EAN TOKEN TOKENOMICS
EAGLE NETWORK TOKEN (EAN)
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EAGLE NETWORK |
Direct reward for using the miner app to grow crypto is Eagle Network Token (EAN). Miners can only withdraw (redeem) max 10% from mined Eagle (EAN) each month. This limit helps to reduce max supply into market which falls the price. Make sure to use CryptoKara app for Crypto rewards.
EAN TOKEN TOKENOMICS
Blockchain: Binance Smart Chain
Token Name: Eagle Network
Max Supply: 10 Billion
Ticker: EAN
Decimal: 9
Initial Burn 25%: 2,500,000,000
Transaction TAX: 10% EAN
Transaction Fees: BEP20 BNB
You must read all posts and announcements from project or you are lost with ignorance. New posts are made to update from old posts. There is no fixed info as you must read to update yourself further. Coming to group once a week or month you already miss important details about Eagle Network project and EAN and EGON token, so please do not blame anyone for your lack of information.
Functionality of EAN Token
EAN token is not an ordinary token as it is coded with functionality to sustain project ecosystem. EAN token is designed from other successful projects token and created with long time holders in mind. This means if you are not in for long time you get minimum or nothing from EAN. EAN is inbuilt with deductions from all transactions just like other such tokens. The tax taken by the smart contract is 10%. For every transaction, 10% is deducted by the token smart contract. You send 1,000, 10% is deducted by the smart contract and you get 90% value of 900 out of the 1,000 sent. Many other tokens work this way. Part of the 10% deductions is used to reward those who are holding and not sell, part is used to add more liquidity to enable buy/sell, part is used to buy EGON to reward EAN holders, part is used to buy back EAN from the open market and burn it which effectively reduce supply and increase price! This makes EAN a true burn token that gives immediate instant price increase when the buy back burn feature is done. Buy back and burn will be turned on at strategic times also to benefit long time holders and supporters. There are several token like EAN with even more tax
What 10% tax Be used For?
This 10% is done by the token smart contract and get distributed as follows:
3% - EAN Buyback & Burn
2% - Liquidity Pool
4% - EGON Reflection Reward
1% - Marketing Wallet
Max Supply 10 Billion EAN tokens.
Distribution of 10 Billion tokens will be as follows:
25% - Initial Supply Burn
60% - Mining Community
10% - Liquidity Reserve
5% - Core Team - (6 Months Locked & thereafter 10% vested monthly)
🦅 3% for Buyback & Burn 🦅
3% of all transactions used to fund the buyback burn EAN from the open market, thereby further reducing the supply and immediately increasing market price. Only to be used at strategic times to benefit long time holders.
🦅 2% For Liquidity Pool 🦅
2% is added to the EgonSwap liquidity for buy/sell perpetuity, and dynamically 25% between market capitalization and trading exchange liquidity.
🦅 4% Holder EGON Reward 🦅
4% of each transaction converted to EGON and sent to the wallets of EAN Holders. Reward depends on total EAN trading volume. More transactions means more rewards. The more EAN you hold means more EGON allocation.
🦅 1% Marketing Outreach
For further marketing and progressive growth and development, 1% will be sent to marketing wallet. This funds will be used to engage future strategic partners and development.
🦅 Sell Cushion 🦅
After each buyback transaction tax for selling EAN immediately are doubled, descending to the original 10% rate after some time. This means that if you plan to sell EAN immediately after burn you might pay more tax.
Market Dynamics
1). EAN price will not and cannot remain fixed.
2). EAN price will increase and fall.
3). Nobody can fix or control Crypto price.
4). The more holders who buy and hold EAN token the more price will increase.
5). The more holders who sell EAN token the more price will fall.
6). Only long time holders and supporters will benefit.
A person standing on a bridge, sad, hopeless and watching over the road on the bang and buzz sounds of luxurious cars.
Eagle luckily was passing by the same way and noticed the person who looked very sad,disappointed and hopeless. Stopped and asked;
Eagle: What happened, why are you so sad.
Person: I wish same luxurious cars.
Eagle: So buy any of it from the market.
Person: I haven’t much enough money to afford buying.
Eagle started thinking deeply for awhile whilst the person still looking over the road on those luxurious cars.
Eagle: don’t worry my friend , I promise you that I will dedicate my whole resources whether time or financial but to make your dreams cones true. I promise you that I will design and develop a car that will be not only same in similarity but with more better functions.
Person gets excited and asked:
Person: What should can I contribute or pay to get this car and also I wish same luxurious but many cars.
Eagle: We will do it for you as you desire and without any payment but just daily visit once to look after the progress.
Person: Very well then.
Car design and development started from the scratch and Eagle put their whole efforts to built the car same and with more better functionality to fulfill the promise made.
Person: But one confusion, I don’t know how to operate the car though its in development stage, also as I will get so many cars so can I sell it in the market.
Eagle: Our support team will guide you throughout about each and every functions of its operations until you not fully able and capable of driving it, also time will come that if you wish sell these cars so you will do it for more better price.
So the cars got ready and as promised by Eagle, the person received as many as thousand of cars absolutely free for which he can only dream about.
Person: Oh nice, you have fulfilled your promise but now, how you will deliver these thousands of cars to my home and I need a big garage for it storage., but I do not have money and I need it for free.
Eagle: There need to pay for delivery charges but you no need to be tensed about it and as I promised, I will find a way by utilizing my own resources but to get you delivered these cars for free at your personal cars garage.
Person: Ah ok, cars arrived. Well done.
Car needs Pol to run on roads, needs brokers to sell in market where involves brokerage fees.
Person. You Eagle cheated me, you liar, who will take these cars to pump stations for fueling ,who will pay POL charges. You didn’t sell these cars for me, you didn’t put selling money in my accounts so you cheated me.
Eagle: You asked for a luxury car and I have given to you as many as you wished. I did everything that was possible in my own resources, I design and developed this car from the scratch and their functions almost the same and even better than those luxury cars you dreamt about. Continually provided support, have trained you about its use and even delivered it to your door step. What do you need , just to drive it on the road and bear its POL charges which also depends on your travelling.
This story very much resemblance to the efforts of Eagle Network and sometimes the community response.
Eagle Network from the scratch started and developed many products for the only purpose to benefit those who were left behind, who can now only think and dream about it . Eagle provided opportunity to those who missed BTC, ETH, PancakeSwap and many more.
Many of us in panic state and felt melancholy about the transaction fees of less than a dollar which even though is going to Binance network validators, but blames comes upon on Eagle Network that why charging gas fees, cheaters, liars, why EMT instead of EAN. #EagleNetwork
Other social media,
🎯Join you tube channel,
🎯Join fecebook- page,
🎯 Join eagle network,
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