CitySwap Token | CTYS

CitySwap Token (CTYS)

CitySwapToken Logo (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

City Swap Finance