The ELON PETS Whitepaper aims to educate readers on our vision, strategy and roadmap. Below we illustrate in detail our unique redistribution mechanism.

It’s an engineering achievement unheard of until recently in the BSC ecosystem. We are happy to be the pioneers and are excited to showcase the new use cases that this will enable.

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ELON PETS in a nutshell

ELON PETS is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in BUSD instead of tokens.

The token contract employs a static rewards system—12% of every transaction is split in two:

• 3% BUSD is redistributed to holders
• 4% is used to let new investores know about the project
• 4% is used in buyback wallet to make the chart looks healthy and bullish
• 1% is used for pets donation

In order to fully understand the BUSD redistribution, we need to educate you on the reflection concept:

Classic redistribution

This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.
TL; DR: You receive more tokens automatically.

ELON PETS redistribution

Claiming manually is unintuitive for a couple of reasons:

• Need to connect your wallet manually to the website
• Time constraints as you need to return frequently to manually claim your BUSD
• Educating holders is complicated. It’s difficult for them to understand the value until they go through the full claiming experience. More difficult to market.

A unique system was created that auto-claims for every single holder the amount due. We call it the ELON PETS PROTOCOL.

The way it works for holders: You buy tokens and hold them, every 30 minutes you’ll automatically receive busd in your wallet. Not a single action is required.

Your EPK$ tokens amount is persistant and won’t change.

Behind the scenes:

• The contract keeps track in an array of all token holders
• The contract keeps an index into the array for processing
• Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)
• The token is based on a Dividend-Paying Token Standard, which means all BUSD the contract gains will be split equally proportionally to the token holders.
• When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for BUSD, or automatically buy back tokens for them.

This system is fully automated and doesn’t add minimal gas fees proportional to value transferred. The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive dividends from the queue based on their position in the array. It’s a fair system, fully automated.

ELON PETS Launch

The protocol will be launched soon (to be announced - follow our telegram for all updates).

Security of ELON PETS

Locked Liquidity Initial liquidity will be locked for 6 months to provide holders with peace of mind that the token can always be exchanged. A trusted 3rd party, Pinksale, will operate as the middle man to ensure that all raised liquidity is locked in a secure locker for the full timeframe.
We were able to ensure no vulnerabilities can be found such as:

• Integer Overflow
• Integer Underflow
• Callstack Depth Attack
• Timestamp Dependency
• Parity Multisig Bug
• Transaction-Ordering Dependency

The token contract will be verified and available for viewing on bscscan before launch.

Other features

Investor will be rewarded 3% BUSD rewards whenever some investors ape in, that 3% will be distributed to the hoders, more you hold more you got the percentage. 4% will be used for marketing. 4% is used in buyback wallet to make the chart looks healthy and bullish. and the last 1% will be donated to help pets around the world.
Total sell fee = 12% (3% Busd redistribution + 4% Marketing+ 4% Buyback Wallet+ 1% Pets donation).