Introducing Godspeed Token
Steady Price Increase, Static Rewards, LP Acquisition, Automatic Burn
After the impact of Elon musk tweet on all crypto market, He starts supporting bitcoin and other cryptocurrencies, and the price shoots up and with just one tweet, Bitcoin fall more than 50% even lower than before he starts supporting it, and how he has been manipulating Dogecoin, it’s become obvious that crypto market can be manipulated by one man, and this has been happening often, Highly influential people will buy a cryptocurrency and then share something positive about it and shoot the price up, and then after they sell, they spared something bad about it so it can come down and they can buy again and keep repeating the process.
Here comes Godspeed, a cryptocurrency that is built with investor security in mind. The first question anyone will ask will be, why will a cryptocurrency price keep going up without it falling or ever falling? And also How can this even be achieved in a public market?
Firstly, Godspeed is a token that will be tied to a lot of project with the major been the Godspeed Exchange and GodSpeed trading bot, the exchange platform will use Godspeed Token as the gas fee, and also it will be the main Token on Godspeed wallet, this wallet will allow people to swap and exchange all crypto currency to Godspeed Token.
Secondly, Godspeed implementation a lot of features that benefit holders in a long run, and these features are
Automatic Liquidity Pool
Godspeed token is built in a way that every transaction send a little amount to 0x000000000000000000000000000000000000dead, This wallet isn’t owned by anyone and has no private key, so every coin that goes to this wallet automatically leaves the market and so it’s automatically burned, and with more token in the wallet the more Godspeed token burns, so this method achieves a deflationary price.
Technically if 50,000,000 tokens worth $1000, by the time half of it will be burned, it’s should worth at least $2000 or more.
Circulating Supply Price
The will always be manual burn every quarter until Godspeed Token remains 10,000,000.
Sometimes burns matter; sometimes they don’t. A continuous burn on anyone protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked.
GodSpeed aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of GodSpeed burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point in time.
Automatic Liquidity Pool
First, the contract takes 5% of tokens from every transaction and adds them to the PancakeSwap Pool, Automatically refilling the pool every time.
Second, the penalty acts as an arbitrage-resistant mechanism that secures the volume of GODSPEED as a reward for the holders. In theory, the added LP creates stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the token’s overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply.
As the GODSPEED token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function.
For every transaction, 5% of the token is redistributed to all holders as a passive income, and this also encourages holders and punish people that just want to buy and sell in show run,
Every Godspeed transaction is charged a 10% fee, which is distributed in three important ways, 5% is transferred to the 3 years locked LP wallet, 2.5% is sold into BNB, and the other 2.5% is added as a liquidity pair with BNB on Pancake Swap. 3% is distributed among all holders. 2% is sent to the burn wallet with renounced ownership.