Martian Token ($MARTIAN)
Martian Token
Token Name | Martian Swap |
Token Symbol | $MARTIAN |
Contract | |
Chain | BEP20 |
Max Supply | unlimited with deflationary measures (auto burn, LP locking) |
Initial Mint | 250,000 (to seed liquidity pools + marketing) |
Purchase |
Transfer Tax
Total Transfer Tax | 5% transfer tax on each transfer as follows: |
Burn Rate |
|
Liquidity Rate |
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Emission Rate
Tokens/Block | 50 $MARTIAN/Block |
Daily Token Supply | 1,440,000/$MARTIAN/Day |
Dev Team | 9.09% - to ensure essential growth of the project |
Why No Cap?
There's currently no hard cap on the supply of MARTIAN, making it an inflationary token.
Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future.
MARTIAN's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
How is MARTIAN Supply Is Reduced Without A Hard Cap?
1. Reducing Block Emission
By reducing the amount of MARTIAN generated per block, we slow the inflation. For the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
2. Transfer Tax
MARTIAN now has a 5% transfer tax in each transfer. 1% is burned directly and the rest 4% is added to MARTIAN-BNB liquidity pool and locked. This deflationary mechanism will help us to reduce the circulating supply of MARTIAN which will release sell peruse a lot.
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