Byzantium to USD Chart
What is Byzantium?
Next generation staking protocol running on the Binance smart chain. It is a deflationary token featuring a custom-developed income-based staking protocol.
💻 In-house developed launchpad and staking wallet:
The Byzantium team has chosen to develop in-house software for the launch and staking mechanism of the token. The token sale portal is available at byzantium.finance/token-sale and the wallet at byzantium.finance/wallet.
💲 Income-based staking mechanism:
With byzantium, all staking rewards are based on the income the protocol generates. The main income of the protocol is generated through transaction taxation. For each transaction, the sender pays a 10% tax. 5% is burned and 5% is collected and distributed towards stakers. The amount the stakers get fully depends on the amount of tokens they stake. In essence, it means that holding tokens is heavily rewarded.
🔒 Permanently locked liquidity & no team wallet:
Liquidity is permanently locked into an ownerless Pancakeswap pool. Locked liquidity has many advantages, such as a constantly growing liquidity amount. There are no team tokens and there is no team wallet. All of the Byzantium tokens are distributed towards the community. The Pancakeswap pool tokens are permanently burned, locking all provided liquidity.
🔥 Deflationary:
On every transaction, 5% of the tokens in the transaction are burned permanently while another 5% are distributed towards stakers. This results in an increase of the value of each Byzantium token over time. The deflation mechanism is programmed to continue until only 10 million Byzantium is left. Deflation serves as an incentive to hold Byzantium, as the ever reducing supply of Byzantium will result in an increase in price.
Prices
Market Cap | ‹0.77% $133,861 |
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USD Price | $0.0013 |
Price Change 1h | ‹0.22% |
Price Change 24h | ‹0.77% |
24h Low / 24h High | $0.00135148899889635 $0.001385178138720758 |
Timeline
Launched | 14 Aug 2021 |
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Added | 19 Aug 2021 |