JungleKong Token (KONG)
Last updated
Last updated
Token Name: JungleKong
Token Symbol: KONG
Contract Address: 0xAc9178feD286e0e4F21D50d40f6C77503C96C19c
Chain: Binance Smart Chain (BEP20)
Max Supply: Limited to ~56k
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%)
0.1 KONG/ block
stays for 10 days
afterwards rucing by 9% every 12h!
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!
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).
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.
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.
