DancingBanana ($DANCE)Distribution & Roadmap
DancingBanana is an NFT dynamic platform established by geeks of the early Internet community GeoCities.
Below is the introduction of DancingBanana Token and Tokenomics
TOKEN : $DANCE
TOTAL SUPPLY : 1,000,000,000,000
TOKENOMICS :
10% tax deduction for each transaction;
2% goes to the black hole address;
1% goes to the currency holding dividend;
2% goes to the liquidity mining pool, as a reward for providing liquidity.
5% goes to the ecological fund pool, and the holders vote to determine the
PHASE 1
1. 10% tax deduction for each transaction, 2% goes to the black hole address; 1% goes to the currency holding dividend; 5% goes to the ecological fund pool, and the holders vote to determine the purpose of the fund; 2% goes to the liquidity mining pool, as a reward for providing liquidity.
2. You can initiate a proposal by spending (Amount) DANCE. The proposal time is seven days. All the spent DANCE is injected into the liquidity pool to increase the depth of the DANCE.
3. DANCE is a 100% decentralized community. The governance rights of the community are all delegated to community members. Browse all the community votes, choose the proposal you support or oppose, (Amount)DANCE for each voting change, and every propose can only vote one time. All the DANCE will be injected into the liquidity pool, increasing the market depth of DANCE.
4. Liquidity mining distributes rewards every 10 minutes and evenly distributes the DANCE in the liquidity pool to all liquidity providers.
PHASE 2
1. When the number of black hole pools exceeds 100 billion, will start a new rule.
2. 3% tax deduction for each transaction, 1% will be in the black hole address; 1% will be the ecological fund pool, and the token holders can vote to determine the fund’s purpose; 1% will be the liquid mining pool as a reward for providing liquidity.
3. Phase 2 will be planing to listing on a centralized exchange.
DancingBanana ROADMAP
$DANCE FEATURE
✅ Hold = Mining
Every transaction in Dance has a 10% handling fee, of which 1% is automatically distributed to all token holders.
For each transaction (buy or sell), the contract will automatically allocate 1% of the handling fee to all token holders according to the token holder’s proportion of tokens, that is, “Hold = Mining.” This means if someone buys or sells Dance Coins, 1% of his purchases will be deducted and distributed to all coin holders. The purpose of this is to encourage investors to hold stable and not sell. It is estimated that the annual dividend can reach 50%.
✅ Destroy Deflation
Every transaction in $Dance has a 10% handling fee, of which 2% is automatically entered into the black hole address.
For each transaction (buy or sell), the contract will add 2% of the handling fee to the black hole address. No one has the right to move the assets of the black hole address. In other words, it is directly destroyed and permanently destroyed. In this way, the total amount of tokens will become less and less, and there will be less and less circulation in the market. With the deflation destroy of Dance, the $Dance is becoming more and more valuable.
✅ Mobility Self-growth
$Dance has a 10% commission for each transaction, of which 2% is added to the liquidity growth pool.
As we know, new projects will generally face insufficient liquidity in the initial stage of the pool. If no investors actively add liquidity to the pool, it is infrequent for the increase in the currency’s price to drive the depth of the pool. Therefore, many projects without self-increasing liquidity will face a severe shortage of pool depth, which significantly hinders the project’s further development. Therefore, $Dance has designed a liquidity supply pool, and Each transaction will automatically add 2% to the liquidity pool.
✅ Ecological Governance Pool
Every transaction of $Dance has a 10% handling fee, of which 5% is added to the ecological governance pool.
The charm of the blockchain is decentralization. Only projects in which everyone participates in governance can continue. All currency holders determine the use of funds in the ecological governance pool. In the later stage, DancingBanana will design a governance product. Holders can initiate a proposal by staking a certain amount of $Dance. For example, if user A thinks of an idea that can use the funds to help DancingBanana develop, then user A can initiate a proposal by staking a certain amount of $Dance. If half of the community votes pass, it will automatically execute the idea through the smart contract.
The Renaissance of the Classical Internet — DancingBanana is an NFT dynamic platform established by geeks of the early Internet community GeoCities.
Connect with us:
Website: https://www.dancingbanana.org/
Twitter: https://twitter.com/DancingBananaEn
Telegram: https://t.me/DancingBananaGlobal
Instagram: https://www.instagram.com/DancingbananaOfficial/
Medium: https://dancingbanana.medium.com
