CHADS VC Review
Crypto tokens have been taking the world by storm recently. Representing an asset or specific use on their blockchain, these tokens can be used for investment opportunities, storing value, or even raising money for the release of a product or service.
It seems like everywhere you look, there’s a new token operating on a new smart chain as more and more creators become familiar with the concept and the technology behind it.
So, it seems fairly apt that tokens such as CHAD would appear eventually.
Dubbed a “social experiment with a deflationary coin,” CHAD uses a unique burn curve mechanism that burns more coins when traders sell their tokens for a lower price, raising the value of the remaining tokens. This is creating a market where, in theory, the price of the assets will only ever rise.
The token is community-driven and provides automatic liquidity for pools used on exchanges with every single trade. So, even if someone panics and decides to sell their tokens, liquidity will still be provided to pools.
What Is The Aim Of CHAD?
Using innovative smart chain technology, CHAD’s ambitions are to solve some of the many monetary issues involved with using cryptocurrency and try to keep them stable. At launch, each token is backed by financial commodities such as Bitcoin and BNB, but over time, every CHAD will increase in value, making them a solid investment.
With every transaction, CHAD will charge a small transaction fee, but this is a tax fee and is used to keep the ecosystem running.
What is CHAD Crypto Tokens?
CHAD tokens are the native currency for the CHAD ecosystem that operates on the Binance Smart Chain. It is a BEP-20 token that offers the fairest distribution and an auto-balancing burn mechanism designed to hold the value of the token and provide passive rewards to holders for life.
Rewards come from the transaction fees, with every transaction-be it buying, selling, or merely transferring-holding a 10% fee. 4% of this fee is distributed evenly between all the token holders, 4% is burned, 1% is added to liquidity pools, and 1% will be put into a community fund to attempt to raise enough to be listed on Binance itself.
Simply holding CHAD tokens is enough to receive these rewards, and they do not need to be staked.
In total, there will be one trillion CHAD tokens that will be distributed between marketing and ecosystem development (5%), the developer’s wallet (10%), presale coins (40%), and liquidity pools (45%).
How Does Token Burning Work?
Tokens are burned with every CHAD transaction, raising the price of the remaining CHAD in circulation. More CHAD is burned when CHAD is sold for a lower price, encouraging a high-value token.
Whereas most other tokens that claim to “burn” their coins instead just move them to a dead address, CHAD tokens are genuinely deleted off the blockchain to never be used again.
In this way, holders can see how their CHAD is continually making passive money as tokens are burned.
How Does Tokenomics Work?
The original circulating supply of CHAD was fixed at 1 trillion, and no more will ever be minted. As some of these are burned, there will be fewer in circulation, therefore boosting the cost of the remaining CHAD.
To encourage people to hold onto their CHAD, all transactions come with a 10% slippage fee. This high percentage of tax also helps to prevent price manipulation; trying to sell $100 worth of CHAD would result in only $90 getting sent.
As mentioned above, all the taxes earned from transactions are returned into the ecosystem and redistributed between token holders and the liquidity pool.
CHAD’s Key Characteristics
With its auto-yield Defi structure and easy-to-understand ecosystem, CHAD is a great way to generate revenue and earn passive income by simply holding onto it.
Burning tokens in the way CHAD does guarantees the coin will stay strong and may even result in an anti-inflation situation where you are constantly getting more for your money.
CHAD also hosts an NFT MEME marketplace on its platform. Here, holders can use their CHAD tokens to bid in the auction for MEMEs and even sell or trade MEMEs that they own, if they have any.
Despite its wacky name and business model, CHAD has huge potential for investors as an alternative to regular cryptocurrencies. Operating on the Binance Smart Chain and utilizing smart contracts in the way CHAD does, creates a world of investment opportunities and genuine passive income for life.
With its automatic burn mechanism, CHAD will always remain a strong coin on the smart chain, and you can simply sit back and enjoy watching your tokens rise in value without you needing to do anything. If you’re ready to invest in a passive future in which you can stay financially sound, CHAD could be the token you’re looking for.
- Dubbed a “social experiment with a deflationary coin,” CHAD uses a unique burn curve mechanism that burns more coins when traders sell their tokens for a lower price, raising the value of the remaining tokens.
- In total, there will be one trillion CHAD tokens that will be distributed between marketing and ecosystem development (5%), the developer’s wallet (10%), presale coins (40%), and liquidity pools (45%).
- Tokens are burned with every CHAD transaction, raising the price of the remaining CHAD in circulation.
- With its auto-yield Defi structure and easy-to-understand ecosystem, CHAD is a great way to generate revenue and earn passive income by simply holding onto it.
- CHAD also hosts an NFT MEME marketplace on its platform.