Meet OneDollar Finance- The first Cross-chain and Privacy ecosystem protocol on Binance Smart Chain
LONDON, May 08, 2021 (GLOBE NEWSWIRE) -- OneDollar aims to transform the future of the digital economy, and bring financial freedom to everyone.
As a fully transparent and community oriented project, there is no team token or founders token. The founders and all team members participating in a fair launch with everyone in the community.
?? Reflection Static Rewards, Automatic LP Generation, and Automatic Token Burn:
OneDollar protocol is based on four major functions: Reflection static rewards, automatic liquidity pool (LP) generation, automatic token burn, and incremental token burn.
The protocol takes 10% fee on each transaction. This fee is splitted into 3 parts as 4%, 3% and 3% respectively. The first 4% transaction fee goes for Reflection Rewards, 3% transaction fee to Liquidity Pool Generation, and the remaining 3% transaction fee is used for Automatic Token Burn.
The Reflection Rewards function is to distribute the 4% of the transaction fee to every oneDollar wallet holder on a percentage basis. The more OneDollar token you hold in your wallet the more rewards you will receive.
The Automatic LP Generation functin comprises the other 3% transaction fee collected in OneDollar token. Out of which 1.5% is sold to BNB, then added to the remaining 1.5% in OneDollar token and the total amount is deposited back into the PancakeceSwap Liquidity Pool. This Liquidity Pool Generation would help to sustain the market liquidity and ultimately stabilize the OneDollar token price in the market.
The last 3% part of the transaction fee collected in OneDollar token is burned automatically. This process would help in a gradual reduction of the total supply of OneDollar token in the market, which would potentially lead to increase in price.
?? OneDollar Ecosystem Product Offerings fees for Incremental Token Burn:
The protocol takes 90% from all the ecosystem products offerings fees like OneD-Cross-Chain Exchange, OneD- NFT Art & meme Marketplace, OneD-Crypto powered e-commerce, OneD-LaunchPad and more, and would automatically be used to buy and burn OneDollar token. This process would further help to drastically reduce the total supply of OneDollar token in the market, which would potentially lead to appreciative value of OneDollar token.
The last 5% of ecosystem fees goes research & development and for the maintenance of OneDolallar project and its ecosystem products developments.
??Token Name: OneDollar
Telegram Group: https://t.me/onedollafinance
Telegram Announcement Channel: https://t.me/onedollarfinance_an
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