What is Golden Duck (GOLDUCK) | What is Golden Duck token | What is GOLDUCK token
In this article, we’ll discuss information about the Golden Duck project and GOLDUCK token
The DeFi sector has exploded over the past few years. Yield Farming and Staking have taken the DeFi sector by storm, with participants earning by locking their tokens for a time.
Generally the above concepts of Yield Farming and Staking have one downline: impermanent loss (IL). To make it simple, if farming/staking and the value of the token changes significantly, even though you still get farming rewards, their value will be far less than had you simply held on to the tokens. The only way is to completely avoid IL is not a farm.
This is how GOLDUCK provides an excellent solution: You don’t have to farm, stake your $GOLDUCK, simply hold it your wallet and you will get rewards.
◾️ GOLDUCK is 100% decentralized community token. No rug is possible. All your $GOLDUCK Tokens remain in your wallet at any given time.
◾️ GOLDUCK employs 3 simple functions which increases investors’ value: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 4% fee, that splits in 2 ways.
- 2% fee = redistributed to all existing holders
- 2% is locked in liquidity 🔐. This means your GOLDUCK token amount will increase directly in your wallet as the GOLDUCK total supply decreases.
How it works
Buyers and sellers pay a tax (4%), this tax is redistributed to the holders.
2% is shared between all holders and 2% is burned. This means your GOLDUCK token amount will increase directly in your wallet and the GOLDUCK total supply decreases!
There is no need for staking or farming elsewhere since the reward feature happens directly on chain!
A total of 100 Trillion GOLDUCK tokens were created at listing and since then we have burned more than 50 Trillion GOLDUCK and the supply will keep decreasing and be redistributed directly to the wallets of holders.
Token Address: 0x1a1c6f9F6B4E535130E9b1de46bBc76130b61Feb
Tokenomics
Total Supply: 100 Trillion
Seeded as Liquidity: 50 Trillion
Burned: 50 Trillion
100% Decentralization
No team allocation at launch means that GOLDUCK is 100% community driven. Contract creators or dev must buy from Pancake swap just like how community buys.
Yield Generation Protocol
Buyers and sellers pay a tax (4%), which is redistributed to holders. 2% is locked in liquidity and 2% is shared between all holders proportional to the amount of $GOLDUCK held.
Deflationary Burn
50% of the supply has been sent to the burn address. As this address also participates in the protocol, it accumulates more tokens, thereby effectively removing them from circulation.
Unruggable – 100% Safe
LP tokens were burned thereby locking initial liquidity forever in pancake swap.
Autolocking Liquidity
2% of each transaction is locked to liquidity forever. This contributes to less volatility and a continuously increasing price floor.
Fair Launch
Golduck has been stealth launched. Majority of GOLDUCK supply was seeded as liquidity.
How and Where to Buy GOLDUCK?
GOLDUCK token is now live on the Binance mainnet. The token address for GOLDUCK is 0x1a1c6f9F6B4E535130E9b1de46bBc76130b61Feb. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
1. Transfer your BNB from exchange to your wallet. (BEP20)
2. Open Pancakeswap.
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
3. Connect your wallet.
4. Paste the Contract address: 0x1a1c6f9F6B4E535130E9b1de46bBc76130b61Feb on the swap.
5. Change the slippage. Try 5% or %6 first, if still not succeed, increase it up until 12. For express transaction, just use 11% directly.
6. Swap from BNB to GOLDUCK
7. Add token to your wallet. If can’t find, click on custom token and add the following info:
Contract Address : Paste this: 0x1a1c6f9F6B4E535130E9b1de46bBc76130b61Feb
Name : Golden Duck
Symbol : GOLDUCK
Decimal : 9
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once GOLDUCK gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information GOLDUCK
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
#blockchain #bitcoin #golduck #golden duck
