About Wavecoin
The Wavecoin Protocol consists of multiple different incentivizing functions that encourage users to take part in the cryptocurrency community.
Wavecoin Protocol
Growth
Hold Wavecoin and watch as your wallet grows constantly from rewards through reflection.
Secure
Wavecoin is a secure protocol aimed at incentivizing holders and a fair launch token distribution has taken place to ensure safety.
Safety
Store Wavecoin safely in your digital wallet and protect your private keys for maximum security.
Price Support
LP generated automatically with every trade on the blockchain and locked on Pancake.
Wavecoin Whitepaper
Passive Rewards, Manual Burns, Liquidity Pool Acquisition
Wavecoin Protocol
As the cryptocurrency community grows larger every day, many new DeFi procedures and applications are changing the way we look at centralized financial systems. Although there are many different high APY farming protocols offering a variety of different services, Wavecoin takes a different approach in offering passive income to holders. Yield Farming Protocols come with certain risk as they use proof of stake with attractive percentage returns. Risks involved with yield farming include impermanent loss, smart contract risk, and liquidation risk. These are reasons why Wavecoin has implemented the reflection function, in turn offering passive income to holders without additional risks that farming traps pose.
Why Reflection?
The reflection mechanism offers passive rewards that are totally conditional upon the amount of token being traded on decentralized exchanges. Passive income through reflection happens because transactions on the blockchain automatically distribute a percentage back into the liquidity pool and most importantly, the wallets of holders. Downward sell pressure is mitigated because Wavecoin protocol incentivizes holding. We believe in long term decentralized finance adoption and therefore went with a protocol that will encourage others to stay in the game regardless of market conditions short term.
Manual Burns
Wavecoin will be implementing a manual burn strategy that is beneficial for the long term holders of wavecoin. Manual burns will be conducted based on achievements and will happen accordingly. There will be an initial burn of Wavecoin supply to ensure a fair launch protocol for the community. We want the community to be rewarded and informed, manual burns will be advertised and made known.
Liquidity Pool Acquisition
The best function of Wavecoin is definitely the Automatic LP. This incentivizing function was implemented to reward the holders for taking part in the cryptocurrency community. The smart contract creates a solid price floor by both buyers and sellers participating on the blockchain through trading. The transaction tax function acts as an arbitrage deterrent, incentivizing people to hold. Both Wavecoin and BNB tokens will be getting added to the liquidity pool as trading persists, this creates a cushion for holders and aims to prevent large dips and whales from impacting the market so drastically.
Wavecoin Protocol
Wavecoin implements 3 incentivizing functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.
- 5% fee = redistributed to all existing holders
- 5% fee is split 50/50, half of which is sold by the contract into BNB, while the other half of the Wavecoin tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.
Type
Number
Shorthand
Total Supply
1,000,000,000,000,000
1 Quadrillion / 100%
Token Burn
300,000,000,000,000
300 Trillion / 30%
Fair Launch Supply
700,000,000,000,000
700 Trillion / 70%
Wavecoin Protocol
The Wavecoin Network is a community- based, fair-launched DeFi deflationary token. Three unique functions occur during each trade: Automatic liquidity pool acquisition, reflection for holders, and burn.