Come, Let Me Tell You About The Crypto Election Project! by Michael McNaught - HTML preview

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Tokens

Sleepy Joe Token [SJT] & Donald Hump Token [DHT]

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As mentioned in previous sections, the SJT and DHT tokens are used to grant access to the web3 games on the game gallery, and they are also used to grant a discount to NFT buyers who are project members. The tokens in your crypto wallet will never be used up during the two cases mentioned above.

 

However, through token trading, that is the buying or selling of SJT or DHT tokens, there is a 5% Buy/Sell tax that is incurred upon each transaction. The 5% tax is distributed as follows:

● 2% is burnt.
● 1% is dispersed to the crypto wallet of project members.
● 1% is sent to the Uniswap liquidity pool.
● 1% is sent to the project’s Marking/Development crypto wallet.

There is a total token supply of 25 Trillion with an initial burn of 15% of the total supply. The current amount of tokens that's burnt so far is displayed in realtime on the project's homepage. 45% of the token’s total supply was used to set up the liquidity pool on Uniswap. The token’s liquidity LP token has been locked for a period of 5 years and expires on 13Aug2029. The ownership for the smart contrasts for each token has been renounced. Therefore, the developers of this project are no longer able to make any changes or alterations to the token’s contracts. All information needed to do your own research is displayed on the project's homepage. Please do your own research!

 

Besides the project’s maintenance and operation cost, the idea behind the token tax is to use it as a deterrent to early token dumping. The goal is that as the project’s token supply is burnt, as the project increases in popularity, and as the project membership grows, the tokens you hold will steadily increase in value over time. Well, that's the hope!

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