# Coral (CRL)

**Ticker: Coral $CRL**\
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Contract address: **0xC00B1FfA922Edf1175a4E6fEaAC5B2B469932524**

Chain: Binance Smart Chain (BEP-20)Thanks

Chart : [**https://goswapp-bsc.web.app/0xc00b1ffa922edf1175a4e6feaac5b2b469932524**](https://goswapp-bsc.web.app/0xc00b1ffa922edf1175a4e6feaac5b2b469932524)

**Emission rate:**

**1** CRL/block at start 03/03/2021 approx. 28,800 Coral/day\
**0.8** CRL/block from 03/05/2021 approx. 23,000 Coral/day\
**0.5** CRL/block from 03/07/2021 approx. 14,400 Coral/day\
**0.45** CRL/block from 03/10/2021 approx. 12,900 Coral/day\
**0.40** CRL/block from 03/12/2021 approx. 11,500 Coral/day\
**0.38** CRL/block from 03/15/2021 approx. 10,900 Coral/day\
**0.30** CRL/block from 03/21/2021 approx. 8,600 Coral/day\
**0.24** CRL/block from 04/01/2021 approx. 6,800 Coral/day\
**0.15** CRL/block from 04/14/2021 approx. 4,300 Coral/day

\~9.09% will be sent to the developer’s address, part will be used in burn operation to reduce supply while the other part will be redistributed to NGO, used for further partnership & for further development funding.

**Deflationary Mechanics:**

* Farms & pools will get corresponding Corals depending on the multiplier shown on the top left corner.
* Strategical buybacks and burn actions will be performed accordingly with market action

**Fees:**

Coral Farm collects a 2 - 3.9% deposit fee to periodically purchase CORAL on the market and burn them. This will reduce the supply and help CORAL to grow!

* Most of the fees will be used to purchase Coral and burn them.
* Few of the fees will be sent to the developer’s address as payouts
* 5% of the fees will be sent to  specific NGO wallet and funds will be regularly used to fund action of  non profit environmental NGOs who have committed  in saving and protecting coral reefs.&#x20;

Burn transactions can be viewed by clicking [here](https://bscscan.com/token/0xc00b1ffa922edf1175a4e6feaac5b2b469932524?a=0x000000000000000000000000000000000000dead)

Buyback transactions can be viewed by following our announcements channel on [telegram](https://t.me/Coralfarm_ANN)

Initial minted Coral : 7,500 were minted at first. We used 3000 $CRL and 100 $BNB to provide initial liquidity. Then all LPs and remaining 4500 $CRL have been burned.

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![© Coralfarm.finance](https://2447866993-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MUOUZEim0ydoHlbUajX%2F-MUsNFY8PrSgv5E5atxF%2F-MUsNm9GRVVTklMn9vaj%2Fcoral1_turtle.jpg?alt=media\&token=f91bd757-2a81-4809-906d-c4fb3622b28e)
