Every coin has its own use case or meme.
Some are just meh tokens that are nothing without marketing.
Other coins piggyback on already successful products and ride the wave up.
Here is one product that has performed phenomenally, as designed.
So as you can see in the picture, each transaction buy/sell/send has a tax.
PTGC - 5% Tax
0.5% Liquidity
0.5% Burn
2.0% DAO
1.0% Holder/Staker Reflection
1.0% Staker Reflection
BURN - 5% Tax
3.0% Buy and Burn
1.0% LP to PTGC/Burn
ALIEN - 6% Tax
0.5% Buy and Burn PTGC
0.5% Buy and Burn BURN
0.5% Buy and Burn 808
0.5% Buy and Burn LIQUID
1.0% LP to Alien/PLS
1.0% Buy and Burn Alien
0.5% Reward in PTGC
0.5% Reward in BURN
0.5% Reward in 808
0.5% Reward in LIQUID
808 - 5% Tax
1.5% Fee to 808 Wallet (LP)
1.5% Fee to A34 Wallet
(LP)
1.0% Buy and Burn PTCC
1.0% LP to PTGC/808
ENERGY - 5% Tax
1.0% Buy and Burn ENRG
1.0% LP to ENRG/PLS
3.0% PLS/PTGC
Hope I copy and pasted this properly, looks good in my drafts, but I am sure you all see the picture.
So the original coin was PTGC
This coin was originally on Ethereum but it died due to ethereum fees being too high.
So they relaunched on Pulsechain which his Richard Heart’s Ethereum fork.
If you have any ERC20’s last year then you have a copy right now over on pulsechain, go get your free money.
The way it works on pulsechain is AMM bots are constantly trading between liquidity pairs to make sure prices balance out.
So by setting up many liquidity pairs between all of the top pulsechain coins, the bots will be doing their work trading between all the different pairs to make sure prices are the same. Each time the bots do this they are paying the 5% tax.
You can see how the money is distributed.
Buying and burning the coin, when is the best thing for price appreciation. This is as if someone buys, and then loses his coins, he made a little green candle, and now he can never make a red candle.
A portion also goes into liquidity and is burnt, which thickens the markets and allows a pool for people to cash out, best thing is the only people who have access to that PLS pool are people who already have pTGC.
2% goes to the DAO… you know what a DAO is right? If you are on hive then you for sure at least have an idea.
Right now, the mission for the DOA is clear, buy and burn, buy-pair then burn.
This again thickens the liquidity and also pumps the price. It is a big buyback sort of thing, that has been protecting the price really good.
The rest of the tax% goes towards holders and stackers as a reflection.
A reflection is when your reward just shows up in your wallet.
You can legit earn yield holding your coins in your wallet. No risk of connecting to a weird scam site. Also there are ways to stake or stake and lock for even more yield. Locking has its own mechanics but those you can check out if you deep dive into the coin.
Not too long after, there were 3 airdrop tokens
BURN
LIQUIDITY
808
These 3 coins each have their own tax, their main purpose is to pump and support PTGC
BURN and LIQUID pay out PLS reflections but all 3 add to the bot trades.
Especially ENERGY, that one is purely there for the bots to trade between and help support PTGC… not for you or I to buy
ALIEN is a community token, they support the whole PTGC ecosystem and you can see their 6 % tax helps out all the coins.
Alien was airdropped only to people who held pTGC, burn, liquid AND 808… you needed all 4 to be eligible for the airdrop. They gave you 1:1 whatever PTGC you had staked, which is pretty nice at today’s prices.
This is the DOA account, it is constantly fully funded, and basically have a $3,000-$5,000 buy and burn scheduled in daily. This is huge, here you can see the token distribution, that buy and burn is doing its thang.
It is a great system.. the more coins get burnt and held onto the less in the liquidity pool, the higher the price… the higher the price, the more weak hands unstake and unlock to take profits, which thickens up the liquidity pool… but its burning along the way…
This coin is primed to pump up like crazy… it has already done some wild things and I foresee this coin to do crazy things especially as PLS pumps which makes that pool of PLS only available to PTGC holders to get more and more valuable.
I see this coin making millionaires :) NOT FINANCIAL ADVICE
