Deflationary, Passive Rewards, Automatic LP, Content Creator Ecosystem
With the influx of interest in DeFi and various deflationary tokens on Binance Smart Chain, SheeshMoon stands out by focusing on offering utility on top of the standard RFI rewards protocol popularized this year. Deflation, passive rewards, and automatic LP are a proven recipe as proven by billion dollar market cap tokens, so it makes sense to build using those attributes as the foundation of this protocol. It helps with user acquisition by offering an incentive for holders to support the community long-term during the development of dApps and other DeFi protocols. SheeshMoon also capitalizes on current memes to accelerate growth while presenting solid use cases that would create an flywheel ecosystem around the token. This whitepaper gives you a brief summary of the protocol functions before diving into the vision and use cases.
SheeshMoon implemented a strategy that continuously rewards holders who stick with the project. There is a 4% fee on all SheeshMoon transactions which gets redistributed to all other holders, including the inacessible burn wallet which collects a large portion of it. Initially, 200 trillion SheeshMoon tokens were sent to this burn wallet and it has continued to suck up tokens from the circulating supply. More than 23 trillion tokens have already been permanently destroyed. Meanwhile, holders continuously compound their initial holdings and accumulate tokens.
Additionally, the deflationary mechanism can be augmented by manual burns to add additional support to the value of each token. The automatic LP system, which will be explained later, goes hand in hand with this continuous burn.
Liquidity pools are a core technology behind DeFi products built on top of high-gas blockchain. Typically, users have to stake token pairs to create the liquidity necessary for a healthy market. LP stakers usually take on risks such as price dumps, rug pulls, decreasing APY, and impermanent loss. An automated liquidity pool solves these problems by not requiring manual stakers.
The SheeshMoon smart contract automatically takes a 6% of each transaction and adds it to the liquidity pool to keep the market running. The supplied LP continues building up over time from the volume, allowing traders to buy and sell with decreasing lower volatility.
A summary of the transaction fees.
A 6% fee is split in half, with the first part being converted into BNB and the other part (SheeshMoon tokens) paired with the former. This pair is added as a liquidity pair on PancakeSwap.
A 4% fee is deducted from transactions and redistributed to all holders. Holders continuously accumulate tokens.
SheeshPad and SheeshSwapAs you know, the careers of content creators are often unstable due to fluctuating social media algorithms that affect their influence.
SheeshPad and SheeshSwap will augment each other and help establish the foundation of a decentralized content creator ecosystem. These are the first two tools that act as prerequisites for a multitude of additional features that can be built on top of this foundation.
SheeshPad helps creators take ownership of their influence through tokenization. SheeshSwap improves the user experience of the platform by making it easier to convert between tokens in the ecosystem.
Deflationary, Static Rewards, Automatic LP, Content Creator Ecosystem
With the influx of interest in DeFi and various deflationary tokens on Binance Smart Chain, SheeshMoon stands out by focusing on offering utility on top of the standard RFI rewards protocol popularized this year. Deflation, passive rewards, and automatic LP are a proven recipe as proven by billion dollar market cap tokens, so it makes sense to build using those attributes as the foundation of this protocol. It helps with user acquisition by offering an incentive for holders to support the community long-term during the development of dApps and other DeFi protocols. SheeshMoon also capitalizes on current memes to accelerate growth while presenting solid use cases that would create an flywheel ecosystem around the token. This whitepaper gives you a brief summary of the protocol functions before diving into the vision and use cases.
SheeshMoon implemented a strategy that continuously rewards holders who stick with the project. There is a 4% fee on all SheeshMoon transactions which gets redistributed to all other holders, including the inacessible burn wallet which collects a large portion of it. Initially, 200 trillion SheeshMoon tokens were sent to this burn wallet and it has continued to suck up tokens from the circulating supply. More than 23 trillion tokens have already been permanently destroyed. Meanwhile, holders continuously compound their initial holdings and accumulate tokens.
Additionally, the deflationary mechanism can be augmented by manual burns to add additional support to the value of each token. The automatic LP system, which will be explained later, goes hand in hand with this continuous burn.
Liquidity pools are a core technology behind DeFi products built on top of high-gas blockchain. Typically, users have to stake token pairs to create the liquidity necessary for a healthy market. LP stakers usually take on risks such as price dumps, rug pulls, decreasing APY, and impermanent loss. An automated liquidity pool solves these problems by not requiring manual stakers.
The SheeshMoon smart contract automatically takes a 6% of each transaction and adds it to the liquidity pool to keep the market running. The supplied LP continues building up over time from the volume, allowing traders to buy and sell and with lower volatility.
A summary of the transaction fees.
A 6% fee is split in half, with the first part being converted into BNB and the other part (SheeshMoon tokens) paired with the former. This pair is added as a liquidity pair on PancakeSwap.
A 4% fee is deducted from transactions and redistributed to all holders. Holders continuously accumulate tokens.
SheeshPad & SheeshSwapAs you know, the careers of content creators are often unstable due to fluctuating social media algorithms that affect their influence.
SheeshPad and SheeshSwap will augment each other and help establish the foundation of a decentralized content creator ecosystem. These are the first two tools that act as prerequisites for a multitude of additional features that can be built on top of this foundation.
SheeshPad helps creators take ownership of their influence through tokenization. SheeshSwap improves the user experience of the platform by making it easier to convert between tokens in the ecosystem.
