PARA Token is the spiritual successor to TELOSCOIN and XBTX.
XBTX blockchain is going to be updated to evolve to a Layer 1 Base for PARA.
For now PARA Token is put on BEP20.
Under
https://papara.vision you can find under "vision" a few points of the remaining /current roadmap for 2023. Right now the whole stuff we did will be reorganized. 2 Teams will work independently on CURA/XBTX and PARA. PARA is now a BEP20 token.
The tokenomics are deflationary.
A portion of every tx is send to HODLERS as incentive to keep Para. Another portion is used for automatic buy backs. Another portion is added to the liquidity pool automatically and another portion is going be burned, so overall the ammount of para will drop over time.
TELOS Owners can request a Swap to PARA (BEP20) in a ratio of 100:1 (100 TELOS = 1 PARA)
XBTX Owners can request a swap in a ratio of 5:1 (5 xbtx = 1 PARA)
BAM owners can swap 1:1
AML owners can swap 1:1
Para (XBTX) owners can swap 1:1
This swap offer is valid for 30 days from now and will be adapted.
Due to the fact that every tx is partially shared between all hodlers, the first ones have as usual in crypto a fresh start bonus.
Besides this, you can also provide liquidty via Pancakeswap.
Logo is stil missing but there is already a pull request to change this.
This year we will also offer a bridge to swap TELOS and XBTX to PARA and back.
Para Card owners get 50 Para for free and can start in-wallet staking right away.
You can add the BEP20 contract 0x8A5652EB940dD3832a8426FBe5afBB01b0f96a14 to any BEP20 compatible wallet of your choice.
A full introduction will follow but you can basicall combine TELOS + XBTX Roadmaps, to get a feeling of where PARA is heading too.
With the unique combination of sharing between all HODLERS and BURNING at the same time, as well as ANTI-Whale mechanisms we addressed at least a few points which affected TELOS and XBTX in first run.
Now we focus on building a Emoney- solution which supports Cryptoactivites and provide a Cryptofriendly mobile baking solution called PAPARAPAY.
Our discord:
https://discord.gg/gKEknxvZuFOur X (twitter) profile:
https://twitter.com/teloscoinOur Telegram group:
https://t.me/teloscointranscendenceblockchainWe are preparing faucets and Airdrops rounds.. so stay tuned.
Also the comunity requires active members.. feel free to join and invite your friends.
Tokenomics:
Burnfee=2%
Buyback fee=5%
liquidity fee= 2%
taxfee= 4% and treasury also 4%
each transaction burns 2% of tokens. 5% of tx are collected and as soon it reaches 0.1% of total supply it buys back tokens. 2% are collected to provide liquidity and 4% are going into a treasury.
4% are collected as tax fee which is shared between all HODLERs when reachin a treshold
So 17% in total
Anti whale system:
A single address can hold max 10% of total supply and a single transaction can be max 10% of total supply
