JUNGLE Token (JUNGLE)
Last updated
Last updated
Token Name: JUNGLE Token
Token Symbol: JUNGLE
Contract Address: 0x5afFcD905fBDc00Cbee9c8D78BBbD256b0344d3b
Chain: Binance Smart Chain (BEP20)
Max Supply: Limited
Burn Rate: 90% of transfer tax will be burned immediately
Fee Rate: 10% transfer to treasury wallet
Total Transfer Tax Rate: 5% (set slippage min. 6%)
1 JUNGLE / block
~ 12.318 JUNGLE on the first day (4x 5% emission reductions per day)
JUNGLE is Hard capped! (After 23 days, 546h less than 0,01 JUNGLE per Block are minted!)
Due to Transfer-Tax, Buy-Back, Auto-Burn and Manual Burn, the supply of JUNGLE will be reduced very strong!
JungleSwap's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
By reducing the amount of JungleSwap generated per block, we slow the inflation. There is an emission reduction, which is reducing the emission by 5% every 6 hours until 0.0/block is reached. This mechanism combined with the transfer tax results in a long-term stable token price.
JungleSwap now has a 5% transfer tax in each transfer. 4.5 % is burned directly and the rest 0.5% is sent to the treasury wallet. This deflationary mechanism will help us to reduce the circulating supply of JUNGLE which will reduce the sell pressure a lot.
