
There was a very small private/presale to raise liquidity and post launch marketing.
First Auto-Staking & Auto-Compounding protocol in CRONOS with an Elastic supply with 200,001% Annual Percentage Yield.
ABOUT
Crapy Protocol provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of its unique protocol being the only true burn project to exist.
As Crapy, the Crocodile presents to you his revolutionary system that has not been implemented in any other auto-staking platform, with an annual percentage yield of 200,001% and a resounding deflationary system. The first project ever to implement a "true burn" providing a solution to rebasing excessive supply, the true burn will inherently counterbalance the increase in supply on sell offs.
There was a very small private/presale to raise liquidity and post launch marketing.
What does Cronos and Apy together make.
True Burn is the solution to all of the issues rebasing and apy tokens have. The excessive amount of tokens that are distributed using the annual percentage yield is now counteracted by the true burn technology.
APY, short of Annual Percentage Yield, is used to measure the real rate of return on your principal amount by taking into account the effect of compounding interest. In the case of Crapy Protocol finance, your $CRAPY tokens represent your principal, and the compound interest is added periodically on every Rebase event (Every 15 minutes).
APY standardizes the rate of return. By providing the real percentage of growth that will be earned via a compound interest. The formula is as follows (1+r/n)n-1, where the r = period rate and n = number of compounding periods
APY is a calculation done within a one-year span rather than the APR which includes any fees or additional costs associated with the transaction, APR does not account for compounding interest within a specific year.