Voodoo Bank

The Voodoo Bank is a decentralized application (DApp) within the Voodoo Token ecosystem on PulseChain, designed as a bank by offering digital safe deposit boxes for long-term token holders. It enables users to lock up their Voodoo Tokens (VDO) for extended periods; 1, 5, or 10 years, and earn additional Voodoo Tokens as rewards for their commitment.

Overview

The Voodoo Bank provides a DeFi solution for those seeking to hold Voodoo tokens long-term and earn passive income. By locking tokens for set durations, users not only help stabilize the token’s supply but also receive extra Voodoo Tokens as an incentive. This mechanism encourages holding and supports the overall health and value appreciation of the Voodoo Token ecosystem.

Key Features

• Long-Term Locking: Choose between 1, 5, or 10-year lock-up periods.
• Earn Rewards: Receive additional Voodoo Tokens as a reward for your commitment.
• Decentralized & Trustless: All operations are handled by smart contracts on PulseChain.
• No KYC Required: Completely permissionless, no sign-up or identity verification needed.
• Low Fees: PulseChain’s fast and cheap transactions make locking and claiming efficient and affordable

Locking Options & Rewards

Lock Period	Reward Type	Multiplier	Example Return
1 Year	VDO	x2	1000 VDO → 2000 VDO
5 Years	VDO	x3	1000 VDO → 3000 VDO
10 Years	VDO	x4	1000 VDO → 4000 VDO

• The longer you lock your tokens, the greater the reward.
• A change in reward rates could be set by the DAO and are transparently displayed in the application interface.

Security & Transparency

• Smart Contracts: All funds are managed by open-source, audited smart contracts.
• No Custody: Users retain ownership; tokens are only inaccessible during the lock period.
• DAO Governance: The VoodooGroup DAO manages parameters and ensures fair operation.

Getting Started

Requirements:

• A desktop or mobile device with a PulseChain-compatible wallet (e.g., MetaMask).
• Minimum of 50,000 Voodoo Tokens (VDO) in your wallet.
• Some PulseChain (PLS) tokens to cover transaction fees.

1. Install MetaMask (if you haven’t already):

   • Download and install Metamask for your browser or mobile device.
   • Add the PulseChain network to MetaMask.

2. Acquire Voodoo Tokens (VDO):

   • Purchase or swap for VDO tokens on a PulseChain-compatible DEX.
   • Add the VDO token to your MetaMask using the contract address:
     0x1c5f8e8E84AcC71650F7a627cfA5B24B80f44f00

3. Visit the Voodoo Bank:

   • Go to bank.voodootoken.com.

4. Connect Your Wallet:

   • Click “Connect Wallet” and authorize the application to view your address.

5. Choose Your Lock Period:

   • Select 1, 5, or 10 years, depending on your desired reward multiplier.

6. Enter Amount to Lock:

   • Specify the amount of VDO you wish to lock.

7. Approve and Confirm:

   • Approve the token spend in MetaMask.
   • Confirm the lock transaction and pay the small PulseChain gas fee.

8. Monitor Your Deposit:

   • View your active locks and accrued rewards directly in the application.

9. Claim After Maturity:

   • When your lock period ends, return to the application to claim your original VDO plus rewards.

Integration in the Ecosystem

• Helps making Voodoo Token a Store of Value: Voodoo Bank supports the VDO price by reducing circulating supply.
• Ecosystem Synergy: Works alongside staking, gambling, and rewards applications to enhance token utility and community engagement.
• PulseChain Benefits: Fast, eco-friendly, and low-cost transactions.

Community & Support

• Website: voodootoken.com
• Voodoo Bank: bank.voodootoken.com

License

This application is open-source. See LICENSE for details.

Note: Locking tokens in Voodoo Bank is a long-term commitment. Please ensure you are comfortable with the chosen lock period before confirming your deposit.

Secure your future, earn more VDO, and support the Voodoo ecosystem.