Re: EQUAL - Self-deflationary, Fairly Distributed, Multiplatform Utility Token
Hi Dev,
Can you expound more on this please "Self-deflationary, Fairly Distributed, Multiplatform Utility Token"
I believe many would like to know as well. Thank you
Can you expound more on this please "Self-deflationary, Fairly Distributed, Multiplatform Utility Token"
I believe many would like to know as well. Thank you
Broke it down into 3 parts, hope this helps
Self Deflationary
The EQL Network Token is the first self-deflationary token of its kind, this means the total supply of EQL is constantly in decline, this increases the percent ownership relative to the total supply of EQL Token holders. This result has been achieved through the addition of a burn fee on all transactions. The burn fee is 1% with a max cap of 250EQL per transaction.
Fairly Distributed
The name EQUAL comes from the method of distribution, with over 7000 users participating in the free Airdrop. The EQL team is now focused on building products and services to bring further utility and value to our token holders.
Multiplatform Utility Token
EQLs goal is to repair a fractured token market by building a suite of products that all make use of the EQL Network Token, creating an interconnected ecosystem of products all utilising one multi-platform utility token (EQL). These products and services will be built by the EQL core team and third party developers who make use of the Seed Offering program.