Hey team hope all is well. While I was on twitter I came across a crypto called Milestone. I looked into them and they're super small. Seems like they forked safemoon but made changes to it. Up 150% in just a few minutes!
So I noticed that Safemoon's biggest issue is their "burn" wallet has a public key. Milestone changed that based on what I can see. Their burn wallet is 0x000-> all the way through with no public key.
Also another concept that's new is they create milestones for the community to hit together. So for example on their twitter they mentioned their first milestone is 1k holders. They will distribute 100k tokens once they hit it. Their white paper states they will never distribute more token than the amount that has been burned.
Their white paper states they have a 10% fee.. *** Copied and pasted the fees below ***
Milestone Protocol:
Milestone employs 4 simple functions: Milestone Rewards + Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 4 ways.
* 4% fee = redistributed to all existing holders
* 3% fee = Milestone tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.
* 2% Fee = Burn token into a non public wallet. No body has access to these tokens once they’re burned unlike milestone competitors.
* 1% Fee = Devs start with 0 token and did not participate in the presale. Only way devs receive token is when people purchase or sell Milestone. The 1% will contribute to further development, marketing, legal fees, and future milestones.
The dev wallet had 0 coin in there and is growing as people are buying. They seem pretty transparent but I wanted to hear back from the community and see if this is a good alt/shitcoin to invest in. It's super cheap right now. I got in for $1k so I am invested.. but from more experienced crypto traders is this a rug?
Website:
https://milestonecoin.io/Chart:
https://charts.bogged.finance/?token=0x20fffB3c7812effB29163DF2578D3B72770422B5Pancake Swap:
https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x20fffb3c7812effb29163df2578d3b72770422b5Liquidity Lock:
https://unicrypt.network/amm/pancakev2/pair/0xc7C100f3643F3993eC5227Cb17b087FD87a764bf
