JungleKong Token (KONG)

Basic Information

Transfer Tax 5%

  • Burn Rate: 95% of transfer tax will be burned automatically

  • Fee Rate: 5% transfer to treasury wallet

  • Total Transfer Tax Rate: 5% (set slippage min. 6%)

Emission Rate

  • 0.1 KONG/ block

  • stays for 10 days

  • afterwards rucing by 9% every 12h!

Max Supply of Kong: ~56.000

KONG is Hard capped! In the first 10 days there wont be any emission reduction, afterwards we are going to reduce the emission by 9% every 12h!

Supply CAN'T ever be higher than ~56.000 Tokens! 52,790 KONG after 15 days, max supply reached after 87 days.

Due to Transfer-Tax, Buy-Back, Auto-Burn and Manual Burn, the supply of KONG will be reduced very strong!

KOGN'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).

How is JungleKong Supply reduced?

1. Reducing Block Emission

By reducing the amount of JunleKong generated per block, we stabilizing the Price. There is an emission reduction, which is reducing the emission by 9% every 12 hours until 0.0/block is reached. The reduction will start after 10 days of emission with 0.1 Kong per Block. This mechanism combined with the transfer tax results in a long-term stable token price.

2. Transfer Tax

JunleKong has a 5% transfer tax in each transfer. 95% of it is burned directly and other 5% are 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.

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