The digital asset market is growing at a fast rate as more individuals embrace the decentralized financial system. Several projects are also emerging, giving users the chance to tap into the billion-dollar crypto economy. Falling in the same category is COQ Token, a French-based project running on the Binance Smart Chain.
The COQ Token works as a dynamic BNB reflection token (RFI) that enables investors to earn BNB. The goal is made possible by holding a certain amount of COQ tokens in a digital wallet. Therefore, users can acquire more BNBs as they take part in the project's decision-making process. Below is a description of what investors can expect from the COQ Token project.
How it Operates
COQ's contract begins by tracking all token holders and storing them using an array indexing system. The contract also participates in monitoring the array indexing. All trades handle a different number of users depending on the transaction size. Besides, COQ's contract distributes BNBs to every token holder fairly.
The BNB profits are payable if the COQ Token is in line with the rules of the standard. From there, the contract processes the rewards as it looks at the users' withdrawable dividend amount. If the withdrawable dividend is beyond the minimum auto-claim level, COQ contract can buy the users' tokens. At the same time, COQ automatically claims the dividends for BNB.
Remember, every function in the project is fully automated. On top of that, COQ doesn't have a minimal gas rate for transferring any amount. Holders acquire dividends from the investors' pool based on their position in the transaction queue.
Features
COQ Token presents the following features to its users:
Liquidity and Burning Mechanism
The project uses 1% of every transaction to add liquidity across various pools. Liquidity contributions allow COQ to keep the token's value stable and deal with price drops. Burning is yet another procedure that helps in maintaining the price of a digital asset. Therefore, COQ burns 1% of the tokens from every trade. The process eliminates several tokens from the overall supply. As the tokens decrease, they become scarce and valuable over time.
Anti-Whale Dumping
In the crypto verse, whales represent users/entities holding a large number of digital assets. Holding a significant number of tokens enables whales to manipulate an asset's market. To prevent this incident, COQ Token implements an Anti-whale dumping system in its operations. Here, users can only hold a maximum 1% of the total supply. That way, COQ is able to deal with dishonest investors who may want to pump and dump the project.
Passive Income Opportunities
As mentioned earlier, COQ Token is a crypto tool that helps investors when gathering BNBs. The project therefore uses 10% of every transaction to distribute BNBs to token holders.
Marketing Campaigns and Sell Charges
Promotion activities serve as significant steps that help projects attract more investors. COQ Token applies a 1% rate off every transaction to sort out giveaways, marketing activities, and community rewards. The project further limits its sell trades to a rate lower than 0.1% of the total token supply. Besides, all sell transactions attract a 2% charge. The selling fees make it easier for COQ to limit dumps, arbitrage, and swing trading.
Community Participation
COQ Token's structure is built using a dividend and taxation system which changes over time. The project's changes are based on the community's decision. Hence, COQ Token holders can vote on whether to increase or decrease the dividend and taxation rates. The decisions will look into several factors such as pool goals or the market conditions.
CoqView DApp and NFTs
The project is developing a CoqView DApp where users can browse and view their BNB earnings. Apart from tracking the BNB balances, CoqView DApp users can take part in staking and voting procedures. As time goes by, the CoqView development team hopes to add more features to the dashboard. An NFT collection project may also launch on Ethereum's blockchain network.
Where COQ Token Generates BNBs
COQ Token leverages a number of sources that help it generate BNBs. The sources are DeFi protocols like COQFARM, the project's staking, and the lending system. COQ'S Internal Auto Trading System (ATS) is yet another protocol that generates BNBs. The remaining sources include COQSWAP and centralized exchanges such as Binance.
Token Details
COQ has a total supply of 1.5T, out of which 15B tokens account for the current circulating supply. The project previously had an early seed fundraising activity which raised 100,000 USDT. The community and COQ-ATS account for 76% of the supply. Development, marketing, and reserves each take up 14%, 5%, and 5%, respectively. COQ provides investors with the following procedure to use when buying the token:
Users first start by downloading a MetaMask or Trust Wallet app. Since COQ is a BEP-20 token, investors need to add Binance Smart Chain on the network-list section.
Investors then purchase or send BNB to their respective wallets. From here, investors need to exchange the BNB smart chain for BUSD.
Include COQ Token's address in the wallet and select the 'Buy COQ Token' option. Lastly, investors should link their wallets and indicate the amount they would wish to buy.
Upcoming Developments
COQ Token plans on establishing various developments in the future. A smart contract auditing process is currently taking place to eliminate any vulnerabilities within the code. There is an ongoing pre-sale event where users can access the COQ Token. In the coming days, COQ Token hopes to receive 100,000 token holders and 50,000 Telegram members. It may further list with several exchanges such as Binance, Gate.io, and KuCoin. The BNB Bank development and gaming collaborations are other activities that the project might pursue in the future.
Without a doubt, COQ Token enables investors to earn BNBs using minimal effort. As a BNB RFI token, COQ manages to distribute the transaction charges to token holders through smart contracts. The token's supply follows a burning mechanism which helps in stabilizing its value. In the end, projects like COQ Token improve the global awareness and acceptance of digital assets. For more information and updates, follow COQ Token on:
Twitter: https://mobile.twitter.com/coqview
Facebook: https://m.facebook.com/coqview/
Telegram: https://t.me/coqview