The Altruvaults Application and Altruvault Token

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 from vaults in the Altruvaults application will go into the rewards pool for the Altruvault token. This means that every token in a vault contributes to the rewards for the Altruvault token, constantly increasing the rewards for our coin holders.

Outside of that, the Altruvault token implements an automatic 12% transaction fee on every buy and normal transaction, as well as an 18% transaction fee on any sell.

Buy/Normal Transaction Fee = 12%

  • 2% is distributed to Altruvault Token holders
  • 50% of this is distributed directly into token holder wallets (1% of total)
  • 50% of this is distributed through Altruvault Token Vault rewards (1% of total)
  • 5% is distributed to Altruboost: Dynamic Auto Buy-Back + Burn
  • 1% is distributed to the Multisig Charity Wallet (used for charity donations ONLY)
  • 2% is distributed to the Multisig Marketing Wallet
  • 2% is distributed to the Multisig Development Wallet

Sell Transaction Fee = 18%

  • 8% is distributed to Altruvault Token holders
  • 50% of this is distributed directly into token holder wallets (4% of total)
  • 50% of this is distributed through Altruvault Token Vault rewards (4% of total)
  • 5% is distributed to Altruboost: Dynamic Auto Buy-Back + Burn
  • 1% is distributed to the Multisig Charity Wallet (used for charity donations ONLY)
  • 2% is distributed to the Multisig Marketing Wallet
  • 2% is distributed to the Multisig Development Wallet

The Altruvaults Application

The Altruvaults application is a DeFi-as-a-Platform product, allowing other tokens on the BSC to add staking and DeFi features to their existing project. It was developed by a fully doxed team with multi-signature wallets.

Features include:

Unlocked/Time Locked Tokens

Traditional staking allows users to put tokens into a vault in exchange for a small reward. Altruvaults has included this, as well as a time lock feature. With Altruvaults, holders can choose to lock their tokens in exchange for a reward, or as part of the vault rules, depending on what the token chooses. In the case of the Altruvault token vault on Altruvaults, users must lock their tokens for at least 15 days, but gain rewards based on their lock time.

Optional Token/BNB Redistribution/Reflection

When a project joins with their own vault, they have the option to provide redistribution/reflection, in their token, in BNB, or in both. This allows projects that originally only reflected in their own token to now also distribute BNB as rewards for holders who stake.

Optional Voting App

Whether for governance or for charity voting, Altruvaults is able to help other projects implement a voting application for their community to make decisions or participate in polls, proportional to their staking amount.

Private Vault Integration

Some projects want to have one area where their holders can find all their information. That’s why Altruvaults offers private vault integration. Our team is able to integrate your vault directly into your website, allowing holders to find information and stake all in one place. It also includes an admin panel to monitor and change the vault if needed.

DeFi Lending (Future Development)

Our long term goal is to include many more DeFi related features, including lending. You can look at our roadmap for more information.

External Tokenomics

All transactions from vaults in the Altruvaults application contribute to the rewards pool of the Altruvault and Altrucoin tokens. More details are available in our whitepaper.

The Altruism Protocol is a set of defi tokens built to bring together defi lending, token reflection, charity donations, staking, and decentralized governance.