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Topic: Sponge Square token (Read 43 times)

hero member
Activity: 1722
Merit: 895
January 12, 2022, 03:51:40 PM
#2
The project was born in the middle of the explosion of the DEFI world, from an idea of young entrepreneurs who want to introduce the fundamentals of the crypto world in everyday life, breaking down the preconception that often binds the cryptocurrency to the purposes of mere speculation. SpongeBob Square is created, in fact, to be the very opposite: it is indeed a token by its nature deflationary based on the BSC, as each transaction is subject to commission of 10% so divided: 5% redistributed to all holders (in proportion to the amount of tokens in the wallet). 2.5% is sold in BNB and is combined with the remaining 2.5% of SpongeBob Square and deposited in PancakeSwap as liquidity pool. Obviously this discourages the use of SpongeBob Square as a speculative tool and makes it a true store of value. And this is only one of its many peculiarities.

http://www.spongebobsquare.com/
Then what is the development concept that they want to achieve, from the results you made I can collect this with, there are still things that are summarized, meaning we have to do it, so that this can be used as a reference for anyone, because honestly I don't understand what their development concept is, but when it comes to BNB deflation and commissions it is common knowledge to my knowledge, because to collect liquidity is not easier than storage in pancake swaps, I hope I don't misunderstand this.
newbie
Activity: 1
Merit: 0
January 12, 2022, 03:00:04 PM
#1
The project was born in the middle of the explosion of the DEFI world, from an idea of young entrepreneurs who want to introduce the fundamentals of the crypto world in everyday life, breaking down the preconception that often binds the cryptocurrency to the purposes of mere speculation. SpongeBob Square is created, in fact, to be the very opposite: it is indeed a token by its nature deflationary based on the BSC, as each transaction is subject to commission of 10% so divided: 5% redistributed to all holders (in proportion to the amount of tokens in the wallet). 2.5% is sold in BNB and is combined with the remaining 2.5% of SpongeBob Square and deposited in PancakeSwap as liquidity pool. Obviously this discourages the use of SpongeBob Square as a speculative tool and makes it a true store of value. And this is only one of its many peculiarities.

http://www.spongebobsquare.com/
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