The developers own 30% of the tokens in the top wallets. Why?
Here is a breakdown of the top wallets and their purpose:
- 10% - Buy-Back Wallet
- 5% - Founder Wallet (x2)
- 2.5% - Marketing Wallet
- 2.5% - Development Team Wallet
- 1% - Auxiliary Wallet (x5)
These values were selected with long term health of the project in mind and to protect against an early whale being able to own too much of the supply with no benefit to the project long term. There is an option to lock the tokens in these wallets and or turn off reflections to the Marketing/Development/Auxiliary/Buyback Wallets.
The five auxiliary wallets that were initially sent 1% of the total supply from the deployer wallet to generate BUSD were eventually to be used in order to fund and acquire talent. Our initial approach was to give a wallet to marketing agencies, etc in return for services.
Due to the rapid adoption and love for the token, we are going to be able to do much more with these wallets than expected - we are still determining which direction we want to go with them for the longevity of the project and community.
There is a possibility of using a token locker, if the community wishes to do so at some point.
Another possibility is using the BUSD reflections generated by the wallets to add to the liquidity pool or buy-back wallet, with absolutely no need to sell any tokens. We may have community discussions on what would be the best course of action for these wallets to benefit our holders.
Auxiliary Wallet - 0x3a33abdc679b36f9d9782a034432dc7d4d1bee0e (BSC Scan) This wallet has been given in exchange for goods and/or services.
Auxiliary Wallet - 0x202f8d59718fc571bbaa2b7d673de2837b680d84 (BSC Scan) This wallet has been given in exchange for goods and/or services.