The idea
The idea comes from three friends who one day decide to create a token
to evoke the world of retro, without discriminating anyone, really
we know that every day that passes the games and video consoles
old are more fashionable and more expensive because of the
speculation although that is another matter.
What the token intends is in the long term to be able to trade with
the in an own APP or of third parties to be able to acquire products
retro and become known worldwide, although not yet
We have a date to develop the APP if we are going to give it our all
to reach large agreements with third-party APPs and while
so much we can give it liquidity, experience and renown,
Join us in our dream, because our dream is yours.
Tokenomics
30% of the initial token supply was burned. The contract is
launched precisely without pre-sale and in the medium-long term it will be renounced
to the property. RetroCoin (RCOIN) is a community token
100% decentralized.
Total Supply: 1,000,000,000,000,000
Initial Burning: 300,000,000,000,000
Available Supply: 600,000,000,000,000
Available for payment to suppliers: 100,000,000,000,000
RetroCoin Protocol (RCOIN)
RCOIN employs two simple functions: Reflection + Acquisition
of the liquidity fund. In each operation, the transaction is taxed
with a rate of 6%, which is divided into two.
- Commission of 2% = redistributed to all existing holders.
- Commission of 4% = for developers.
Rewards (Reflection)
In a static reward system, the reward amount
it depends on the volume of the token being traded. This goal is
ease downward selling pressure on the token
caused by the first users selling their tokens.
Retrocoin (RCOIN) is a deflationary token that uses
static rewards and reflections to incentivize the "hold" and
discourage swing trading. A 6% tax is taken on
each transaction carried out, 2% is returned to the token holders as
static rewards for ongoing retention and 4% goes to
developers. This constant addition to the liquidity pool
reduces volatility over time, while
Static reflections enrich the holders and reduce the offer.
Liquidity Pool (Permanently blocked)
First, the contract receives tokens for both sellers and
buyers. These tokens are then added to the liquidity pool
creating a solid floor price. 2% of each transaction made
it is added to the liquidity pool. This liquidity pool is blocked
forever and no one can abuse it.
Second, this tax acts as a mechanism for
resistance that ensures the volume of RetroCoin (RCOIN) as
reward for holders. In theory, the aggregate liquidity pool
creates a stability of the liquidity pool supplied by adding the
tax on the general liquidity of the token, thus increasing the fund of
general liquidity of the tokens and supporting the minimum price of the
token.
As RetroCoin Token Liquidity Pool Increases
(RCOIN), price stability reflects this with the benefit of a
solid price floor and a cushion for holders. The goal here is
avoid bigger drops when whales decide to sell their
tokens later in the game, which prevents the price from fluctuating
much as if there were no automatic booking function
liquidity.
This is all an effort to alleviate some of the problems that
we have seen with current DeFi reflection tokens. We are
confident that this model and protocol will prevail over tokens
Think tanks outdated for these reasons.
RetroCoin's liquidity pool (RCOIN) is also
permanently locked. What it means that developers
they can't touch it. It will remain liquid in perpetuity. This together
with the medium-long-term resignation contract, it converts
RetroCoin (RCOIN) in a truly unique token and
decentralized community built.
Burning
The burning of coins directly affects the dynamics of supply and
the demand. The most notable goal is to create a deflationary effect.
RetroCoin (RCOIN) initially burned 300,000,000,000,000 tokens
(30%) of the supply. The current bum wallet also receives those
small rewards, so you continually burn small
amounts of the token supply.
As time goes by, the bum wallet keeps burning the
small amount you receive from rewards, thus contributing to a
continuous and automatic token boom. This mechanism reduces
available offer and, in theory, increases the value of each token that
have users.
RCOIN Token General Knowledge
Symbolic name: Retrocoin
Symbol: RCOIN
Total RCOIN Amount: 1,000,000,000,000,000,000 RCOIN
Token type: BEP-20 (2021-11-25)
BSC Smart Contract: 0x453e21f61e1a84c9a3e55a89be9cb4368e1f0f14
WhitePaper ES: Coming Soon - In Update
WhitePaper EN: Coming Soon - In Update
Website: https://www.retrocoin.co
Twitter: https://twitter.com/retrocointoken?s=11
RetroCoin Team Member: Kiko Albendín
Topic: Retrocoin ($ RCOIN) Project Announcement (Read 49 times)
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