Tokenomics
NO ICO , NO PRESALE , FAIR LAUNCH !
Last updated
NO ICO , NO PRESALE , FAIR LAUNCH !
Last updated
Token Name: Caramel
Token Symbol: MEL
Contract Address: 0x7D5bc7796fD62a9A27421198fc3c349B96cDD9Dc
Chain: Binance Smart Chain (BEP20)
Max Supply: Unlimited
Reward per block Start: 10 MEL.
Burn Rate: 2% of transfer tax will be burned immediately
Total Transfer Tax Rate: 2% of every transfer
Automatic Liquidity Rate: 0.03% of transfer tax will be added to the LP pool and locked.
Total Transfer Tax Rate: 0.03% of every trade
Emission Distribution: Initial Farm/Pools get 9 MEL rewards per block. In addition, we may make adjustments to suit reality, to ensure a stable and increasing MEL price.
10 CARAMEL/ block
259.200 MEL/ day
Caramel Finance collects a 5% deposit fee to periodically:
5% deposit fee will be charged at staking.
80% of the deposit fee will be used to BuyBack and burn Caramel.
20% of the deposit fee will be used as a dev & emergency fund.
There's currently no hard cap on the supply of Caramel, making it a deflationary token.
Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future.
Caramel primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
DEV WALLET: 0x06441a9094b6573311133FBA29A76AB515d0967C
