RBT is an experimental BEP20 fixed-supply token designed with an aggressive deflationary mechanism on the Binance Smart Chain with a fixed total supply of 1,00,000.
Most tokens are by design inflationary and their supply will keep on growing even without any demand or use case. With the current meme token season, where billions or even gazillion tokens are minted with no utility, this issue becomes even direr.
Furthermore, many tokens with fixed supply rarely generate enough transaction volume to create value for holders. Resorting to a grand last-minute token burn event is also usually counterproductive and actively promotes the expected pump and dump fallout.
At launch, a total supply of 100 000 RBT will be minted. After this initial minting process, no more RBT can ever be created again. Every RBT transaction will incur a 1% transaction fee. This fee will get deducted from each transaction, burned, and converted into Robust Reward (RBW). Effectively, every transaction will contribute to the reduction of the total supply of RBT.
RBW will represent the holder's share in the Robust Protocol ecosystem. It will be used for the governance of the ecosystem and confer voting rights to the holder. RBW will also be the primary token for bootstrapping all future projects under the Robust Protocol ecosystem.
Check the website and docs for more details.
Website:
https://robustprotocol.fi
Telegram:
https://t.me/robustprotocol
Twitter:
https://twitter.com/robustprotocol
Medium:
https://robustprotocol.medium.com
GitBook:
https://docs.robustprotocol.fi
Topic: ROBUST TOKEN - An experimental BEP20 deflationary token on BSC. (Read 70 times)
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