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.
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:
In order to fully understand the BUSD redistribution, we need to educate you on the reflection concept:
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.
Claiming manually is unintuitive for a couple of reasons:
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.
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.
The protocol will be launched soon (to be announced - follow our telegram for all updates).
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:
The token contract will be verified and available for viewing on bscscan before launch.
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).