What is GIVE Token (GIVE) | What is Givetoken (GIVE)
In this article, we’ll discuss information about the Givetoken project and GIVE token
GIVEToken (GIVE) is a community-driven, fair-launched DeFi project built on HECO Chain #HECO. Main functions occur during each trade:
- Reflection
- LP Acquisition
- Burn.
- Charity
GiveToken brings the most revolutionary mechanism to the HECO ecosystem:
- Earn $HT just by holding $GIVE token
- GIVE $HT for donate charity
Total Supply: 1 Quadrillion $GIVE (1,000,000,000,000,000)
- 0.5% for creator & promotor
- 4.5% for foundation & developer
- 2% for marketing with referral program
- 1% for marketing with airdrop & holding NUT program
- 1% for operation & internal management
- 1% for listing fee (MDEX)
- 90% for the fair launch and locked
10% tax on transactions
- 4.5% of every transaction contributes toward automatically generating further liquidity
- 4.5% of every transaction is taken and re-distributed to all GIVE holders in $HT
- 0.5% to the charity wallet, which donates on a weekly basis.
- 0.5% used as a marketing fund, through the referral program from NUT DEX
Token address: 0xfD6643b3959F4114f39eFa2f4484703fAfc47f00
Tokenomics
With a charity wallet set aside from the initial supply, and an aggressive transaction tax distribution, $GIVE allows you to earn big as you hodl
NUT DEX give 900 HT to create the first locked liquidity.
- NUT DEX use 900 HT to buy 90% GIVE total supply
- Create a first LP: GIVE - HT with 900HT & 900,000,000,000,000 GIVE. After that NUT team will locked this LP, by remove owner of this LP
Anti Pump-Dump-Exit Whales
- Transactions (sell/buy/transfer) that trade more than 0.01% of the total supply will be rejected.
- If whales want to make a transfer (between 2 wallets) that is larger than 0.01% of the total supply, they can use the Disruptive Transfer feature: the transfer will be charged for 2 HT
Liquidity Locks
On 24 June, at the initial launch, we locked all LPs:
- 90% for the fair launch and locked
- NUT DEX use 900 HT to buy 90% GIVE total supply
- Create a first LP: GIVE - HT with 900HT & 900,000,000,000,000 GIVE. After that NUT team will locked this LP, by remove owner of this LP
Earn HT
You collect HT by accessing the dashboard page at https://givetoken.co
4.5% of every transaction is taken and re-distributed to all GIVEToken holders in $HT.
You will have to wait for a specific duration called cycle (about 1 week) to collect your HT reward.
In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $ balance, the waiting duration will proportionally add up with the cycle.
(If you sell $GIVE it does not affect your cycle)
For example, on the first day of your cycle, you add up more 5% $GIVE , you have to wait: *5%7days = 8,4 hours more. That means you can collect HT after 7 days and 8,4 hours.
But if the threshHoldTopUpRate >= 100%, the waiting duration will add up max to 7 days.
For example, on the first day of your cycle, you add up more 100% $GIVE , you have to wait: 7 days more. That means you can collect HT after 14 days.
This will prevent cheaters who try to add more $GIVE at the end of each cycle.
Collect HT Tax
If you collect more than 1 HT, 20% of it will be used to buy back $GIVE at the market price and burn them immediately. This feature helps deflate the supply and increase the price of $GIVE for long-term $GIVE holders.
How and Where to Buy GIVE token?
GIVE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GIVE token.
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.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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 - Transfer your cryptos to an Altcoin Exchange
Since GIVE is an altcoin we need to transfer our coins to an exchange that GIVE can be traded. Below is a list of exchanges that offers to trade GIVE in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase GIVE from the exchange.
The top exchange for trading in GIVE token is currently Stellarterm and MDEX
Find more information GIVE
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation ☞ 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
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