What is Ditto (DITTO) | What is DITTO token
Ditto Money
The first elastic supply token on the Binance Smart Chain.
Elastic Supply
The goal of Ditto is to maintain a stable price of 1$.
In order to achieve this, our supply will adapt to changes in demand. All supply changes apply equally to every wallet holding Ditto. You will always have the same % of the total supply.
The supply changes occur during an event called Rebase. A Rebase can be negative (supply shrinks) or positive (supply grows). If the price target is met no Rebase is needed and the supply will remain unchanged.
Dynamic rebases
Negative rebases are amplified to make Ditto return into positive rebase territory faster. This prevents long periods of negative rebases. Rebases can also be triggered up to 6 times per day, resulting in a token that maintains its peg very efficiently.
Stable peg
Just like its real-life counterpart, Ditto token efficiently morphs in the form required to maintain a $1 peg. This makes Ditto a stable store of value that is unaffected by the volatility that plagues other cryptocurrencies.
Fast, low cost transactions
Elastic supply currencies on Ethereum are too slow and expensive for mainstream use. Since Ditto runs on Binance Smart Chain, Ditto users and liquidity providers pay very little fees and get quick confirmations.
Trustless oracles
Ditto uses time-weighted average price (TWAP) price feeds generated by on-chain AMMs. There is no dependence on external Oracles that could be manipulated.
DITTO Public Sale Announcement
The wait is finally over. We are excited to announce our upcoming public sale.
There will be two ways of participating in the DITTO public sale:
- directly on the ditto.money website
- via the IFO on PancakeSwap
Click here to find out more about the IFO.
**SALE DETAILS **☝️
Sale date/time: Wednesday 23 December at 3pm-4pm SGT / 8am-9am CET
**Amount to be raised: **$1,260,000 USD
$630,000 USD in CAKE-BNB LP tokens (via IFO)
$630,000 USD in BNB (via sale on ditto website)
Tokens to be sold: 1,400,000 DITTO (70% of total DITTO supply)
700,000 DITTO via PancakeSwap(35% of total DITTO supply)
700,000 DITTO via our website (35% of total DITTO supply)
Price per token: 1 DITTO = $0.9 USD
Initial listing: DITTO will be listed at $1,00 on PancakeSwap right after the sale is completed.
**Initial liquidity: **We will provide initial liquidity of 200k (100k in DITTO + 100k in BNB). The liquidity will be locked for one month.
IMPORTANT NOTE:
Tokens transfers will be locked during the sale. That means that users will NOT be able to transfer DITTO tokens until the sale is complete. This is done to ensure a controlled liquidity provision process and to prevent automated arbitrage during the time of the sale. The transfer lock will be released at 4:05pm SGT.
**Initial Circulating Supply (Day of sale): **1,400,000 DITTO
**Unsold tokens: **In case any tokens remain unsold, we will let the community vote on their future… (e.g. burn all, burn daily/weekly, use them for partnerships e.g. Syrup pool, use them for weekly airdrops to top 100 DITTO holders, etc.)
**First rebase: **The cooldown on the Dashboard will start once the initial liquidity is provided.
**GENERAL INFORMATION **☝️
Contract Address: https://bscscan.com/address/0x233d91A0713155003fc4DcE0AFa871b508B3B715
DITTO Token Distribution
- 70% public sale
- 15% LP staking rewards
- 10% ecosystem fund
- 5% initial liquidity
Would you like to earn DITTO right now! ☞ CLICK HERE
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