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What is LovesSwap (LOVES) token?

By Natalie Wu | October 15, 2021

LovesSwap — is a unique love DeFi project which is a special extra layer, which is working in parallel with AmorSwap. It was launched with a fair launch too.

Own and hold all 3 tokens — get the highest profit in our yield farming system.

The main purpose — is to combine all our 3 tokens in one yield farming project with mostly native farms and high APRS. 9% tax, 6% is used to buy back ?EROS and ?AMOR(which basically means their price will grow), afterward they are sent to the Mega pools. 3% of tax is used for the auto buyback system.

The number of possible farmed Loves tokens is limited, in addition, there is auto buy-back which burns tokens FOREVER. Strong security features: migration code deleted, implemented time lock on liquidity.

Same as in all our projects, you could get a good amount of extra tokens through our referral system, which allows you to get 3% from every harvest of your referral.

Tokenomics

Symbol: LOVES

Decimal: 18

Contract: 0xCccf11ECBe24Ab164b902fF2a65434cD86465E97

Chain: Binance Smart Chain (BEP-20)

Initial Supply: 600 000

Total Supply LIMITED — actual amount will be announced in the future

Important — the development team owns 9.09% of Emission.

Fees

Farms/pools

4% unstake fee — all funds are used for the development needs for our own AMM — Coinsbacker.

❗️ Deposit fee = 0%

Important — there is NO deposit fee and NO unstake fee for the AMOR, EROS and LOVES farms(and pools).

Transactions

9% transaction fee — 6% is used to buy back EROS and AMOR(they are sent to the mega pools) and 3% is used for the auto buyback system.​

Please keep in mind — The maximum unstake fee that could be in the future is 5% (based on the code of the smart contract).

Auto Buy-Back

This system was developed to burn Loves and stimulate the price of our token. This system is fully automated and inserted in the smart contract of our token, in this way developers do not have any access to this system and the funds in it. Admins can’t use or move these funds. More transactions = more burning = less supply = more demand.

How does Auto Buy-Back actually work?

The funds for this feature come from the transaction fees — 3%. All these fees are automatically collected through a contract of a token and converted into BNB. All funds are located in the smart contract of the Loves token. After the number of collected funds in BNB reaches a certain amount — the system automatically buys tokens and then burns them.

Loves is a deflationary token(have limited supply) and because of that, it will burn FOREVER, due Auto Buy-Back system will work FOREVER too.

Important— If you see repeatable transactions with the same amount in the selling list — this is the work of the Auto Buyback system.

Buyback of EROS and AMOR

The unique feature of the LovesSwap is the buyback of ?EROS and ?AMOR tokens. This feature will motivate the price of these tokens a lot.

With every transaction of Loves — 6% fee is used to buy back tokens, basically, it means that the contract buys 50% EROS and 50% AMOR using these funds and afterward sends them to our Mega pools.​

Mega and mini pools

Mega pools

Big pools with really high APRS, which lasts FOREVER. You can farm EROS and AMOR here, using your Loves tokens. Tokens are collected through a buyback system.

Stake LOVES-BNB — earn EROS

Stake LOVES-BNB — earn AMOR

Mini pools

Special partners pools are used to promote our project and give more usage for the Loves.

Stake Loves — earn partner’s coin/token.

​How and Where to Buy LOVES token?

LOVES token is now live on the Binance mainnet. The token address for LOVES is 0xCccf11ECBe24Ab164b902fF2a65434cD86465E97. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise you to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Source: Coin Introduction <https://morioh.com/p/bcf9c3a52148>

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