TipsyCoin – A hyper-deflationary community token that makes people happy -Breaking
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Enter TipsyCoin’s website and one will notice the captivating graphics and creative branding. It speaks of originality and this resonates with the project’s tokenomics, its vision in supporting charitable causes, and the brand’s commitment to security. The project team mentioned to me that there are hundreds of whales eagerly awaiting $tipsy when they launch. TipsyCoin’s team has coded a buy/sell limit of 0.5% of total supply per transaction to help prevent whales from dominating supply.
The fact that no release date has been set yet speaks of TipsyCoin’s credibility since Tipsy’s team wants to cover all parameters and not rush for a launch. In today’s crypto era where coins can be minted in minutes and then deployed onto a contract instantly (simply copying and pasting from other projects), it does not take long to buy a social media following and develop a sketchily designed website. Of course, TipsyCoin has done the complete opposite – their skilled developers are meticulous in coding smart contracts which are innovative, doing sufficient beta testing, waiting for an audit to complete before launch and they are locking a remarkable amount of BNB in their liquidity pool. The time-lock is impressive too – 5 years – more than most other projects. The Tipsy team’s equity has been vested for 12 months, keeping with their long-term commitment. TipsyCoin started building relationships with local communities, and even donated to charities before it launched.
A world of privileges can be gained by having $tipsy. You can also be part of an enjoyable community by holding $tipsy. This will automatically give you rewards. There is no need to deposit $tipsy anywhere – there is no farming or staking mechanism since no new $tipsy is ever generated. There is a limit to the supply of $tipsy and passive rewards are earned from sale proceeds (instead of making new coins). The first coin with a zero-tax sell tax (sellers are subject to a 10% sales tax) and no buy taxes, $tipsy was created to encourage purchasing and be part of an intimate community. Another step is to ensure that $tipsy holders are safe and secure as long as they have their wallets secured. TipsyCoin has done everything to ensure its owners are safe. In the past Binance Smart Chain (BSC), was susceptible to economic exploits.
The $tipsy holders get a portion of the profits from selling taxes as rewards. A second part goes to buying back $tipsy in down market conditions. This project created the tipyVault, a buyback fund that accumulates BNB from sell transactions. It is derived from tax proceeds. When there are downward market trends, or whale dumps the buyback can be activated. This converts BNB to $tipsy. The $tipsy then gets burned, reducing supply. The liquidity pool’s BNB would be more, while the $tipsy would drop, leading to a rise in prices. The burn then happens immediately after – this would reduce the supply and therefore further increase $tipsy’s value. We have already seen that assets with a decreasing supply will only increase in value over the course of time, as economics shows.
In a press statement, Pingu, Chief Penguin of TipsyCoin said “The coolest crypto projects were born over drinks. $tipsy fosters a community of love, trust, and kindness between humans”. TipsyCoin also has exciting ambitions for the future – metaverse partnerships with clubs for VIP hospitality and
Collaborations with concert promoters for first-row tickets. It will be an additional utility to $tipsy in addition its NFT collection.
TipsyCoin could be the biggest launch of 2022. The cryptocurrency will launch between January 2022 and March 2020. It is a community-only coin with a maximum supply up to 100 billion dollars. With its unique burn mechanism, you can expect prices to rise. PancakeSwap will make it available to users of BSC.
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