Contract: 0x4cE3dBF21F46FEbE307BE777d9BB5638D6B0A8d4
Whitepaper
Overview
Makk is a deflationary DeFi token that operates on the Binance Smart Chain. The fundamental principles of Makk are Deflation, Reflection and Automated Liquidity Acquisition to ensure a fair treatment for all investors and holders
.
Makk operates on a 9% transactional fee from each trade. This fee is distributed in the following way:
-
Reflection - 3% to proportionally reward existing Makk token holders and incentivise further acquisition of tokens and overall growth. A portion of the reflection also goes permanently to an inaccessible burn wallet, to decrease permanent supply and increase scarcity
-
Liquidity Pool - 3% this acts to stabilise the value of Makk and prevent whales from selling out crashing the price
-
Development and Marketing - 3% goes to funding ongoing Makk projects and community engagement and enhancements
The tokenomics of Makk purposefully act to benefit Makk holders and the project as a whole by locking 3% in the liquidity pool to ensure a stable price and prevent large sell-offs that impact the overall price, yet still rewarding existing token holders for their loyalty and incentivising future growth. Reflection also includes the burn of Makk tokens to a dead wallet as a proportional part of the Reflection to ensure the volumes of Makk in circulation are deflationary, increasing the scarcity and value of Makk.
Presale and Launch
Makk will be launched for a fair and equitable position to all investors. The presale will be hosted on the PinkSale platform with a hard cap of 150BNB with a maximum contribution of 3BNB per investor. This mitigates the scenario of Whales buying up large allocations of Makk, only to sell shortly after and crash the price. At launch, 1 Quadrillion Makks will be made available. 80% of the liquidity from the PreSale will be added to the PancakeSwap liquidity pool and locked for 1 year to prevent a rugpull. The dev team will also intentionally hold very minor stakes in Makk (<0.1%) for assurance of longevity, giving all of our investors confidence in the future of Makk. Upon a successful launch on PancakeSwap, the ownership will be immediately renounced giving the community full power and confidence in the forward momentum of the project. The contract is therefore fully decentralised and 100% community driven with no backdoors or hidden ownership. All tokens not transferred through PreSale or the liquidity pool will be burned
Liquidity Pool Algorithm
Part of the core logic of the Makk smart contract is an automatic liquidity pool algorithm. 3% of each buy and sell is accumulated and then added to the PancakeSwap liquidity pool. One of the core aims is to reduce the price impact when larger wallets decide to sell their tokens at any point in time. Having this algorithm in place, in theory, helps reduce the large price fluctuations that can be seen in other tokens. In short, the tokens and BNB added to the liquidity pool creates stability and an increased price floor.
Deflationary
Due to the nature of 3% of each transaction being passed on to Makk holders this has the side effect of causing the token to be deflationary. The largest “holder” is a dead wallet where approx. 40% of the initial supply will be burned. Since this wallet is not excluded from reflections, a proportion is added to the burn wallet thus decreasing the circulating supply slowly over time. The tokens in the dead wallet are completely inaccessible and are effectively burned. A benefit to Makk holders is that lowering the circulating supply, when demand is high enough, can increase a price of the token over time. Deflation of the circulating supply happens at a safe rate and in short promotes growth.