Rocket Bunny is a cryptocurrency project that aims to create a deflationary token with a unique mechanism. Unlike most deflationary tokens that simply burn a fixed percentage of the supply with every transaction, Rocket Bunny has a more dynamic and complex approach.
How does Rocket Bunny work?
Rocket Bunny is based on the Ethereum blockchain and has a maximum supply of 777 quadrillion BUNNY tokens. However, this supply is constantly decreasing due to the 4% tax that is applied to every transaction on the network. This tax is distributed in four equal parts:
- 1% is burned to The Rabbit’s Hole, which is a black hole address that permanently removes tokens from circulation.
- 1% is redistributed to all BUNNY holders, rewarding them for holding the token and creating a passive income stream.
- 1% is locked in liquidity, increasing the price floor and stability of the token.
- 1% is given as a bonus to liquidity providers, incentivizing them to add more liquidity to the market and reducing price slippage.
The interesting thing about Rocket Bunny is that the amount of tokens burned increases logarithmically, while the amount of tokens redistributed, locked, and rewarded decreases exponentially. This means that as the volume and transactions increase, the supply decreases faster and faster, creating a scarcity effect and increasing the value of the token.
What are the benefits of Rocket Bunny?
Rocket Bunny has several advantages over other deflationary tokens, such as:
- It does not require any staking or locking of tokens to receive rewards. All holders automatically benefit from the 4% tax distribution.
- It has a variable burn rate that adapts to the market conditions and creates a positive feedback loop. The more transactions there are, the more tokens are burned, which increases the demand and price of the token, which in turn attracts more transactions.
- It has a strong liquidity pool that is constantly growing and improving. The 4% tax also ensures that there is always enough liquidity in the market to facilitate trading and prevent large price swings.
- It has an active and engaged community that supports the project and its vision. Rocket Bunny also has a dedicated team of developers who are constantly working on improving the token and its ecosystem.
What is the Rocket Bunny ecosystem?
Rocket Bunny is not just a token, but also a platform that hosts several decentralized applications (dApps) that use BUNNY as their native currency. Some of these dApps include:
- Rocket Drop: A launchpad that helps new and innovative projects raise funds and exposure through BUNNY tokens. Rocket Drop also offers exclusive access and discounts to BUNNY holders who participate in the presales.
- Rocket Swap: A decentralized exchange (DEX) that allows users to trade BUNNY and other ERC20 tokens with low fees and high speed. Rocket Swap also integrates with Uniswap, one of the most popular DEXes in the crypto space.
- Rocket Labs: A testing ground that allows users to experiment with new features and ideas for BUNNY and its ecosystem. Rocket Labs also serves as a feedback channel for the community and the developers.
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Conclusion
Rocket Bunny is a deflationary token that has a unique and innovative mechanism that makes it stand out from other similar projects. By applying a 4% tax to every transaction, Rocket Bunny creates a dynamic and self-sustaining system that rewards holders, burns tokens, increases liquidity, and supports new projects. Rocket Bunny also has a vibrant ecosystem of dApps that use BUNNY as their native currency and offer various services and benefits to users. Rocket Bunny is a project that aims to revolutionize the deflationary token space and create a new standard for quality and innovation.
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