Abstract
This token was developed to help those affected by the recent wave of cryptocurrency rug pulls that plagued the Binance Smart Chain. We are effectively creating a token that will stimulate the wallets of all holders and provide a safe investment. Using the features described below, we aim to create the basis for a strong community; centered around an appreciating asset.
Introduction
Many of us who just got into blockchain had little or no idea what others in this space were capable of and fell into rug pulls. Even being a member of a project does not guarantee the safety of liquidity in this new frontier of money. My name is Jacob W. Martin, a prior member of the now defunct Jizz.Digital ($JIZZ) coin, and I’m here with two other developers to provide a sense of community as well as a strong investment for those down on their luck.
This project is designed to be fair, honest, and profitable in the end. My name, face, and most of my driver’s license is fully visible on JeromePowell.money for everyone to see as an insurance policy to keep me accountable as I manage this coin with this community. For as long as eligibility conditions are met, I can guarantee that your liquidity will be returned as deserved.
Tokenomics
According to estimates from March 2021, the total amount of physical U.S. Dollars is $2.1 trillion. Therefore, we have decided to use this figure as the reference supply for our overall token supply. Of this quantity, the developer team reserves 5% to continue work.
Token Supply | 2.1 Trillion |
---|---|
Tokens for Presale | 47.5% |
Tokens for Lock up | 47.5% |
Development | 5% |
This token has fees associated with transactions in order to increase the overall value and apply constant buying pressure. Constant buying pressure is achieved by burning the supply to increase scarcity, locking a portion into liquidity tokens that are burned, distributing the rest as an incentive, and funding the marketing team to increase exposure.
December 20th, liquidity is unlocked and redistributed evenly to 1% (21 billion tokens) holders with a margin of error of 500 million tokens. This rule is put in place to ensure that there are no inactive wallets in order to increase trading volume. In other words, this coin will self-destruct and fairly distribute the liquidity pool to active coin holders. Any wallet holding amounts in excess or short of this amount will be ineligible for reward.
Action | Burn | Redistribution | Auto Liquidity | Marketing |
---|---|---|---|---|
Buy | 2% | 2% | 3$ | 1% |
Sell | 4% | 3% | 2% | 1% |
Marketing & Distribution
The marketing team comprises active paid community members from the marketing wallet who shill and push the coin. This team will be dubbed Shill Team 6 (ST6), made up of the elite, active community members that make a noticeable difference in the growth of the project. ST6 is responsible for carrying out normal marketing team responsibilities, including but not limited to coin listings, mass marketing, and forming partnerships.
The marketing wallet is used to pay ST6 members for their efforts. I believe in paying the community that actively supports the project, not some company.
Roadmap
- Inception: Strategy, planning, tokenomics, brand design, community announcement, & community feedback discussions.
- Shill Team 6: The president signed an executive order to assemble elite community members that make a noticeable difference in the growth of the project.
- Presale announcement: Ample time given, non of this "Launching in 2 hours" BS.
- Presale / Launch: Renounced + Lock liquidity until Dec 20th, 2021
- Collectible trading NFT: Long live papa Powell. Supply 20x, Starting Price 5 Billion tokens, all proceeds are burnt.
- Non transferable Shill Team 6 NFT Award: The top shillers will be awarded an NFT that will act as a badge of honor for their commitment in the success of the community
- Liquidity Award: December 20th, the liquidity unlocks and will be distributed evenly to 1% (21 billion tokens) holders with a margin of error of 500 million tokens.
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