Website: (coming soon)
Coin name: Stak Sats (SATS)
Coin type: Variable-Deflationary Privacy Token
Initial supply: 21 million Tokens
Burn rate: Variable with a 0% burn at 2.1 million.
STAK SATS is the latest token to test the feasibility of a deflationary PRIVACY currency!
You can think of this project as a baby Bitcoin, only deflationary. It will begin where Bitcoin ends, at 21M tokens.
Each time SATS are transferred, a percentage of the transaction is destroyed. There is a variable burn rate with the project. Initially the burn is a relatively high 5%, but as scarcity increases, the burn mechanism will reduce, all the way down to 2%, and finally 0% burn at 2.1 million tokens.
The key feature of STAK SATS is that it will have a floor. A possible major design flaw of other deflationary tokens, is that when you get down to the end of the supply eventually there will be someone or a group of people holding the bag as there may be no more buyers. Eventually it will self destruct. STAK SATS is different! It will burn 90% down to 2.1M - once this limit is hit, the burn will stop, and 2.1M will remain in circulation and the laws of supply and demand will determine the future price.
SATS Token Distribution - 21,000,000
16,750,000 Airdrop (80%)
4,250,000 Dev Ecosystem (20%)
Burn Rate
At or Above 19 Mil tokens - 5%
At or Above 15 Mil tokens - 4%
At or Above 13 Mil tokens - 3%
At or Above 2.1 Mil tokens - 2%
Below 2.1 Mil tokens - 0%
TELEGRAM ANNOUNCEMENT CHANNEL
https://t.me/Stak_Sats_OfficialTELEGRAM DISCUSSION CHANNEL
https://t.me/staksatschatFOLLOW US ON TWITTER
https://twitter.com/StaksatsETHERSCAN
https://etherscan.io/token/0xa549f4b97471a901ad2d5467cc9bf7d0033458ed#balancesAIRDROP ONGOING - ends on July 31
TELEGRAM AIRDROP
MESSAGE @Staksatsbot TO EARN TOKENS
BOUNTY TIME! We need a website - as this is a community project we are looking for any community members with web skills to create and host a website for us. We will provide details and info as required, you blow us away with a clean, simple website. Contact roox911 with your interest!
Bountry reward - 50,000 Stak Sat Tokens!
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