Abstract
A deflationary token is a mechanism that makes the supply of tokens decrease for each transaction that occurs. This mechanism makes the rarity of the tokens increase which will affect the price of the tokens. This mechanism is the opposite of the traditional financial system which allows banks to print unlimited money. Cryptocurrencies will be launched with a fixed total supply and will continue to decrease as each transaction occurs. This mechanism is considered better than the traditional financial system.
Today there are many platforms in the crypto market that adopt the deflationary token protocol, one of which is the DNP token, a deflationary NFT platform that allows anyone to earn passive income through Binance Chain smart contracts. DNP tokens work by imposing a tax for each transaction, later this transaction will be distributed to holders. So the more tokens the holder holds, the greater the reward they receive.
Deflationary NFT Platform
NFT or non-fungible token is a protocol that makes it easy for users to trade digital assets that are secured with blockchain technology. Unlike most cryptocurrencies, NFT tokens can only be traded on platforms that support the NFT protocol. Today many platforms support NFT protocol and DeFi, in this way it allows users to trade NFT tokens and at the same time earn passive income from the tokens they hold. And DNP token is a token that allows people to be able to earn passive income through BSC. The DNP token is a deflationary token that will support the operations of the DNP ecosystem. All transactions in the DNP ecosystem, such as markets, exchanges, auctions, etc., will use DNP tokens. Since this is a deflationary token, every time a transaction is made, the total supply of DNP tokens will decrease. This will increase the rarity of the token and will affect the price of the DNP token.
The reward that users get is from the tax that will be charged by the DNP token for each transaction. DNP token has a tax on each transaction of 6% which will be distributed to holders, liquidity, burned, and marketing.
DNP Token Features
DNP Token is a deflationary token that will support the operation and development of the DNP ecosystem. The DNP Token will be distributed in the token sale program to be able to introduce DNP Token to a wider range of users. Later they will use the DNP Token in the DNP ecosystem, whether it's participating in the auction or in the market. Following are the features of the DNP Token:
Built On BSC: Binance Smart Chain is one of the best chain technologies in the market. BSC allows transactions that are faster, safer, and with lower fees. BSC is claimed to be better than the Ethereum blockchain.
Rewards for Holders: DNP token holders will get rewards for the tokens they hold. DNP Token will distribute 2% of the 6% tax to token holders. The more tokens the holder holds, the greater the reward they will receive.
Liquidity: DNP Token has a liquidity mechanism that will allocate 2% of the 6% tax to the liquidity pool to prevent the dump and ensure growth and stability.
Token Burning: 1% of 6% tax will be burned to increase the rarity and increase the price of DNP tokens.
Marketing: And the remaining 1% of the 6% tax will be allocated for the marketing and development of the platform.
Token Details
DNP Token is launched on the BSC platform with a total supply of 700,000,000,000,000 tokens and will not be increasing anymore. Since this is a deflationary token, the total supply of DNP tokens will decrease as transactions increase. The DNP Token is planned to be distributed via airdrop, presale, public sale, or added to liquidity on Pancakeswap & CEX. With the BSC protocol, transactions are faster and less expensive than the Ethereum protocol. DNP Token also has a potential future, because it will be used in the DNP ecosystem which in the future will be used by many people.
To conclude
Deflationary is a mechanism that allows the total supply of tokens to decrease for each transaction. This is the antithesis of the traditional financial system that allows banks to print as they please. With deflationary tokens, it is possible to increase the rarity of tokens which will affect the token price. And DNP token is a deflationary token that allows holders to earn passive income through BSC. DNP tokens will charge a 6% tax for each transaction, which later this tax will be distributed to holders, liquidity, burned, and marketing. With the DNP token, it is possible for everyone regardless of state or location to easily earn passive income.
Connect with DNP Token
WEB: https://dnptoken.com/
TWITTER: https://twitter.com/DNPtoken
