Tokenomics is where innovation happens. Diamoons is a self-sustaining yield farming DeFi token running on the BSC blockchain.
Diamoons automatically pays a daily dividend to investors - without the need to claim, farm, or stake, and continuously adds liquidity on the Pancakeswap decentralized exchange (DEX) leading to an ever increasing price floor.
How does this work?
- 5% goes to a locked liquidity pool (LP) in the form of $BNB added to the DEX
- 4% is automatically and proportionally redistributed to all investors
- 1% goes to the Community Treasury Fund then used by the team and community to fund the project and its milestones
The 5% LP tax increases the stability and leads to an ever increasing price floor for Diamoons. The automatic liquidity protocol is part of the innovation of Diamoons Finance as a solid investment, and acts as a beneficial implementation for investors.
The Diamoons smart contract fetches tokens from sellers and buyers alike, and adds them to the LP. These tokens are then inaccessible and locked inside the LP.
The tax acts as an arbitrage resistant mechanism that secures the volume of Diamoons as a reward for investors. As the Diamoons token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for investors. This means that even if every single Diamoons investor sells, the price will never go to zero.The goal here is to prevent the larger dips when large volumes are traded, which keeps the price from fluctuating as much as if there was no automatic LP function. In other words, the automatic LP protocol creates stability.
The 4% redistribution is the equivalent of a dividend from a publicly traded company. This tax is also called a static reward or reflection, and it helps solve a host of problems. First, the reward amount is conditional upon the volume of the token being traded. Second, the reflect mechanism encourages investors to hold their tokens to garner higher kick-backs which are based upon a percentage carried out and dependent upon the total tokens held by the owner. This means the amount of tokens in your wallet will forever increase as people transact. Lastly, this tax creates a fair dividend system with no priorities, in other words, it treats all investors equally.
These two “taxes” are the core innovation of Diamoons as a store of value and growth.
Furthermore, Diamoons has a 1% transaction tax which is used to finance the project and for any other purpose the community decides. This helps keep the project alive and financially healthy.
Diamoons Total Supply: 1,000,000,000,000,000 💎 (1 Quadrillion)
Diamoons Total Burn: 500,000,000,000,000 💎🔥 when 6969 holders (500 trillion)
The token burn is sending 50% of the total supply to a black-hole address, thereby permanently reducing the amount of tokens in circulation.
Diamoons was launched with an initial supply of liquidity in the form of BNB/DMOON LP Tokens on the PancakeSwap DEX. Ownership of the tokens is locked on DXSALE. This was performed to shield investors by preventing the possibility of a rug pull via liquidity removal.
Lastly, there is a protection mechanism in place (an anti-whale system) in order to prevent large sudden price movements. Each wallet can only buy or sell a maximum of 1% of Diamoons Total Supply.