OIL Token
2% fees will be charged for every transaction. 1% out of that will be sent to a separate wallet and those tokens will be used to reward the OIL holders. 1% of OIL each transaction will be burnt 🔥 forever (This is the initial plan might change bit after the feasibility study).OIL token is a hyper deflationary crypto asset as mentioned above. This will reduce the total supply over time all the while demand goes up, put a stop to inflation. Once the total supply is burnt by 90% (This is the initial plan might change bit after the feasibility study) the burning function will be terminated automatically by the smart contract.
Following is a rough deflation chart for OIL token (This might change significantly depending upon number of transactions)
TOTAL SUPPLY OF OIL TOKEN WILL REDUCE BY 90% OVER THE TIME 🔥
🌢 Total Supply➖ 100000 OIL
🌢 Staking Rewards➖ 65000 OIL (Locked Forever and will be automatically released to the farmers/stakers)
🌢 Private Sale➖ 12000 OIL (Completed)
🌢 Pre Sale➖ 14000 OIL(Completed)
🌢 Pancake Liquidity➖ 8000 OIL (and 200 BNB Locked forever - Proof)
🌢 Community Airdrop ➖ 1000 OIL (Vested and utilized for the community expansion)
Last modified 2yr ago