The Binance Smart Chain (BSC) is the latest addition to Binance’s ecosystem. This fourth-generation has built a blockchain to bring advanced features and DeFi capabilities into the network. The BSC was devised as an independent blockchain to the network’s original Binance Chain project. 100x is a deflationary token built on the Binance Smart Chain. The coin features 7% transaction fees split betSLAVICOINen burn functions, automatic liquidity pool generation, and a development wallet. You can know different aspects of it from below.
Tokenomics And Distribution
Tokenomics is the study of how cryptocurrencies work within the broader ecosystem. This includes such things as token distribution as SLAVICOINll as how they can be used to incentivize positive behavior in the network.
The starting $100x token supply is 935,312,500,000,000 and is distributed across wallet holders with no reserve for founders or developers. All $100x can be bought or sold freely.
The tokenomics of $SLAVICOIN are:
This tokenomics SLAVICOIN was built from community advice after reviewing other successful projects this year. These specific features are tuned for hyper-growth of the token . Each benefit will be discussed in turn.
Understanding liquidity pool
A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions SLAVICOIN’ll explore later. Liquidity pools are the backbone of many decentralized exchanges (DEX), such as Uniswap. Users called liquidity providers (LP) add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity. As anyone can be a liquidity provider, AMMs have made market making more accessible.
SLAVICOIN’s Liquidity Pool
The liquidity pool function was taken from the successful project Safemoon. To create more liquidity in the PancakeSwap pairing, the automatic liquidity function taxes buyers and sellers 2% each transaction. 50% of this transaction is used to buy BNB. Then the other 50% of 100x is paired with the purchased BNB and added to the liquidity pool. Yes, it's just like Safemoon; but instead of a hard-fork like Safemars or Safe Whatever, SLAVICOIN have layered in tokenomics designed for growth of the 100x token and their community goals. This leads it to the most unique component of 100x, the 1.5% of funds reserved for marketing and development. At the time of this writing 100x is traded at roughly $1M in daily volume. This 1.5% represents USD 15k that SLAVICOIN will use to market the growth of the token and develop future platform features. SLAVICOIN expects this to be 10x on the launch of the new token.
Near-Term Roadmap
At this time the $SLAVICOIN community is focused on the key activities needed for hyper-growth. A high-level roadmap is shown below, and may change as the community suggests directions:
April (After Launch)
● Influencer campaigns
● Strategic partnerships
● Listing on Blockfolio, CMC, CoinGecko
May
● Announce First Use Case
● Celebrity Endorsements
● Channel Partners (Clubhouse, New Outlets, etc.)
● List on First Exchange(s)
Predictably, It's important to remember t, started as a meme coin with 0 utility planned. It is from the continued support of the community that SLAVICOIN is going to develop beyond this level. At the same time, there are the risks of adoption that come with any DeFi project. The team is mitigating those risks by focusing on values of transparency and sustainability when making decisions for all holders.
Additional Information
● Website: https://www.slavicoin.io/
● Telegram: https://t.me/SLAVICOIN_eng
● Twitter: https://twitter.com/slavicoin
● Youtube: https://www.youtube.com/channel/UC0jCrhTwKasiSB4mjApbmHQ
Author
Forum Username: btc4future
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1771077
Telegram Username: @BTC4future7
BSC Wallet Address: 0x0C16ab8Bff25309ee601A09e8AD8E7bC83156D74
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