BenykeToken is the token of Benyke Finance Ecosystem. It is a BEP20 smart contract deployed on Binance(BNB) Smart Chain as a utility token by means of which services will be assessed on Benyke Finance platforms.
It is designed to be a reflective, auto-yield, and auto-liquidity generating token, which does not only reward the holders from the trade taxes, but also ensure continuous addition of liquidity to BenykeToken pool.
The total of 7% is deducted per a trade transaction, 1% of which is automatically distributed to the BenykeToken holders according to the proportion of their holdings, 1% goes to the liquidity pool, while 5% goes to the project's marketing/charity wallet.
The 5% is intended for project's marketing, buyback and charity purposes in the ratio 3:1:1 respectively.
The implications is that the users are incentivized for their holdings while continuous liquidity is ensured for BenykeToken. As well, this design assured that the project will not lack in the funding of its massive marketing drives.
More importantly, provision for continuous buyback is regarded essential in driving continuous scarcity and value appreciation of BenykeToken. Every quarter in a given year, the token accumulated in the project buyback wallet will be burnt until it remains half of the total supply of BenykeToken in circulation.
Therefore, with limited supply, strong utility base, plan for periodic burning , provision for massive marketing, and effective liquidity, BenykeToken is poised to be highly rewarding for the holders in the short, medium and long term.