❓F.A.Q

Frequently Asked Questions

1. What Makes PAYC FINANCE Special and Different from other DeFi Projects?

PAYC is a new protocol that attempts to create a new decentralized model in DeFi. The TAP protocol places the value the project generates into the wallets of PAYC holders rather than building a large treasury. This approach provides value immediately for token holders and creates an engaged community interested in seeing the project continue to thrive. Our goal is to leverage the community as one cohesive and focused unit to build wealth and power for the community. This is a new concept in DeFi and we believe it will set a new standard or the industry. Currently it has made PAYC one of the hottest projects in the DeFi space.

2. How does the Rebase work?

The Rebase operation allows tokens to work in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called rebasing. PAYC uses a Positive Rebase formula which increases the $PAYC supply of each holder.

3. How to Stake

PAYC has created an innovative AutoStaking token which provides users a simpler way to receive staking rewards. Simply hold $PAYC in your wallet and you will automatically receive staking rewards.

4. How do I get my Rebase rewards?

The Rebase rewards, in simple terms, are the staking rewards. You are entitled to receive Rebase Rewards just by holding $PAYC in your wallet.

5. Where can I buy $PAYC tokens?

The $PAYC token is available on pancakeswap after presale.

6. What is the slippage for the trade?

1. There are two different Slippages which can be used for trading $PAYC:

2. When you wish to buy, you will need to put the slippage at least at 11%.

3. When you wish to sell, you will need to put the slippage at least at 18%.

You might need to add higher slippage during times when there are lots of buys and sells of PAYC but you should only ever incur the same buy and sell fees as mentioned above.

7. Is there a Max Supply of $PAYC?

$PAYC Finance is a BEP-20 token which rewards its holders with automatic passive interest payments every 15 minutes and 1 hour for BUSD Reflection over the lifespan of 13.5 years until the maximum supply of 3.25 Billion tokens has been reached.

8. When does the Rebase occur?

The Rebase occurs every 15 minutes and it distributes a % of the tokens in your wallet as staking rewards to $PAYC holders. In order to track the next Rebase, a holder can check the timer on the PAYC staking dashboard.

9. How is the APY Sustained?

PAYC uses buy and sell taxes in order to sustain its fixed (static) APY. This means we will never lower or raise the APY of the project. When users buy PAYC, 11% of their purchase goes towards the protocol, when they sell, 18% goes to the protocol as well. This is one of the main ways we achieve and sustain the APY, thus the reason why you need to pay this tax. We also have other utilities like PAYC lottery, which takes pressure off the APY. More features are in the work to help sustain the project by lowering inflation and creating additional revenue for the project.

10. Is PAYC Finance Audited and KYC?

Yes, PAYC has been audited. See Audit & KYC.

11. What will we do with the Treasury?

The treasury functions as an additional financial support for the RFV. This additional support can become important in the event of an extreme price drop off of the $PAYC token. The treasury is also used to fund new PAYC products, services, and projects that will expand and build up the TAP use cases and the PAYC economy.

12. PAYC’s Utility Plans?

We plan on expanding the PAYC ecosystem by adding new features and partnerships along the way. One new feature, PAYC Lottery, has been introduced already. Allowing users to enter their tokens for a risk free chance of winning big jackpots. Other features coming soon include the PAYC NFT’s, Mobile App, Cross-chain, Merchandise, and so much more. To execute our vision, we need lots of utilities, so our agenda is not to try and build everything in-house but also to engage in partnerships allowing us to create lots of utilities fast.

13. Slippage vs Tax?

As you know already, PAYC has a 11% and 18% fee for buying and selling. However, when attempting to buy or sell through an exchange, the fees, or slippage, may be higher. This is because that although PAYC only charges a flat fixed fee, the exchange also requires a fee. The slippage accommodates the price movement due to the level of liquidity in the pool. The exchange will always get a fixed percentage of the price paid. When the price movement is higher, the amount paid to the exchange may increase.

14. How to show the BUSD reflection?

The PDF serves as an up to 9% BUSD Reflection to achieve most profitable, stability and longterm sustainability of the PAYC Finance Protocol by maintaining a consistent 0.02355% rebase rate paid to all $PAYC Finance token holders.

PDF/BUSD Distributor Address : 0x57461a093c0899d24041b04f6bf42259f1811b60

In order for your BUSD balance to be displayed, import the following token into your Metamask wallet:

BUSD address: 0xe9e7cea3dedca5984780bafc599bd69add087d56