The smart contract we built is a fork from another major known reflection based token. A reflection based token means that on every sell, buy or transfer between wallets or exchanges a tax is held off. A portion from this tax will be redistributed to holders in a stablecoin (BUSD in our case). This portion is called the reflections.
The remaining portions held off the tax are used for example for maintenance costs, marketing, ... See the table lower on this page for further details on the tax and reflections we submitted.
For us, a strong community is extremely important.
We want to emphasize this as it means that both, we as the creators as the community, will take profits out of the token. Being active on serveral social media platforms such as Twitter, Discord, etc. will connect us and many other holders in an incredible journey.
Our tokenomics follow the tides of the cryptomarket. At start and in bearish periods will the marketcap of the EFC-token be lower, hence the buying tax will be lower and selling tax higher. Also in bullish periods when our marketcap is higher, the buying tax will be higher and the selling tax will be lower. This should ensure a more steady volume where reflections will be earned.
The team aims to improve their and it's investors entire life as well as the life of mankind in general by donating to good causes. Once a threshold (x- amount of BNB) is reached we will start a poll on a dApp which will be built in-house to let the community participate in which good causes we'll donate to. e.g. cancer research, planting trees,...
Instead of building a next out of the so many nft marketplaces, exchanges, etc. we will look out for partnerships with other developed utilities. Once our token is more established it will be easier to connect with those and build our own ecosystem at a fast pace. This doesn't mean the team won't create any utilities on it's own since we do have plans for creating a nft-game which should raise the earning of reflections for everyone.
The earnings will be coming from the reflections earned on the wallets from the core team each holding 7,5 trillion EFC.
The team will donate 2,5% from its earnings to charity and climate improvement projects. This will be communicated on a dashboard on the EverFlowcoin website when and how much has been donated to which cause.
When we find a good opportunity for having good nonconvensional utilities, we will collaberate with other companies to make it work. Therefore we will continuously look out for possibilities regarding to having utilities to make our concept even stronger than it already is.
The team decides to not apply for any central exchanges if the contract’s tokenomics can’t be implemented. This implies that every sell, buy or transfer from the EverFlowcoin token will be included in one liquidity volume to distribute reflections.
We are a small but dedicated team that will expand in the future. We will be as transparant as possible, however stay anonymous. That's the single case we want to keep it the way it is. Everything Everflow coin-related will be shared through our social media platforms.
Founder Everflow Coin
Head Development
Founder Everflow Coin
Community Manager
