The total number of tokens is 1,000,000,000,000. All tokens will be distributed to participants of the pre-sale, liquidity pool and the remaining will be manually burned.
** All Pre-Sale Tokens (835,455,678,077) are on time-lock to protect the value of the token.
Hyperdeflation in theoretical terms is more or less similar to deflation, and there is no specific measure of the difference between it and deflation. The cryptoverse is witnessing the rise of a new trend and new model in tokenomics. With the increase in demand, more and more projects are introducing Hyper-deflationary token mechanisms to incentivize their holders. To simplify , Hyper-deflationary tokens are designed to be highly deflationary. This is achieved through a token contract by burning a certain percentage of tokens on each transfer.
An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain. Smart contracts can then be used to create smart property or tokenized assets that people can invest in. ERC stands for "Ethereum request for comment," and the ERC20 standard was implemented in 2015.
NIL employs 3 simple functions: Reflection + LP acquisition + Burn + Marketing. In each trade, the transaction is charged a 15% fee, which is split 3 ways.
- 5% fee is redistributed to all existing holders
- 5% fee is added as a liquidity pair on Uniswap.
- 2% Burn Rate
- 3% Marketing Pool
The Reflections are distributed to holders pro-rate immediately. The Liquidity and Burn occur every time the balance within the contract reaches 1,000,000,000.
The Protocol aims to solve the problems of prior cryptocurrencies including mining rewards, farming rewards, and liquidity provisioning. Mining equipment can be both costly and harmful to the environment, but mining remains of interest due to the opportunities afforded by it. As an easy alternative to mining rewards, we propose allowing users to participate in a smart contract token reflection to produce tokens inside their own wallet. Another challenge remains to facilitate and maintain liquidity on decentralized exchanges. By nature, decentralized exchanges require liquidity for user participation, thus the responsibility is on the developers to provide it.
Historically, developers created incentives aimed at users to provide liquidity which can be outweighed by risk due to the subjectivity of impermanent loss. As a solution, we propose utilizing a smart contract function to automatically capture liquidity to be used on the decentralized exchanges and held in custody independent from user possession. Additionally, a smart contract that provides the capability to burn tokens can promote scarcity by reducing the total supply. Together, the combination of these tokenomics may afford far superior benefits for the community within the decentralized venue. Allowing these functions to be amplified and dependent on volume provides an ideal incentive to expedite adoption and foster new use cases.