EG Token V2
Blockchain: Binance Smart Chain
Total Supply: 6 Billion
Trade Tax: 5% Buy, 5% Sell, 0% Transfer
Adding Funds to a liquidity pool using Auto Buy Backs and SwapAndLiquify doesn't work if it's one sided. To support these lopsided liquidity dumps, these features also used the community to pay for the gas by piggy backing on their Buy/Sell transactions. This destroys the value of the token in the same way as big sell-offs do.
Reflections as a way of generating "passive income" is a concept which is slowly going out of fashion. It needs high token taxes to support the reflections model as well as continuous high token volume to be effective long term. Reflections are also not supported by many major exchanges which is also a drawback. EG V2 lowers the tax on Buy and Sell to support community driven initiatives, removes the tax on transfers, gets rid of reflections and also stops the auto burn.
EG is a community run token where community working groups control all aspects of the project. Anyone is able to contribute to the success of the project and can also get rewarded for it. A pool of 5% of Token Supply is set aside for Community Development (Prizes, Rewards, Promotions etc), 2.9% of supply is reserved for Marketing and a further 3% reserved for providing cross-chain liquidity to other blockchains in future. Details of all wallets and token holders is made available publicly for all to see.
Devs on many projects keep hold of the LP Tokens to withdraw liquidity at a later date to private wallets. Eg V2 has locked majority of its liquidity and all details are made availabe to the public. The process of adding new liquidity and removing liquidity is done transparently.
The long term aim for new features is to make the it publicly accessible so anyone can see, modify and distribute the code as they see fit. This will attract a wider talent pool to the project. We encourage any developer interested in creating software, widgets, charts or adding utility to the token to reach out to the team.
The token supply is fixed at 6 Billion. There will be no Auto Burns but manual buybacks & token burns will be done as per market conditions.
The EG Smart Contract Accumulates 5% fee from every Buy & 5% fee from every Sell transaction. No fee is collected from transfers.
This 10% fee is distributed to the following 5 wallets, which have been configured in the smart contract.
- Marketing Wallet: 20%
- Liquidity Wallet: 20%
- Tech Wallet: 30%
- Donations Wallet: 10%
- Staking Rewards Wallet: 20%
Each of these wallets is looked after by a community working group.
- 1% of Token Volume goes to Social Impact
- 30% HeadsTails revenue goes to EG Token Buyback & Social Impact
- 100% Salesforce Exchange fees goes to EG Token buyback
- 100% Revenue from BurnParty (Token Burns & Advertisements) goes to EG Token buyback
- 100% Revenue from whitelabel EG Swap sales goes to EG Token buyback
- 10% EG Blockchain Agency revenue goes to EG Token buyback
The Buyback tokens can either be burned or used for community rewards.