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What is TendaCoin?
Static Rewards, LP Acquisition, Automatically Burn
A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in. However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This Is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.
Why Static?
Static rewards solve a host of problems. First, the reward amount is conditional upon the volume of the token being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s. Second, the reflect mechanism encourages holders to hang onto their tokens to garner higher kick-backs which are based upon a percentages carried out and dependant upon the total tokens held by the owner.
Automatically Burns
Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the automatically burn and the amounts can be advertised and tracked. TendaCoin aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of $TND burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
Automatic Liquidity Pool (LP)
Automatic LP is the secret sauce of $TND. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor. Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of $TND as a reward for the holders. In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply. As the $TND token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function. All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection tokens. We are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons.
Tokenomics
Total Supply: 20,000,000,000,000,000
Burned Dev Tokens: 3,000,000,000,000,000 (Continue to burned automatically each transaction)
Fair Launch Supply: 2,500,000,000,000,000 (Will decrease after each transaction)
Listing Pancakeswap: 2022-04-10 13:00 PM (UTC)
TendaCoin
TendaCoin employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 4% fee, which is split 2 ways.
- 2% fee redistributed to all existing holders
- 2% fee add to the liquidity pool and burned
Safety
Step by step plan to ensure 100% safety.
Step 1: Burned all tokens in Dev Wallet prior to launch.
Step 2: Fair launch add liquidity on Pancakeswap.
Step 3: Liquidity locked on Team Finance for 3 years.
Step 4: Liquidity generated with every trade and locked.
TendaCoin Airdrop for you to join and win!
Get 2,000,000,000 $TND for joining our Telegram Group and Channel.
Get 2,000,000,000 $TND for joining our Instagram Account.
Get 2,000,000,000 $TND for joining our Twitter Account.
Get 1,000,000,000 $TND for each referral.
Please do required task to be eligible to get airdrop tokens.
Airdrop will end at 12th May and distribution start at 15th May.
Join: https://t.me/TendaCoinAirdrop_bot
Sharukh Khan
Shahrukh writes all things about the blockchain and cryptocurrency. He studies Business and Economic Reporting.
