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Author Topic: Chedda token  (Read 11 times)
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January 25, 2022, 06:32:33 PM

CHEDDA is a decentralized culture token created on the Ethereum blockchain as a ERC20 token. CHEDDA has a 3% fee on every transaction; 1% is burned forever and the other 2% is distributed to the CHEDDA team for continual development of the project.  Burning tokens on every transaction makes CHEDDA a deflationary asset. There will never be as many CHEDDA in circulation as there is now. By burning half the supply and burning 1% of every transaction, this means the total supply of CHEDDA will decrease over time. This gives holders an incentive to hold their tokens long-term as the circulating supply lowers and the price of the token increases over time.
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