farsta: 100xCoin , A Revolutionary Community Driven DeFi platform Powered on Binance Smart Chain ( BSC)

100xCoin , A Revolutionary Community Driven DeFi platform Powered on Binance Smart Chain ( BSC)

INTRODUCTION TO 100XCOIN

Getting over $ 1 Billion USD in market cap is a fairly straightforward process. We're following in the footsteps of our ancestors similar to how Facebook took over MySpace. When our comrades stop on the moon, $ 100x is aimed straight at the sun.

$ 100x IS a deflation token built on top of the Binance Smart Chain. The coin has a 7% transaction fee which is split between the burn function, automatic liquidity pool creation and development wallet. This paper will discuss the benefits of this system, as well as the harbinger of future developments for the platform.

$ 100X IS BULL RUN'S LAST ALT GEM MOONSHOT

Another community token that is development based, 100x tokenomics provides the basis for continuous growth year after year.

100X GROWTH PLAN

Supported by the community, 100xCoin listens to coin holders, with a road map to give everyone a chance to 100X their coin holdings.

MAGICIAN TEAM

Led by public owner Ken "The Crypto", and a team of crypto wizards who have been working on a few projects this year alone.

TOKENOMICS THAT WORKS

1.5% marketing and development wallet, 2% auto-generated liquidity, and 3.5% burning system to increase scarcity on every transaction.

RIGHT TIME

Launched amid the rise in alt-coins, 100x attracted large investors who had made a lot of money developing gems before.

THE COMMUNITY is still growing but at the time of writing 100xCoin appreciates certain features which are not common on DeFi.

TRANSPARENCY

CONTINUITY
EDUCATION
SUPPORTS OTHER COMMUNITIES
AND SHILLING. WE REALLY APPRECIATE SHILLINGS �

Working together on Live Streams with Ken has given the entire team a unique perspective on how cryptocurrencies are created, sold and operated. What other communities stay under a $ 10 million market cap for a week simply because it's better for long-term project growth? I can't name a single one.

TARGET COMMUNITY MEMBERS

as money continues to flow out of centralized finance: banks, ATMs, piggy banks, $ 100x focuses on attracting two distinct groups to our community:

First-time buyers who have never traded crypto before. we view it as our responsibility to educate new investors about the ins and outs of crypto trading and ask them to buy coins responsibly. like always encouraging DYOR and only investing what you can afford to lose.

Cryptocurrency expert who has made money on other high growth projects this year. we respect the benefits other communities have made and welcome them into the 100x ecosystem. These members are invaluable for educating newcomers, as well as growing the value of the token.

This combination of community members will provide 100x the peer groups needed for future use case plans.

Values

The community is still evolving but at the time of this writing 100xCoin values certain traits uncommon in DeFi.
Transparency
Sustainability
Education
Supporting other Communities
And Shilling. We really value shilling �

But in all seriousness, the $100xCoin community has organically grown to a group of people who value the longevity of projects. Coming together on Live Streams with Ken has given the entire team a unique perspective into how cryptocurrencies are built, sold, and operate. What other community has held under a $10M market cap for a week just because it was better for long term growth of the project? I can't name one.

Tokenomics & Distribution

The starting $100x token supply is 935,312,500,000,000 and is distributed across wallet holders with no reserve for founders or developers. All $100x can be bought or sold freely.

The tokenomics of $100xCoin are:

3.5% burn per transaction
2% automatic burn
1.5% reserved for manual burns.
2% automatic liquidity pool generation
1.5% marketing and development allocation

These tokenomics were built from community advice after reviewing other successful projects this year. These specific features are tuned for hyper growth of the $100x token. Each benefit will be discussed in turn.

A key change from popular projects is there is no redistribution of tokens. Redistribution does not actually reward holders in the way that most other tokens promote. By sending small amounts of tokens to wallet holders, the redistribution actually gives more "Selling Power" to holders.

This is why the $100x token burns 3.5% of transactions. In this way, holders are rewarded by a constant increase in token worth as the circulating supply decreases. Redistribution only is beneficial to the top 20 or so wallets, and does not help community growth in the long term
The liquidity pool function was taken from the successful project Safemoon. In order to create more liquidity in the PancakeSwap pairing, the automatic liquidity function taxes buyers and sellers 2% each transaction. 50% of this transaction is used to buy BNB. Then the other 50% of $100x is paired with the purchased BNB an added to the liquidity pool. Yes, it's just like Safemoon; but instead of a hard-fork like Safemars or Safewhatever, we have layered in tokenomics designed for growth of the $100x token and our community goals.

Which leads us to the most unique component of $100x, the 1.5% of funds reserved for marketing and development. At the time of this writing $100x is traded at roughly $1M in daily volume. This 1.5% represents $15k USD that we will use to market the growth of the token, and develop future platform features. We expect this to 10x on launch of the new token.

Compare this to Safemoon who has to fundraise each time they want to release new features. Growth is capped and speed is limited. These funds increase our likelihood to go parabolic before the bull-run ends, while also creating features for sustainable growth. This wallet address will be shared with the community so that all transactions are transparent and clear.

At 100x we view marketing, sales, and development in a flywheel fashion. Roughly 40% of wallet funds will be used for marketing to attract new users, 20% will be used for a sales support team (Telegram for now), and 40% will be used for development of feature sets to be released in the coming months.

Near-Term Roadmap

At this time the $100xCoin community is focused on the key activities needed for hyper growth. A high-level roadmap is shown below, and may change as the community suggests directions:
April (After Launch)
Influencer campaigns
Strategic partnerships
Listing on Blockfolio, CMC, CoinGecko
May
Announce First Use Case
Celebrity Endorsements
Channel Partners (Clubhouse, New Outlets, etc.)
List on First Exchange(s)
June
Release Use Case Beta
Airdrop Features
Charity Partnerships
Foundation Announcements
July
July? Y'all can barely think past April 12 �

Conclusion

It's important to remember that $100x started out as a meme coin with 0 utility planned. It is from the continued support of the community that we are going to develop beyond this level. At the same time there are the risks of adoption that come with any DeFi project. The team is mitigating those risks by focusing on values of transparency and sustainability when making decisions for all holders of $100x.
With the leadership of Ken the Crypto and the community at large, $100x has the opportunity to be the best run DAO on the Binance Smart Chain.
Hop in, we're going places �‍�!

Links

Website: https://www.100xcoin.io/

Twitter: https://twitter.com/100XCoin_

Telegram: https://t.me/CoinCampaign100x

Reddit: https://www.reddit.com/r/100xCoin/

Medium: https://100xcoinofficial.medium.com/

Whitepaper: https://100xcoin.gitbook.io/100xcoin/

Coingecko: https://www.coingecko.com/en/coins/100x-coin

Coinmarketcap: https://coinmarketcap.com/currencies/100xcoin/

Author

Forum Username: Yan Eteki

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2855025