Payday

Yield Farming

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Description

$PAYDAY on Avalanche (AVAX) provides daily $AVAX rewards through a Hold 2 Earn (H2E) system. Holding $PAYDAY tokens automatically distributes $AVAX returns, with an 8% transaction tax where 6% is converted to $AVAX for holders and 2% supports the project. Enjoy automated, claim-free rewards and passive income.

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FAQ

What is the primary purpose of the Payday project?

Payday is designed to reward holders with daily $AVAX cryptocurrency through its Hold 2 Earn (H2E) mechanism on the Avalanche blockchain. By merely holding the $PAYDAY token, users receive a portion of $AVAX from transaction taxes, offering effortless engagement in crypto yield farming.

How does the Hold 2 Earn (H2E) mechanism work in Payday?

Payday's H2E mechanism rewards users by automatically converting 6% of transaction taxes into $AVAX and distributing it among $PAYDAY token holders. This automated system eliminates the need for manual claiming or staking, making it easy to earn continuous rewards just by holding the token.

What are the benefits of holding $PAYDAY tokens?

Holding $PAYDAY tokens provides continuous daily $AVAX rewards through an automated system, thanks to the H2E mechanism. This simplifies the yield farming process, offering token holders a passive income stream without the need for additional actions or risks associated with staking.

How does Payday compare to other yield farming projects?

Unlike many yield farming projects requiring manual rewards claiming or staking, Payday simplifies the process with its automatic H2E mechanism. By converting 6% of transaction taxes to $AVAX instantly and distributing them to holders, Payday offers a hassle-free daily rewards system.

Why is Payday relevant in the Avalanche ecosystem?

As a project on the Avalanche blockchain, Payday takes advantage of Avalanche's low fees and fast transaction speeds, enhancing the effectiveness of its daily rewards system. It aligns with the ecosystem's focus on efficient, scalable solutions, offering a unique yield farming opportunity for AVAX users.

What is the 8% transaction tax used for in the Payday project?

In the Payday project, an 8% transaction tax is applied, where 6% is converted into $AVAX and distributed to $PAYDAY holders, ensuring ongoing rewards. The remaining 2% supports the Project Wallet, funding future development and operational costs, contributing to the project's sustainability.

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