🌌Distribution
Deflationary Token that encourages long term sustainability.
General Distribution Strategy
Our tokenomics are extremely important to establish a stable and growing price floor, as we are a deflationary token imposing a tax via every transaction providing a continuous burn of tokens.
On buys, 3% of tax goes directly into the burn wallet along with a 4% reflection tax that distributes tokens to every holder that holds in their wallet, based on their respective holdings.
Our "Black Hole" address is known as our Burn wallet. With the reflections tax constantly giving tokens to all holders, the "Black Hole" wallet continuously takes in that tax as well as the 3% burn on buy orders. What does this do, and why is it important? The diminishing supply will help make sure to keep up with the demand of our token. As more tokens burn, the less tokens overall there are in total supply, thus gaining a price appreciation over time without the need for constant buy pressure on the token itself to facilitate investor confidence.
This approach will ensure that investors who are not intending on taking part in our Play to Earn system will see that our token functions properly to help price appreciation and also effectively reduces supply avoiding any inflationary issues. This is an established and observable problem with tokens that are part of the play to earn environment. The longevity of the Miami-Land token is our top priority, so we are addressing the current Play 2 Earn deficiencies by establishing these features.
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