Sauna Finance is built mainly as a decentralized exchange on the Binance Smart Chain. It is also a decentralized finance platform for sauna lovers in the cryptocurrency industry, which offers farming, staking, lottery, a nonfungible token marketplace, or NFT minting.
An initial DEX offering-style cloud sale will be available from June 25, 12:00 am (GMT+8) to July 24, 11:59 pm (GMT+8).
The referral information of participants from an airdrop will be taken over to the cloud sale. If a referrer joins the cloud sale, 10% will be returned.
Introduction to the functions of Sauna Finance
Sauna room exchange (DEX function/decentralized exchange)
By adopting an automated market maker, Sauna Finance allows users to exchange tokens using a pre-deposited liquidity pool. The charge for trading handling is as low as 0.3%.
Löyly farming/cold pool staking
Sauna Finance offers an incentive to users, where they can receive interest for depositing cryptocurrency as a reward for providing DEX liquidity.
There are two ways to deposit cryptocurrency: (1) “Löyly farming,” where users can deposit two different cryptocurrencies as a pair and receive rewards; or (2) “cold bath staking,” where users can deposit a single type of cryptocurrency and receive rewards.
They can choose among various types of cryptocurrencies and their interests.
Oropo Loto lottery
The Oropo Loto lottery draw is held every day.
Users can exchange their Sauna Finance token (SAUNA) for a ticket, and if two or more numbers on their ticket match with the randomly distributed four-digit numbers, they will be rewarded.
Similar to the jackpot system, if there is no winner on the day, the prize will be carried over to the next draw.
A nonfungible token is a non-substitutable token with different features from other tokens and can generate a unique “one-of-a-kind” value, which is currently mainly used in art or blockchain gaming.
Sauna Finance has a function for minting and issuing NFTs, similar to Mintbase or Rarible. It builds its own marketplace where users can buy and sell NFTs.
As NFT transactions require SAUNA tokens, its powerful system contributes to the demand for these tokens.
Sauna Finance is developing its own decentralized application in the health-tech domain, called “Sauna Market Cap.”
The Sauna Market Cap app will list sauna facilities around the world based on location information.
Users can stake a SAUNA token in the app and check in to the location of a sauna facility.
Simultaneously, they can also obtain new SAUNA tokens as a reward from the spot pool.
Building a sustainable economy
In order to earn SAUNA rewards when visiting sauna facilities, users have to exchange or buy SAUNA tokens in the market beforehand and stake them in their own apps.
Sauna Finance purchases SAUNA from the profit of DEX exchange fees and distributes them to the spot pool of Sauna facilities.
To build this system, the value of SAUNA tokens has to be stable for a sustainable token economy to function.
Sauna Finance aims to build a sustainable healthcare culture, one where people all over the world would want to visit a sauna every day.
Sauna Finance’s IDO overview
Period of IDO: June 25, 2021, 12:00 am (GMT+8) to July 24, 2021, 11:59 pm (GMT+8)
Terms of participation: Agree to the disclaimer
Offer price: 1 SAUNA = $0.65 equivalent in Binance Coin (BNB)
Purchase limit: 10 BNB per 1 BSC address
Supply amount: 650,000 SAUNA (equivalent to $422,500)
Contract address: 0x06b889a7a7fa15d8cc7cff147962c4232cce7cf0
Official URL: https://sauna.finance/
This is a paid press release Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.