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 š„ 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 š„
š¢ Total Supplyā 100000 OIL š¢ Staking Rewardsā 65000 OIL (Locked Forever and will be automatically released to the farmers/stakers) š¢ Private Saleā 12000 OIL (Completed) š¢ Pre Saleā 14000 OIL(Completed) š¢ Pancake Liquidityā 8000 OIL (and 200 BNB Locked forever - Proof) š¢ Community Airdrop ā 1000 OIL (Vested and utilized for the community expansion)
