👻Tokenomics
We have taken the Supply elastic concept from Universe and added Tax and measures to limit the whales, swing traders and bots from dumping on the chart.
The daily yield has also been reduced to 1500% APR in addition to the TAX to ensure better sustainability.
We really think that we will have a healthier chart like RND.
The initial total supply is 42 billion Fear tokens. The launch price is 42B tokens for $10,000 ($0,000000238095238 per $Fear). 100% of the liquidity were added during the fair launch, on [REDACTED]. The minimum to create a Spooky servant at launch is 42,000 $Fear tokens ($0,01),
The concept of burn and weekly buybacks was also taken up
-> how would differentiate yourself from UNIV beside being in different chain?
We saw and had time to see what worked and what did not work with UNIV. We reduced the rewards, and we took inspiration from the RND tax structure to prevent dumping whales, bots and also swing traders from undermining the chart
-> UNIV had an awesome run but was able to hold the price. Like to ask would you do it differently?
The first investment we will make with the cash flow will be to become a validator on FTM, thus ensuring a better sustainability in the long term, we have also planned a hardcap regarding the purchase of nodes in FTM. Once this hardcap is reached, the nodes on the secondary will only be able to be bought with our tokens and will no longer have ftm, creating a BUYING PRESSURE
Transfer Tax ?
This 40% transfer tax is inspired from RND, bc ppl are avoiding the daily limits by transferring their tokens to several wallets transfer tax usually only pulls if you transfer from one pocket to another (e.g. avoiding multiple pockets with nodes avoiding system theory). if you sell in e.g. spookyswap usually only sell tax is valid
Transfer Tax forever ?
During the AMA we said that we will remove the transferring tax when the nodes hardcap is reached, from a certain amount of nodes that can be bought on the secondary market, once this amount is reached the nodes will be only buyable in $spookyverse token (and no more in FTM), which will create a buying pressure
when this will be reach, they will remove or reduce the transfer tax.
Claim and compounding fees are similar to UNIVERSE at the moment, however we have added anti-bot measures and a 10% sales tax to encourage people to hold and compound while limiting sandwich bots and swing traders from harming the chart
Hardcap ?
from a certain amount of node created, the nodes of the secondary will be only purchasable with the $Fear token what will incentive and establish a buying pressure dynamic
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