> For the complete documentation index, see [llms.txt](https://cobraswap.gitbook.io/cobraswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cobraswap.gitbook.io/cobraswap/master.md).

# CobraSwap

CobraSwap - The Automatic Liquidity Acquisition Yield Farm & AMM on Binance Smart Chain.

## Introduction

CobraSwap is an automatic liquidity acquisition yield farm running on Binance Smart Chain with lots of unique and creative features that let you earn and win.

### Blacklisting Feature

CobraSwap contains a blacklisting feature that will prevent bot users who holds large amount of quantity.

This is a revolutionary feature that will change the game for bot users. Find out more under "Blacklisting"

### Automatic Liquidity

Each transfer of COBRA must pay a 5% transfer tax. The 4% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously.  And the liquidity will be locked and inaccessible.

### Automated Burning

As we have mentioned above, each transfer of COBRA must pay a 5% transfer tax. The 4% transfer tax will be allocated to automatic liquidity acquisition. And the rest 1% transfer tax will be burned immediately. The whole process is automatic.

### Harvest Lockup

Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping. 

### Anti Whale

Transfer more than 2% of the total supply will be rejected. As the total supply grows, this ratio will be reduced.

### Referral Program

An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 5% of his/her friends' earnings forever.

### No Migrator Code

The migrator code in the MasterChef contract has been removed. 

### Timelock

Timelock will be added during launch.