MangoManCoins-Acasestudyforburningoftokens&listingonXTExchange
Thebirthofmangoman memecoinisattributedtothe ideaofmotivatingcrypto beginnerstodowellinthis arena. Mangomanishyperdeflationary coinwithstaticreflectionwhich rewardsholdersmoreMango mancoinsareautomatically addedtothewalleteachtime transactionismade.
Greatexperience,fresher inductionpointsand5%hold fromeachtransactionis automaticallyredistributedto themangomanholders. TheMANGOMANtokenis strictlyautilitytokeninall jurisdictionsandisnotand cannotbeconsideredtobea "Security"orotherwiseregulated tokenofanykind.
MANGOMANisnotinany waye-moneyand/orfiat money,oranassetbacked stablecoin,whetherglobalor limitedinscope. MangoManemploys3 simplefunctions:Reflection LPacquisitionBurn.
5%fee=redistributedtoallexisting holders&5%feeissplit50/50halfof whichissoldbythecontractintoBNB, whiletheotherhalfoftheMANGOMAN tokensarepairedautomaticallywiththe previouslymentionedBNBandaddedasa liquiditypaironPancakeSwap. WhyBurnTokens?>ToIncreasea Coin'sValue:Thebasiceconomic lawofsupplyanddemanddictates thatifthesupplyofsomething decreases,thenthepricewillhave torise,assumingdemandremains constant.
>AsaSignofLong-Term cCommitment:Theownersofaryptoprojectsometimesburncoinsontheirnetworkasashowofcommitmenttowardscarcity. Maintainingacertain degreeofscarcitymakes everyoneholdingthose coinsalittlericher.
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