DYNAMITE A DEFLATIONARY BINANCE SMART CHAIN DEFI CRYPTOCURRENCY DON’T DROP YOUR BAG. IT WILL EXPLODE! TOKENOMICS: 8% SELL TAX : 4% DISTRIBUTED TO HOLDERS (FREE DYNAMITE) 4% TO LIQUIDITY POOL (PRICE STABILITY) UNABLE TO RE-BUY ONCE SOLD DYNAMITE WHITEPAPER V1.0 Author: Dynamite Team MISSION STATEMENT Dynamite is a unique DeFi token that was created as an anti-whale safeguard. A typical technique used by large ‘whale’ investors is to wait until the price of a token surges and then sell off a significant portion of their holdings (or ‘bag’), forcing the price to plummet and allowing them to buy back in again at a low price. This process is then repeated. This type of swing trading behaviour can destroy a token’s upward trajectory and cause other investors to panic sell, resulting in many losing a lot of money in the process. Many solid tokens with lofty ambitions and positive utility have been destroyed early by whales decimating the community and its many holders with these tactics, whilst chasing a quick payday. Not with Dynamite With Dynamite, you can buy as much of the token as you like. However, once you sell you have blown your bag and you can never buy again! This unique feature prevents whales from dumping and buying again once the token has dropped to a low price. Many may not even realise this feature and will be in for a shock when they attempt to re-enter! We hope to build a safer investment opportunity, where those interested in exploring the DeFi space can join a positive token with a great community without fear of large whales causing unnecessary harm to its growth. DYNAMITE WHITEPAPER V1.0 Author: Dynamite Team SAFETY & SECURITY Safety and security on BSC should never be taken for granted, that is why we guarantee the following securities for you. Ownership Renounced Dynamite has a contract that has had its ownership renounced – this means that the contract has no owner.1 This is essential for the safety of a project as it allows the developer to do no malicious actions, and ensures that the contract remains stable over time. You can be sure that your funds will be safe in the contract. The contract code and be found here. The proof of contract renouncement can be seen in this contract method call. Address Blacklisting Mechanism The Dynamite contract operates its “Bag Busting Mechanics” by tracking the transferFrom function, this function is called when an Auto Market Maker2 calls the contract to transfer tokens when a sell is issued to the contract address. When the contract detects this invocation, it adds the “from” address (the seller) to an internal array of addresses. These addresses are then forbidden from receiving Dynamite in any way. They are however still free to hold Dynamite and free to sell repeatedly – your funds are safe no matter what. 1 Technically the owner of the contract is 0x0, an address which nobody can access with millions of funds and many contract ownerships. 2 An Auto Market Maker (AMM) is a contract based platform for exchanging tokens. PancakeSwap is the most popular on BSC. DYNAMITE WHITEPAPER V1.0 Author: Dynamite Team Liquidity Locked You may be familiar with the concept of a “Rug Pull”. That is when a token provider scams token buyers by removing all of the available liquidity taking all of the profits and preventing the buyers from being able to sell their now valueless tokens. We guarantee that this is impossible in Dynamite by doing something called “Locking the Liquidity” using DxSale which you can verify using this link, you must connect your wallet to view this link, it is shown below also. As you can see from the image above, 100% of the initial liquidity is locked to be freed in 4 months from release, at which point it will be burnt permanently locking it in the aforementioned 0x0 address. DYNAMITE WHITEPAPER V1.0 Author: Dynamite Team
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