https://i.imgur.com/ZHraT19.jpgWHAT IS EOM?EOM (eelonmusk)is a frictionless, yield-generating contract. The protocol was launched on June the 16th, 2021 on Binance Smart Chain (referred to as BSC). The token contract employs a static reward system—9% of every transaction is split into three parts 4%is distributed to holders, 3% is used to fuel the liquidity pool on the PancakeSwap decentralized exchange, while the other 2% is burned to create raising pricefloor. The tokens are permanently locked in the LP, effectively reducing the available supply. The token was launched with the idea of creating a community token with a self generating income mechanism for its owner, while it is not a new idea, we believe the percentages we utilized will provide better return to investors in the long run.
The static rewards system is a concept that was pioneered by reflect.finance and popularized by Safemoon and Australian Safe Shepard (ASS). It is a great alternative to the usual high-APY liquidity farms out there because of its unusually sustainable approach. The reward amount is conditional upon the volume of the token in the marketplace, thus alleviating sell pressure put on the token by early investors. In addition to all aforementioned, the mechanism encourages token holders to hold on to their tokens in order to earn taxes from the transactions on the market, which is based upon the percentage specified in the contract and dependent on the total tokens held by the owner.
TOKEN INFORMATION * Network: Binance Smart Chain (BEP-20)
* Contract address: 0xa31f3e59ccee9054b1a4c535519803b6a0642274
* Decimals: 9
* Total Supply: 1,000,000,000,000 EOM
Visit the official website
http://www.eelonmusk.xyz/
