New Features, Better Rewards
Our portfolio tracker is finally here on TrackBSC.com! You can now see the accurate DEX value of all the tokens in your wallet and easily see how much RFI you have earned on any tokens you hold with native RFI rewards. This is a huge milestone for O1T but we are still in the early stages of our journey. We have made a big update to our rewards tokenomics which will be mentioned in this article and further discussed in our next Medium article.
TrackBSC latest updates:
Most notably, the portfolio tracker release dominated the spotlight on this latest update, however we’ve also added a landing page (homepage) which gives an overview of the key features and benefits of the app as well as information about O1T and how it is the token that powers TrackBSC. We have also given TrackBSC.com a new logo and further optimized the site for mobile users.
The portfolio tracker was further complimented by the implementation of a new feature; Clicking on a token in your portfolio will take you to that tokens info page which displays RFI earnings and other token information and links to PooCoin Charts and BscScan. This new feature will facilitate a more user-friendly navigation through your portfolio and their respective reflection rewards rather than having to search each token manually. Additional features such as viewing the portfolio of other wallet’s can be unlocked by holding $60 worth of BNB-O1T LP tokens. This premium feature allows users to easily check what other wallets are investing in and the liquidity adjusted value of each of their holdings.
Reporting Scam Tokens:
There has been a recent trend of spam/scam tokens which are airdropped to many wallets and the value of the airdropped tokens appear to be up to tens of thousands of dollars. These scam tokens often have a website url in the name so victims will visit the site and try to sell or “unlock” the tokens. When interacting with these scam websites, the scammers are able to access your wallet and steal everything in it. The secondary issue is that this will mess up your portfolio balance on trackbsc.com and our goal is to allow users to eventually hide these tokens from showing up in their portfolio. For now, we have added a Report link which directs you to a google form where you can submit the name and contract address of any suspicious token and we can review and blacklist the tokens manually.
The world of crypto evolves at an incredibly fast pace and we aim to innovate and add features which compliment new trends and disruptive advances within this space. One feature which many new projects are implementing is hold-to-earn dividend rewards in non-native tokens. We are already working on tracking these dividend rewards within the token info pages to effectively create a single dashboard where you can view all your reflection and dividend token earnings. Additionally, we’re also working on including liquidity pool (LP) tokens tracking and their liquidity-adjusted value within the portfolio. This means having all RFI rewards, dividend token rewards and LP token values in one place for the first time ever!
LP REWARDS increase:
As of August 24, the hold-to-farm rewards that LP providers are earning has doubled from 2.5% of every buy/sell to 5% of every buy/sell. LP providers have access to all premium features of TrackBSC.com and now are earning from the PancakeSwap fees, 4.9% RFI rewards AND 5% LP rewards. Nearly 25% of the supply of O1T is held in the token contract and all of it is for LP provider rewards.
To give an example of what you can expect to earn from providing LP, here is a breakdown of the rewards earned in the last 3 months:
100 days since the launch of O1T on PancakeSwap V2
0.033 O1T (≈$20,000 at current price of O1T) has been paid in rewards to LP holders.
$20k / 100 = $200 per day
Now that we have doubled the rewards, if the average volume of the next 100 days is roughly the same as the last 100 days, we can expect $400 a day to be paid to liquidity providers. If you hold 1% of the Liquidity pools LP tokens (at the moment this would cost about 1.23 BNB and 0.000628266 O1T) you could expect to earn $4 a day in O1T just from LP rewards. This would mean $120 a month assuming the price remained around $1M and if the price were to go to $2M, this would mean you are earning $240 of O1T a month in addition to PancakeSwap fees and RFI rewards. At this price, that would be a yearly earning of $2,880 or an Annual Percentage Yield (APY) of over 200%.
TrackBSC.com Near Term Roadmap (features to be added):
- LP tokens
- Option to hide/show tokens (avoid scam airdrops from messing up your portfolio balance)
- LP tokens held of specific token
- Market Cap
- Supply (total, burnt, circulating)
- Number of holders
- Percent held of circulating supply
- Dividend token rewards
TrackBSC.com Long Term Goals:
Our vision for TrackBSC.com is for it to become a DeFi information hub where anyone can check their portfolio, find unique information and stats about their holdings, track rewards and liquidity value, easily navigate to charts and other important token info websites and discover new tokens. In essence, we are building a web3 version of CoinMarketCap or CoinGecko, where all the important info that you care about is at your fingertips as soon as it becomes available on the blockchain. Some additions we are looking to add to TrackBSC.com in the future are:
- Expand to additional exchanges and show your value based on the exchange that you can sell for the most while accounting for liquidity
- Offer official token listings/partnerships to make it easier to discover new tokens
- Explore page with trending, promoted tokens and other ways to discover new tokens.
- Additional token data on token info pages