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 šŸ”„ 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 šŸ”„

šŸŒ¢ Total Supplyāž– 100000 OIL šŸŒ¢ Staking Rewardsāž– 65000 OIL (Locked Forever and will be automatically released to the farmers/stakers) šŸŒ¢ Private Saleāž– 12000 OIL (Completed) šŸŒ¢ Pre Saleāž– 14000 OIL(Completed) šŸŒ¢ Pancake Liquidityāž– 8000 OIL (and 200 BNB Locked forever - Proof) šŸŒ¢ Community Airdrop āž– 1000 OIL (Vested and utilized for the community expansion)