Moving The Partnership to Binance Smart Chain: CORD.Finance and Circuits of Value

6 min readApr 6, 2021

If you came here from Circuits of Value, then you will need to learn a little bit more about CORD.Finance. Directly from the CORD website:

Quick Facts About CORD.Finance

CORD.Finance is a decentralized finance project hosted on Binance Smart Chain, that uses a unique combination of smart contract technology plus real world networking to provide varied income streams and capital appreciation for its holders. The worldwide team of six project leaders has a variety of expertise that collectively supports this goal. The team includes a PhD statistician and developer with 25 years experience, tokenomics experts who understand the economics of digital assets, networking experts with international connections in such diverse areas as finance, farming, and charity, as well as both ERC20 and NFT developers. On the DeFi side, CORD.Finance runs staking pools/vaults on an ongoing basis for CORD holders (and its deflationary pairing token VACC). The CORD.Finance team actively seeks out staking partnerships with other projects, as this can provide a synergistic benefit to both projects by increasing exposure and economies of scale. Other real-world partnerships being cultivated by the CORD.Finance team include those in charity, farming and banking.

Tokenomics of CORD

Our primary token CORD benefits from a very low total supply (LESS THAN 19k), cannot be minted, and it can (and has been) burned. It is the “mothership” token, and as such will always be valuable. CORD is involved in the majority of staking tokens and pairs, for example we always have staking pools/vaults open for investors to stake their native CORD tokens, CORD-VACC-LP (liquidity pool) tokens, and CORD-BNB-LP. Staking these tokens can earn the investor rewards in the form of VACC or various partner tokens depending on current partnerships. As if all that weren’t enough, CORD has additional features including an optional small transaction tax (currently set to 0.1%) to supply the dev wallet with gas to deploy contracts, CORD/VACC buybacks thus boosting the price of both tokens, and supporting value-adding campaigns in future such as charity drives for wider exposure. Finally, CORD will be the project’s primary governance token.

Tokenomics of VACC

Our deflationary pairing token VACC also benefits from a low total supply (LESS THAN 1.9m), has a decreasing release schedule over four years, cannot be minted, and it can (and has been) burned. The tokenomics of VACC are designed with a 100:1 VACC:CORD ratio in mind. We have buy back & burn mechanics to protect this ratio from swinging too far in either direction, and thus protect VACC and CORD-VACC-LP investors from impermanent loss. Usecases for VACC are many, including staking in our pools/vaults as CORD-VACC-LP which can earn the investor rewards in the form of VACC or various partner tokens, as well as providing a global VACC hodler’s multiplier which produces extra rewards in all pools (including partner pools) just for holding VACC in one’s personal wallet — no spending required. The latter usecase puts VACC in very high demand, because only 37 people on Earth could ever achieve the max VACC hodler’s bonus awarded at a level of 50k VACC. As if all that weren’t enough, VACC has additional features including an optional small transaction tax (currently set to 0.1%) to supply the dev wallet with gas to deploy contracts, CORD/VACC buybacks thus boosting the price of both tokens, and supporting value-adding campaigns in future such as charity drives for wider exposure. Finally, VACC will be the project’s secondary governance token, with voting weight commensurate with the 100:1 VACC:CORD ratio.

So how do you participate in the COVAL and BSC inspired staking pools?

The first thing you need to do is purchase BNB tokens and make sure to have them on Binance Smart Chain (BSC)! You could buy some BNB from Binance. In most cases, you can withdraw your BNB as “BEP-20” (which means it’s the BSC version). If you can only withdraw BNB as BEP-2, then you will need to follow these directions on how to convert them outside of the exchange:

Introduction to the Binance Bridge

How to Get Started with the Binance Smart Chain

Once you have BNB (BSC/BEP-20 version) in the wallet of your choice, you will need to buy one of the following to participate in CORD.Finance staking pools:

*Remember! You will need equal value amounts of BNB and CORD/COVAL to provide Liquidity and receive the corresponding LP tokens. It’s the “LP Tokens” that you will stake for rewards!

CORD

Go to PancakeSwap and exchange some BNB for CORD using the following contract address for $CORD: 0xa3506a4f978862a296b29816c4e65cf1a6f54aaa

COVAL

Go to PancakeSwap and exchange some BNB for COVAL, using the following contract address for $COVAL: 0xd15cee1deafbad6c0b3fd7489677cc102b141464

Addind Liquidity to a Pool: COVAL Example

Let’s add some liquidity to the BNB-COVAL Pool. When we are done, we will receive a new token for “BNB-COVAL-LP”. If you haven’t done this before, then you’ll find that it’s quite easy. First, make sure you are connected to your wallet — then visit the pool page at this site. In the below screenshot, you should click “Add Liquidity”. You should be taken to this page (I’ve already added liquidity, so my pair populated in the picture below):

On the next page, you will choose how much BNB and COVAL you want to stake! So make your decision, then Approve and Add Liquidity!

At various steps in this process, you may be asked to “Approve” your tokens before you are allowed to transact them on a decentralized exchange like PancakeSwap. This will costs a little bit of that all natural BNB gas (remember we’re on BSC now!). It’s extremely cheap compared to ETH gas fees. Once approved, you’ll click “Swap” “Supply”, and then again “Confirm Swap/Supply” depending on the action you want to make.

Now depending on which pool you just supplied Liquidity to, you will want to add another custom token in your wallet (MetaMask) so you can see it! When you do so, we suggest use the “custom name” option so that you identify it later. Use the following contract addresses/names:

CORD-BNB-LP
0xfd0d6376c96ee8ac3eb7068de54d402f464a8206

COVAL-BNB-LP
0xf4232b311c166f00fabe6f5c3294849b589fd9bd

Moving on to the main course: Staking

Now that you have your liquidity tokens, head over to the pools at CORD: https://pool.cord.finance/. Find the Pool you want to stake in, and Approve, then Stake either CORD-BNB-LP or COVAL-BNB-LP (or both!). During the process, the staking website will look somthing like this:

Congratulations you’re now staking in a COVAL and CORD Partner Pool! If you are earning VACC, please enter this contract address in your MetaMask to view your rewards after withdrawing from the Pool! (Contract for VACC on BSC 0xb01228C32F85db30b8F9fc59256B40C716b0E891)