ELEPHANT
$ELEPHANT Token - Store of Value Overview
Last updated
$ELEPHANT Token - Store of Value Overview
Last updated
The Elephant.Money Network’s store of value token (BEP-20) on the Binance Smart Chain (BSC) that captures value by having the most fair distribution, an auto-rebalancing liquidity building mechanism, and by providing a lifetime of frictionless, passive rewards.
$ELEPHANT has a fixed supply of 1000 Trillion tokens, all of the tokens have been minted and are in circulation and no more will be minted. 50% of the supply is held by a rebalancing smart contract called the Graveyard (GY) which passively builds protocol owned liquidity on each rebalance.
ELEPHANT tokens has two primary locked liquidity pools located on PancakeSwap, ELEPHANT/WBNB and ELEPHANT/BUSD. Both liquidity pools are 100% protocol owned liquidity.
Locked liquidity refers to liquidity that has been locked on a dex and can not be removed by the protocol or any 3rd party.
There is a 10% transaction fee on all $ELEPHANT token buys, sells or transfers
HODLers of ELEPHANT will receive non-inflationary passive rewards (RFI rewards) from simply holding the token in their wallet, from every transactions (buy, sell, and transfer) 10% fee; 5% is distributed evenly to all existing token holders, and 5% is added towards locked liquidity.
