Karen Coin / KAREN
Karen Coin is a deflationary defi crypto token that takes a 8% fee from each transaction made with the token then generates 4% liquidity and 4% reward distributed to holders. The more you hold the more you earn! The purpose of this is to incentivize investors for holding and punish whales (Large market manipulators). 50% of the total supply of coins was burnt prior to launch.
Our main focus with Karen Coin is to create absolute transparency and generate full clarity for investors to know that what they are trading is safe and secure.
Automated Burn
The purpose of the automated burn is to slowly reduce the amount of Karen Coin circulating over time. As the burn wallet is also a token holder it will continue to accumulate a percentage of the 4% re-distribution after each transaction.
Given this is a dead address that no one can access, the percentage of tokens added with every transaction are essentially burnt, lowering the total circulating supply of Karen Coin which increases demand. This is designed in such a way that it will deflate at a safe rate and remove all possible dangers from the community and incentivise growth.
Fair Launch Protocol & Transparency
The fact that we burn the LP tokens means that a rug pool by the dev team is completely impossible. Unlike many others who employ a similar system, the Karen Coin LP can never be accessed even after the lock period expires as the smart contract was renounced upon launch and sent to a dead address. This creates a stable trading floor and ensures the PancakeSwap market will always have liquidity on it.
Automatic Locked Liquidity Pool (LP)
Karen Coin employs an automatic liquidity pool algorithm within the contract which collects 4% from each transaction no matter whether the order is to buy or sell and adds it to the LP. The goal is to minimize price movements when larger wallet holders decide to sell their tokens at any point in time.
Having the Auto LP algorithm in place helps reduce significant price fluctuations when compared to coins without it. Theoretically the added LP creates stability from the supplied LP by adding the tax to the overall liquidity of the token, increasing the tokens overall LP and supporting the price floor of the token.
Automated Burn
The purpose of the automated burn is to slowly reduce the amount of Karen Coin circulating over time. As the burn wallet is also a token holder it will continue to accumulate a percentage of the 4% re-distribution after each transaction.
Given this is a dead address that no one can access, the percentage of tokens added with every transaction are essentially burnt, lowering the total circulating supply of Karen Coin which increases demand. This is designed in such a way that it will deflate at a safe rate and remove all possible dangers from the community and incentivize growth.
How to buy Karen Coin
You can easily buy Karen via BitMart or PancakeSwap.
Karen Coin Contract:
0xfd42728b76772a82ccad527e298dd15a55f4ddd6
Karen coin contact information
Website: https://www.karencointoken.com/
Telegram: https://t.me/karencointothemoon
Twitter: https://twitter.com/karencointoken
Reddit: https://www.reddit.com/r/KarenCoinToken/
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------------------------------------- Note that: 1) A listing needs at least 1000 votes within 10 days to avoid being demoted to the Waiting Room. 2) If a listing reaches 2000 votes within 10 days, it will be tagged as a “Strong Community”. 2000 votes also qualifies the project to become one of our partners. You get 12 months of promotion at the cost of only 1 month! Please get your awesome community to vote. Thanks. 🚀🚀🚀 ------------------------------------- Hello readers, this post was created with our nice and easy submission form. Create your post!
