Hi friends, this time I will provide information about a very interesting project for you to know about a new cryptocurrency called Smokin Token. Before going into the discussion, I think we all believe that blockchain technology still needs efforts to encourage adoption so that it continues to grow and continue to develop in the future. So for that, let's see a brief review of the Smokin Token project below.
SmokinToken Overview
SmokinToken’s goal is to enlighten investors with our strategy, rewards, and progressive outlook. This paper contains the redistribution and reward values for holding SmokinToken (SMOTO), Milestones of the Token and our future plans. We are excited to have an improved smart contract format that will provide BNB auto reward tokens.
Our vision is to not only have the SmokinToken but to build a cryptoverse around our community with future projects.
Reason for the Project
We decided to start SmokinToken because most of the new projects on the Binance Smart Chain are garbage. Nothing is more frustrating than investing in a project to discover it's a scam, honeypot, or rug-pull. We noticed several projects lacked a sufficient website, no communication with its investors and relied on heavy advertising to push their project. Our project has a purpose and one of the most important aspects of SmokinToken are the investors.
Our plan is to have a series of events where holders of at least 100,000 tokens can participate at no cost. When we reach 10 million market cap we will really start branching out with new event related opportunities. The goal is to have events such as 5k runs/walks, cycling races and adventure endurance races. We will rely heavily on the governance system to make sure that every investor that holds 100,000 SMOTO can vote. The governance system determines the type of events that the community wants us to host. Eventually we would like to be able to host these events in different parts of the country.
We also plan on releasing additional limited tokens in our cryptoverse. When we accomplish our Roadmap goals, we will release a 420 token. We will release the details at a later date.
Utility and future use
As our token progresses and matures, and the market cap increases, there will be additional benefits for holding SMOTO. As our market goals are met, outlined in the roadmap, the following benefits will become available:
- NFT Market Place (Completed)
- SmokinToken Wallet App
- SmokinToken Swap (V1 Completed)
- Bridging to other Networks
- Event Sponsorship (sporting and CBD events)
- YouTube and TikTok sponsorship
- Merchandise Expansion
- Business Collaboration
- Google Play, Apple store event app
Security of SmokinToken
Security is important, so prior to presale and launch, we decided to have our token and smart contract audited by Dessertswap.finance. The reason we chose Dessert Swap finance is because it’s audit writeup is easily understandable for the average person. The audit result performed by Dessertswap.finance found no medium or high-risk vulnerabilities.
There is always room to improve, so to ensure we have the highest quality code in our token we have additional audits pending and will update the white paper as the project progresses.
SmokinToken Breakdown
SMOTO is a yield-generating token that runs on the Binance Smart Chain (BSC). Holders that hold a minimum of 100,000 SMOTO tokens are automatically participating in the reward with BNB. The token contract employs a fixed transaction fee system:
- 11% (in BNB) is redistributed
- Proportionally to the amount of SMOTO Tokens the holders hold (exception Liquidity Pool which is 4.20%)
- Only holders that has a minimum of 100,000 SMOTO Tokens participate in the distribution
- 4.20% (in BNB) is used to fuel the liquidity pool
- 3% (in BNB) transaction fee for selling to the advertising wallet.
Total -15.2% for buying and 18.2% Selling Smokin Token
Starting Price for Presale and Launch
Prices based off of an assumed BNB price of 600 USD.
Presale 1
- BankerDoge
- Soft cap: 50
- Hard cap: 100
- Price: $0.00038 per token
- Tokens per BNB approx: 1,578,947
Presale 2
- Pink Sale
- Soft cap: 100
- Hard cap: 200
- Price: $0.00039 per token
- Tokens per BNB approx: 1,538,462
Launch
- Pancake Swap
- Price: $0.0004 per token
- Tokens per BNB approx: 1,500,000
Manual Token Burns
Due to the demand of our current Twitter and Telegram members we are going to implement a manual token burn. Token burns will be based off of our market cap goals that are met and the following burn schedule will be implemented. We will also do smaller random burns that will be announced during AMA sessions. Burns are designed to reduce the total supply of the Smokin Token and therefore increase the demand of the token. Token burns will be sent to a burn wallet where they will no longer be able to be recovered.
- 2 Million Market Cap 25 Million
- 4 Million Market cap 25 Million
- 10 Million Market cap 50 Million
- 15 Million Market cap 100 Million
Token Information
- Network: Binance Smart Chain (BEP-20)
- Ticker: SMOTO
- Contract address: Deploying New Contract, TBA
Token Allocation
- TOTAL SUPPLY: 1,000,000,000
- TEAM: 30,000,000 (3%)
- PRESALE: 388,664,000 (38.86%)
- PANCAKE SWAP AND FUTURE EXCHANGES: 501,336,000 (50.13%)
- MARKETING WALLET: 30,000,000 (3%)
- AIRDROP: 50,000,000 (5%)
- MAX.Contribution: 4 BNB
- Liquidity Locked: 100% - Unlock Date: 4 months minimum
This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:
Official website: https://www.smokintoken.org/
Telegram: https://t.me/TheOfficialSmokintoken
Twitter: https://twitter.com/TheSmokinToken
Facebook: https://www.facebook.com/Smokin-Token-106552481658347
Reddit: https://www.reddit.com/user/TheSmokinToken
Discord: https://discord.com/invite/bAyZqRbdFt
Bitcointalk Username: Bidadari_surga
Bitcointak profile: https://bitcointalk.org/index.php?action=profile;u=1011291
BEP-20: 0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3