Note: This reflects the whitepaper as of June 16, 2021. As changes are made and the project evolves, you can view the changes on our live whitepaper
The Altruism Protocol (Altrucoin) is a community-driven, automatic yield-generating token created on the Binance Smart Chain. The protocol was designed to produce decentralized charitable donations and to provide a safe, appreciating store of value for token holders with strong incentives for long-term investment and a clear use case.
Altrucoin implements many cutting-edge cryptocurrency mechanisms such as frictionless yield generation through reflection, automatic liquidity pooling, deflationary tokenomics, and more. …
One of the main things that we get asked about is how Altrucoin and Altruvaults work together. Many holders have been worried that there is a split, and now Altrucoin will somehow become irrelevant or inferior to the Altruvault token. This is not the case, and the team knows that the two tokens will work hand in hand to strengthen each other.
In the first part of this, we will look at how Altrucoin and Altruvault work with each other. …
First off, we would like to inform everyone that this is not a security issue. All tokens are safe in all versions of our vaults and we will be compensating all users who staked in Altrucoin V2 (even for just a day) with 110% of entry and exit fees. The bug described in this article only relates to time locking bonus calculations.
Altrucoin recently released staking version 2, and now we are moving to version 2.1. The team said that the next update wouldn’t be anytime soon and it would be a while before users were forced to move unless…
Altrucoin staking is being updated, with version two coming out Thursday July 29th at 2pm CST. This is going to be a major update, so we wanted to make sure everybody knows how the transition will happen.
Firstly, staking v2 will be a part of Altruvaults. Altruvaults is the DeFi-as-a-Platform product that we created, which allows token on the Binance Smart Chain to add features such as staking. We did this because as we developed the features of v2, we realized that other tokens could benefit from this as well.
First, let’s define some of the important components that will be used in this article:
Altrucoin Token: Altrucoin is a token on the Binance Smart Chain (BSC), launched as part of the Altruism Protocol. It can be found at 0xeDAF1F5B8078d4feb4E13c8d5A2c8dE1365be7b6
Altruvault Token: The Altruvault token is the native token used to power the Altruvaults application.
Altruvaults App: The Altruvaults application is a DeFi-as-a-Service platform that can add features such as staking to any BSC token.
Staking v2: Staking as a feature was originally released directly on the Altrucoin token in July 2021. Since then, several features have been added (explained…
Altruvaults is being launched for pre-sale on Wednesday July 28th, so we wanted to go over what the Altruvaults application is, what the Altruvault token is, and how the system works. Altruvaults is a DeFi-as-a-Platform product, designed to add features such as staking and DeFi lending to any token on the Binance Smart Chain. The Altruvault token is the native token of the Altruvaults application and includes dynamic buy-back, redistribution, governance voting, and charitable donations.
Altruvault Token Tokenomics
Since the Altruvault token is the native token of the Altruvaults application, it has some unique features. A portion of every transaction…
This week and next week are focused on the staking improvements. While we always have several things happening at the same time, the whole team is setting up for the V2 of staking, as decided by community vote. Below is a recap of some of the major updates from week six:
Staking V2 Development
We were super excited to reveal staking V1, and it generated a lot of buzz! It was a massive success with over 100 trillion Altrucoin being staked in the first 24 hours, and the APY soaring past 50,000%. …
This week was primarily focused on the new staking feature. While we always have several things happening at the same time, the whole team was dedicated to getting staking out and working. Below is a recap of some of the major updates from week five:
Staking V1 Release
We’ve had it on the roadmap, and are glad to finally show everybody! The staking feature has been released at app.altrucoin.io/vault. It was a massive success with over 100 trillion Altrucoin being staked in the first 24 hours, and the APY soaring past 50,000%. …
Altrucoin released the new staking feature on July 9, 2021. If you missed our AMA and video, or if you just have more questions, this article is for you. Here we will go through the details of how the staking feature works, as well as possible expansions that we planned for.
The new feature can be found at https://app.altrucoin.io/vault
To use staking, you must have both Altrucoin tokens, as well as BNB. The Altrucoin will be the token that is used for staking, and the BNB will be used for gas fees to move the tokens. …
We finished the fourth week since launch at Altrucoin. While the dip in the crypto market continues to affect everybody, we are excited for the developments in the project. We continue to use the time to prepare for the surges going forward and to develop features in the project. Below is a recap of some of the major updates from week four: