JeToken is a hyper-deflationary token, which rewards investors for holding tokens, while also incorporating the Buyback approach currently present in the stock market. What is Buyback? If a particular stock has low value, but has the potential to perform better in the future, often companies will announce a buyback of the stock in the open market. Once companies announce the buyback, investors gain more confidence to purchase, and hold the stock as well. Additionally, the demand increases as the company starts buying the stock, which ultimately will drive the stock to raise.
JeToken collects 6% Buyback tax on each transaction and maintains it under contract. Whenever a Sell happens, a fraction of the Buyback amount is used to automatically buy from the Liquidity Pool and burns those tokens accordingly. What’s So Great About That?
Increase in Value ○ After the tokens from the Liquidity pool are bought, the new BNB amount is added to the pool and the amount of the tokens are reduced, which results in an increase in price.
Free BNB ○ Once those tokens are burnt, it is like adding free BNB to the pool as there are no tokens to sell in the future.
Trust & Reliability ○ Investors can be relentlessly hesitant, and often get spooked by a bearish market. ○ Because of the Buyback, Investors will never see more than 2 Sells at any time and 98% of the time, they will only see one Sell as there will always be a Buy from the contract. Bonus Holder Advantages ● 2% rewards redistributed on every transaction ● Join a trusted network of investors, who are confident in the BuyBack contract, and understand the potential for growth in implementing this concept. ● Once the investors know that contract always buys after every sell, they feel confident about raise of the price and continue holding Tax Breakdown ➔ 2% rewards to holders ➔ 3% marketing tax ➔ 6% Buy-Back tax ➔ Slippage: 13%.
Staking currently in development and will be add to this white-paper.