Errant Sperm Token (SPERM) The world's first ERC-20 token that facilitates child support payments and holders earning interest from transactions. Triple airdrop (100 million) to support launch during first 90 days. Launched on Ethereum Mainnet. Utilizes proxies for future upgradability. Airdrop will give away 100M tokens during first 90 days following launch! Top holders get equal share of Airdrop tokens at 30 day intervals.
Contract ID: 0x28eb435bf6fac59186ff99c3ad6f30fb04e9e5bf (Ethereum Mainnet)WEBSITE: http://errantsperm.com/DISCORD: https://discord.gg/nDczGz8XHow To Trade: http://errantsperm.com/howtotrade/Announcements: https://twitter.com/errantsperm
Charts & trading: https://www.dextools.io/app/uniswap/pair-explorer/0x4fc86620f7722773057f2ba19901bccba6d9df8fToken FeaturesParticipate in child support payments and earn interest from every transaction
- Fee Staking: 2% of every transaction is staked to holders
- Low Fees: Only a 1% TX fee is collected to support ongoing operations
- Full reporting: Developing human readable reports for record keeping purposes
- Charity: 10% reserved for supporting funding for child support grants
Earning interest through fee stakingEvery transaction with the exception of those linked to exchange accounts will be charged a flat 3% fee. 2% of the fees collected are distributed to other token holders based on weighted balances. This means you can earn more tokens simply by holding them. This benefits those who purchase their tokens to make child support payments and those who who earn interest by holding received child support payments. Investors can also earn interest if they are interested in just trading and holding the tokens as well.
Fast transaction confirmationsNobody wants to wait hours for their payment to arrive. Most transactions on our network are processed within 30 seconds or less. When payments arrive promptly, angry calls to suspected deadbeats are eliminated. Please note this doesn’t solve the problem of having to listen to them demand more money or claim extraneous expenses. You are on your own dealing with that.
Full record keepingOne of the largest complaints in the world of child support is that payments made in cash are difficult to prove in court. Nothing is more disheartening that going to court and having your child’s parent claim you never paid because you don’t have a receipt. SPERM is completely trustless. Every transaction is recorded on the ledger permanently and we are committed to developing tools which will allow users to produce human readable statements verifying their payment history should any discrepancies arise.
The POWER of SPERM!!!Earn interest without the need for delegation!
2% of each transaction is automatically distributed to holders in the form of a reward with no need for farming or staking! This means the amount of tokens in your wallet will forever increase as transaction velocity increases.
SPERM resides within a class of token that rewards holders just for holding. The amount of rewards received increases over time the longer an holder holds. Holders are also rewarded for the success of SPERM with higher transaction volumes leading to increased fees, and rewards for distribution.
Launch supported airdrop - The launch will be supported by three airdrops. After 30 days, 20 million SPERM tokens will be distributed equally to the top 200 holders. After 60 days, 40 million additional SPERM tokens will be distributed equally to the top 200 holders. After 90 days, 40 million additional SPERM tokens will be distributed equally to qualifying holders within the top 100 holders with the largest balances. In order to qualify for the 3rd airdrop, a holder would have to have received the airdrop for at least one of the two initial airdrops and be in the top 100 holders at 90 days after launch. This should yield a large payoff for early adopters who steadily accumulate tokens during the first 90 days. Team and exchange accounts will be excluded from the airdrops. Additional airdrops may be announced after the first 3 have completed if the token has gained significant traction. This will put 26% of all coins into the public domain within the first 90 days.
The SPERM token also utilizes a proxy contract. This allows us to update the contract with new features if they become required in the future.
TOKENOMICSSPERM Token Supply (SPERM): 1 Billion = 1,000,000,000
No more will ever be minted. Ever.
✓ 0% pre-sold
✓ 74% reserved for launch marketing, future airdrops, partnerships, development, and operations
✓ 6% distrubuted slowly through intiial and subsequent liquidity pools over the first 90 days. Additional coins may be released during the first 90 days if there is significant demand. However, these will only be distributed through liquidity pools.
✓ 10% will be reserved for future use in subsidizing child support payments for families in need. Payments will start once the token achieves a $100m USD marketcap.
✓ 10% (100 million) will be distributed via 3 airdrops at 30 (20m tokens), 60 (40m tokens), and 90 (40m tokens) days from launch to the top 200 holders of record. Holders will have to compete for a scarce supply of tokens in order to secure their eligibility for the two initial airdrops. In order to qualify for the 3rd airdrop, holders must have qualified for one of the previous two airdrops and they must be in the top 100 accounts when we hit 90 days from launch. Participants in the 3rd airdrop will receive a larger share of tokens than the previous 2 airdrops and we view this as a way to reward early adopters who accumulate early.
✓ 3% fee collected from every transaction
✓ 2% is distributed to holders. All holders will stake a portion of these fees.
✓ 1% is collected for future marketing, development, and operations
✓ partner exchanges accounts are exempt from per transaction fees and fee staking rewards
