How to use Vanilla Token in dApps
The vanilla Network is a deflationary ERC-20 token with decentralized finance at the heart of its ecosystem, driven by blockchain technology. The main aim of this project is to gain some award-winning staking and decentralized applications (dApps) that appeal to all betting enthusiasts and those seeking rewards for long-term participation.
How do Transactions happen in our DApps?
Every transaction performed on the vanilla network incurs a 5% burn fee that helps to reduce the supply and combats inflation. The transaction can be anything from a simple token purchase to a token exchange. There is a special feature that makes the 50% of the burn (i.e 50% of 5% = 2.5%) fee to get returned to the stakeholders in our main vanilla staking option pool. These are gifts to them like rewards on which no burn fee exists as they are required to incentivize the stakeholders for remaining in the pool. This burn fee and reward help in reducing the supply by keeping the stakeholders satisfied simultaneously.
Vanilla + Matic = Voila!!!
The Vanilla network has partnered with the Matic network to help produce and scale our novel betting dApp, head-to-head bets, which is essentially a peer-to-peer betting exchange. The main barrier to entry for decentralized protocols to succeed is the speed and costs involved in transactions on the Ethereum Blockchain. The Matic network uses the Layer-2 solutions, which enables Vanilla Network to offer gas-free transactions to its users at a high transaction output.
Visit https://vanilla.network/ to know more!
Vanilla staking guide: https://www.vanilla.network/assets/files/VNLA_STAKING_GUIDE.pdf
Don’t forget to join our official Telegram channel: https://t.me/Vanillafinance