Financial NewsCoinADA – next evolution of a yield-generating contract on...

CoinADA – next evolution of a yield-generating contract on the Binance Smart Chain (BSC)

  • This article has been compiled to introduce the CoinADA platform and its structure, features, and mission.

Singapore, 12 Aug 2021, ZEXPRWIRE, CoinADA is a community-driven evolution of yield-generating contracts on the Binance Smart Chain (BSC): gives rewards in ADA instead of tokens. There is also an opportunity to reinvest and increase income from ADA! The $CoinADA token has three functions during each trade: Token-Reflection, LP Acquisition, and a Buyback.

CoinADA way

CoinADA innovated a unique system that auto-claims for every single holder the amount due by giving the option to our holders to increase their staking rewards by reinvesting automatically. The goal is to be able to create a passive, ever-growing income with our community.

The way it works: Holder buys tokens and holds them. Then, every sixty minutes, Holder will automatically receive ADA in his wallet. Not a single action is required.

However, if the holder would like to reinvest ADA into CoinADA, the holder will increase the portion of the rewards and create a passive revenue stream that will grow with the community in general. Holder can choose to reinvest all, half, or a portion of ADA rewards.

The amount of CoinADA tokens will not change unless the holder decides to choose to reinvest ADA rewards.

This system is fair and fully automated and does not add minimal gas fees proportional to the value transferred. The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive dividends from the queue based on their position in the array. The minimum token balance is 20,000 CoinADA tokens to receive ADA distributions.

Behind the scenes

  • The contract keeps track of an array of all token holders.
  • The contract keeps an index into the array for processing.
  • Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more since the gas will still be proportionally less than the value of the tokens)
  • The token is based on a Dividend-Paying Token Standard, which means all ADA contract gains will be split equally proportionally to the token holders.
  • When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for ADA, automatically buy back tokens for them, or both.

Other Features

Extra 1% Sell fee Swing trading is a common practice that can affect price action. To incentivize holding and reducing pump and dump dynamics, we added an extra 3% sell fee on top of the initial 15% transaction fee.

Total buy fee = 15% (12% redistribution + 3% liquidity)

Total sell fee = 16% (12% BNB redistribution + 4% Liquidity pool)

Gradual buybacks & burns: The contract gradually purchases and burns CoinADA tokens. As a result, the price rises, and the supply decreases. 

Smart distribution mechanism 

  • The contract keeps track of an array of all token holders.
  • The contract keeps an index into the array for processing.
  • Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more since the gas will still be proportionally less than the value of the tokens).
  • The token is based on a Dividend-Paying Token Standard, which means all ADA the contract gains will be split equally proportionally to the token holders.
  • When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for ADA or automatically buy back tokens for them.
  • This system is fully automated and adds minimal gas fees proportional to the value transferred. 

Token CoinADA

The token will be launched on PancakeSwap

  • No Private or public presale.
  • There Would be initial liquidity of 10BNB
  • Token Information (provisional) Network: Binance Smart Chain (BEP-20) Ticker: CoinADA Decimals: 18

Tokenomics – 15% tax distributed to :

  • 7% $CAKE Rewards
  • 3% Liquidity Pool
  • 5% Marketing / Buyback 

Find out the latest news from CoinADA social networks: 

Website | Telegram | Medium

Media Contact

Company Name:-CoinADA

Email:-[email protected]

Company Website:-https://www.coinada.finance

The post CoinADA – next evolution of a yield-generating contract on the Binance Smart Chain (BSC) appeared first on Zex PR Wire.

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