per Block
Long Term Ranch: Will be refilled at least for the rest of 2022
BenSwap Ranch: Narath - Konra > Harvesting Konra
https://benswap.cash/ranches?ranch=0x01711E7483fE4bA8780Daed5DB21d97Ed826bb85
381% APR
0.000021 KONRA per Block
Long Term Ranch: Will be refilled at least for the rest of 2022
Kingdom Ranches as of May 27th, 2022 (on BenSwap)
BenSwap Ranch: Narath - Rastjn > Harvesting EBEN
https://benswap.cash/ranches?ranch=0xf4035Aec7f5d7665E4C8A00d6c25c97aB1C76C31
688% APR
0.00034 EBEN per block
One More Refill, unless Community helps fill it.
Another Ranch will be introduced for the same pair.
BenSwap Ranch: Narath - Konra > Harvesting Rastjn
https://benswap.cash/ranches?ranch=0x7696e57846087C05f2f5E4C5233c70a4AB4E79bb
166% APR
0.005 Rastjn per block
Long Term Farm
BenSwap Ranch: Narath - Cats > Harvesting Rastjn
https://benswap.cash/ranches?ranch=0xFC755625fDccbcD464d722A25FaC491bF90583dc
1051% APR
0.005 Rastjn per Block
Long term Farm; it will be refilled multiple times in 2022.
This farm has had it's ownership renounced to test out decentralization
BenSwap Ranch:
Narath - EBEN
Harvesting Rastjn
https://benswap.cash/ranches?ranch=0x2275C301b8708F003Ad05618ff25f9373Feb46E5
942 % APR
0.005 Rastjn per Block
Long Term Farm; will get refilled multiple times in 2022.
TangoSwap 2X Farms:
Narath - BCH > harvesting Narath & Tango
Go to https://tangoswap.cash/farm?filter=2x
Then scroll down until you see the Narath Farm.
229% APR one of the highest on TangoSwap.
This is just the beginning of Farming & Ranching for Narath:
This is just the beginning of our farming and ranching we will make available to our community members.
Multiple Billions of Narath are allocated for farming and ranching. Multiple trading pairs are paired with Narath to increase demand for the token over time.
The slow growing of Ranches and farms make sure that community members can get empowered by Narath for years to come and that the market doesn't get too much sell pressure at any one time.
Auto Staking:
Narath is also Auto - Stakable.
Simply hold more than 100 Million Narath in your wallet to qualify for multiple manual distributions; of Rastjn, occasionally Konra, occasionally more Narath and even other tokens in the future.
I have to wrap this article up now that I've included many different cool things about Narath in it for everyone. It's my hope that now you can see just how special Narath is among Crypto tokens. While sligh
So much knowledge in an article. It felt like a book ... a really good one!