# Boba Finance - Introduction

## **Introduction**

**Boba Finance** is a yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other features that let you earn tokens.

We are creating a deflationary token, the $BOBA, with multiple burn mechanisms. We are nurturing a quality community for all people to yield farm with high APR and earn more. 

## **Our Features**

**Burning mechanism**

Boba Finance will have a  burning mechanism that will **increase the token price** constantly. 

There will be a transaction fee during staking which will then be used to purchase BOBA and burnt. The current transaction fee is set at 4%. 

**Burn:**

* 75% of the 4% burn will be used to purchase BOBA and burnt
* 25% of the 4% burn will be sent to the developer’s address 
* The current burn is done manually to stabilize the price when downward price fluctuations happen as we are trying to promote long term yield farming instead of pump and dump

Burn transaction can be viewed by clicking [HERE](https://bscscan.com/token/0x29D913c2A0b5967e77c3dCC796b151C14b512707?a=0x0000000000000000000000000000000000000000)

**Security**

* Timelock added to contract at launch
* Removed migrator code (inherited from Pancake swap)

![](https://1533539318-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MTzN30qaYxTT87WnkYN%2F-MUJb499kFFUGX5h6sTv%2F-MUJiCeVe0YakjxLEQmY%2FAdd%20a%20heading%20\(3\).png?alt=media\&token=94925002-42ef-4b8b-9819-ca437c021080)