SOAR.FI (SOAR) is not listed as a staking asset on Staking Rewards. You can still convert token prices, calculate reward rates and compare against rewards earned for other top staking assets.Learn more about SOAR.FI Staking
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What is SOAR?
SOAR is an ERC-20 with a frictionless yield generator mechanism that applies a 1% fee on every transfer and instantly distributes the fee among holders. This is the easiest form of staking that exists today. Holders do not need to deposit tokens anywhere and wait for fees to be delivered. Fees are awarded by the smart contract and automatically reflected in the holder’s balance. There is no inflation in SOAR, as the same tokens are redistributed among holders based on transaction volume. 10MIL tokens will always stay 10MIL tokens.
Is there any risks to holding SOAR?
There is no smart contract risks as you are not directly staking SOAR.
The biggest risk we currently see has to do with high gas fees when transacting on the Ethereum blockchain.
Please also be aware that you will get charged a 1% Tax in SOAR for all SOAR transactions.
Who are the Team Members behind SOAR?
There are no public profiles for team members associated with this project.
The user profile “0xSoar“, is the person behind the vision of SOAR.
Check out our “Q & A Written Interview” with the founder of SOAR.Fi, 0xSoar.
How to Collect Yield with SOAR?
You can simple hold SOAR token in any ERC20 compatible wallet (we suggest using Ledger/ Metamask) in order to be eligible to collect your proportion of the SOAR transactional Tax.
For a more detailed guide check out our “How to Collect Yield with SOAR.fi” for a full walkthrough.
How was SOAR Launched?
SOAR had no fundraiser or ICO – Total supply: 10,000,000 SOAR
- 40% Airdrop
- 40%** Initial liquidity** (locked 6 months 10% unlocked every month)
- 20% Product development + Marketing + V2 drop
Transparency Report (The team introduced the SOAR token to the market with an airdrop and a fair launch):
- No pre-fundraising of SOAR tokens took place. (presale, VCs).
- 40% of the SOAR total supply has been airdropped.
- At launch, the team provided the liquidity.
How much can I earn holding SOAR?
You can currently earn between 20-30% APY when holding SOAR.
This return is based on SOAR transaction volume due to the 1% Tax taken from all SOAR transactions and redistributed to all SOAR token holders.
Check out the “SOAR Rewards Calculator” and estimate your returns for holding SOAR.