Deflationary is a concept where the supply of cryptocurrency decreases with the number of transactions made by its holders. The supply of cryptocurrencies will drop to a certain point by burning tokens derived from transaction taxes. In this way, it is hoped that the price of the tokens can increase because along with the large number of tokens that are burned, the rarity of the tokens will also increase which will affect the price of the tokens.
The concept of deflation itself was brought by the DeFi protocol, which was responded well by the market because not only this concept can make the price of a token increase, but it will also provide rewards for its holders. And SantaCoin is one of the tokens in the crypto market that adopts the deflationary concept. SantaCoin is a hyper-deflationary token that will reward its holders. Since this is a deflationary token, the supply will decrease with the number of holder transactions which will affect the price of the token and benefit the holders.
Hyper Deflationary Token
For crypto users, you may be familiar with the concept of deflationary, which is a concept which increases the rarity of a token by reducing its supply which will affect its price. With the presence of this concept, it is possible for crypto holders to be able to benefit from the tokens they hold, especially those who are early holders, because the longer they hold the token, the greater the reward they will receive and the higher the valuation of the token. The concept of deflationary is an interesting concept, and that is what SantaCoin offers, it is a token that adopts the concept of hyper deflationary, where the supply of SantaCoin will drop significantly with the number of transactions. SantaCoin offers its holders the opportunity to be able to benefit from the tokens they hold through reflection offered in the form of BUSD tokens. So the longer the user holds the SantaCoin token, the greater the reward they will get.
By launching on BSC, SantaCoin will offer users a deflationary token which will reward users and offer faster, more secure, and lower fees transactions compared to chains like Ethereum.
SantaCoin Features
SantaCoin is a deflationary token launched for crypto users globally. The features offered by SantaCoin enable users to be able to benefit from the tokens they hold because along with the number of transactions, the supply of SantaCoin will also decrease which will increase its rarity and increase its price. But that's not all, there are several other features of SantaCoin:
Anti-Whale System: a system designed to deal with whales who often manipulate the market. This is a contract that does not allow a sales amount higher than 0.125% of the total supply in one transaction.
Multiple BuyBacks: 3% of every buy and sell transaction will be automatically added to the Buy-Back Reserve.
Liquidity Pool: to strengthen the price floor of tokens, the system will automatically convert 2% of every transaction to a liquidity pool.
BUSD Reflection: the system will automatically reward its holders in the form of BUSD tokens. The plan is that 8% of every buy and sell transaction will be converted to BUSD and distributed to holders fairly.
Tokenomics
As a deflationary token, it is possible for users to get SantaCoin easily through supported exchange platforms. SantaCoin is a utility token which means it can be used for various things such as for transactions, earning passive income, investing, etc. As holders, users will get rewards according to the amount of their participation, the greater the number of tokens held by users, the greater the rewards they will receive. This is a deflationary token that is still fresh and has the potential to grow in the future.
To conclude
Tokens that adopt a deflationary concept allow their supply to decrease with the number of transactions which will increase their rarity and will provide benefits to their holders. And SantaCoin is here as a token that adopts a deflationary concept that will provide rewards in the form of BUSD tokens to its holders. By holding SantaCoin, users will get the opportunity to be able to enjoy tokens at a higher price, because the increasing rarity of SantaCoin will affect its price which will benefit the holders, especially those early holders. SantaCoin has the vision to become a reliable hyper deflationary token and reward its users globally.
Connect with SantaCoin
WEB: https://santacoin.io
TWITTER: https://twitter.com/Santa_Coins
