Post
Topic
Board Announcements (Altcoins)
Re: [ANN] YOYO - Automated Reward and Liquidity - BSC
by
YoYoCoin.info
on 01/11/2021, 04:21:33 UTC
Sorry if I'm uninformed. But can you explain more about auto liquidity maybe?

Thanks!

OFC no problem! So for every transaction there is a 7% tax. 4% is sent to a pool in the smart contract and is automatically distributed to all holders.

**3% is automatically sent to the pancakeswap liquidity pool for YOYO. In a short explanation the amount of liquidity a coin has is the max amount that can be sold at one time. So if everyone sells and nobody buys the liquidity depletes. With the 3% auto-liquidity this will help prevent that from happening because every time someone sells a portion goes to liquidity.

Hope that makes sense!!