CitySwap Token | CTYS
CitySwap Token (CTYS)
Token Details
Token Name : CitySwapToken
Token Symbol : CTYS
Contract Address : 0xD53F93a3f74C311448a4c16E961324aD4D7e0A81
Blockchain : Binance Smart Chain (BEP20)
Supply : Unlimited
Transfer Tax
Transfer Tax Rate : 5%
1% of the tax will be burned immediately
4% will be added to liquidity pool
Dual Automatic Liquidity (A.L)
A.L on CTYS token transfer : 4% will be added to LP pool and locked
A.L on deposit fees : 25% of deposit fees will be added to the LP pool and locked
Emission Rate
100 CTYS / block
2,800,000 CTYS / day
9.09 % to the dev team to ensure essential growth of the project.
Deflationary Architecture
Even if the token does not have a hard cap, the architecture/features of CitySwap will reduce the supply and counter the inflation.
How CTYS supply is reduced without a hard cap ?
1- Reducing Block Emission
By reducing the amount of CTYS made per block, we slow inflation, the reducing of block emission will be announced each time to the investors and will be done via Timelock.
2- Transfer Tax
As explained in the Tax & Burning Section, CTYS has a 5% Transfer Tax, 4% of the tax is added to liquidity pool and 1% is burned immediately which will help reducing the circulating supply of CTYS and release sell presure.
3- Other deflationary mechanisms
The City Prefect aim to making deflation higher than emission by building deflationary mechanisms into CitySwap's products. The goal is for more CTYS to leave circulation than the amount of CTYS that's produced :
Burn of CTYS raised in ICOs
Burn of CTYS spent on Profile Creation and NFT minting
Burn of CTYS of yield harvest in the Auto CTYS Pool
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