@Elonmusk tweets, ELONPEG burns.
ELONPEG is the first Elon-pegged cryptocurrency. Feel the burn with the first deflationary ecosystem built around volatility-inducing Elon-created events.
The crypto market is volatile, innovative, and if we’re being honest with ourselves, incredibly fun. Every day new tokens and coins are coming to market, and every day we ape in and hope.
Unfortunately, there are influences that can affect the markets: regulations, political maneuvers, rugpulls and crashes. But none perhaps so equally celebrated and condemned as the Elon tweet.
With a picture of a dog, a comment about energy consumption, or a retweet about company acceptance of a coin, the Elon tweet can shake markets and terrify investors.
Recognizing that Elon tweets create extreme swings in market volatility, we have created the Inverse Elon Peg to both counteract negative reactions and amplify positive reactions to Elon tweets.
HOW DOES $ELONPEG WORK?
The token itself is a BEP20 fungible asset on the Binance Smart Chain. It has a total initial supply of 1 Trillion ELONPEG, and includes a 9% tax on all transactions. This 9% gets distributed equally to holders, the liquidity pool, and the token’s marketing wallet.
BurnUponTweeting is a smart contract that acts as both a Vault and as an entry point for burn actions against the ELONPEG token. At creation, this contract was given 50% of the total ELONPEG supply (500 Billion). When the ElonTweeted(tweetId) function is called, it will burn 0.5% (adjustable) of its own supply, taking those tokens out of circulation forever.
This ethers.js powered webhook endpoint is run in a serverless compute cluster on-demand. It is highly secure and accessed by an independent hot wallet for BSC gas fees.
The token uses an “if this then that” (IFTTT) style framework, that checks Twitter for new Elon tweets, replies, or retweets. When one is found, it calls the Secure Webhook to kick off the burn process. The burn and the tweet that caused it are available for further API pushes, and the tweet ID is stored in the event logs of the blockchain transaction.
ELONPEG creates the first deflationary ecosystem built around Elon-created Twitter events. Deflation will occur most heavily during the early period of the token at lower market caps in order to counteract the inherent volatility in a new token market. Over time the burn will continue with frequency dictated purely by that of Elon tweets, but will reduce in size. ELONPEG can be added to the Vault at any time if further burn is required, and the burn rate (percentage per tweet) can be adjusted if needed.
- TOTAL SUPPLY 1,000,000,000,000
- LOCKED LIQUIDITY 1 Year
- Vault 500,000,000,000
- Marketing and Development Wallet 50,000,000,000
- Team Wallets 30,000,000,000
- Available at Pre-Sale 240,000,000,000
- Pancake Swap Supply 175,000,000,000
- DxSale Fees 5,000,000,000
9% TRANSACTION FEE
- 3% To Holders
- 3% To Liquidity
- 3% To Marketing Wallet for Awards, Contests, and Carbon Offsetting
Project MESA (Make ElonPeg Sexy Again) is the move forward plan for ELONPEG. In the video below, founder Steve talks about the steps the team is taking to ramp up marketing, holder acquisition, development, and more.
TechRate Audited and Doxxed team
ELONPEG has been audited by TechRate and the project is lead by an experienced doxxed team.
ELONPEG contract :
ELONPEG contact information
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