Skip to main content

TOTHESMART Is Transitioning to Its Own Token What Is the TTS Token Phenomenon?

PRESS RELEASE. TOTHESMART is a PlayToEarn mining farm built on Binance Smart Chain blockchain. The project works on decentralization principles and believes that the best way to develop community and promote blockchain industry in Mass Adoption is a game engine with open rules of the Game prescribed in blockchain.

The project was released more than 200 days ago. We’ve already wrote about it in a previous press release.

TOTHESMART uses stable BUSD token to interact with smart contract mining farm, but due to a series of high-profile negative events related to Stablecoin and its decoupling from USD exchange rate TOTHESMART decided to switch to its own token TTS built on Binance Smart Chain.

The main idea of token is decentralization and fair distribution of tokens among blockchain enthusiasts community.

Thus, 80% of the maximum issuance of the TTS token is inside the Play to Earn smart contract of the mining farm. These tokens can only be obtained by purchasing virtual miners and selling namained tokens for real TTS tokens.

10% of the tokens were sold in a private sale with a 25% monthly split.

5% are team tokens that will be unlocked monthly for 20 months.

1% of the tokens have already been locked into the liquidity pool until 2107.

The remaining 4% were distributed to the community in the form of Airdrop. They can only be spent to purchase Tothesmart virtual miners.

The TTS token is already available on PancakeSwap

Binance Smart Chain

Slippage for buying and selling on DEX – 12%

The distribution is as follows:

5% is sent to the Play To Earn TOTHESMART smart contract for additional user rewards.

2.5% is burned. This deflationary model allows the issuance of tokens to decrease over time and thereby increase their value.

2.5% replenishes the TTS token liquidity pool

2% – replenishes the marketing and advertising fund of the TOTHESMART ecosystem.

TOTHESMART is committed to

build an international healthy community of blockchain enthusiasts and implement new products needed by the market.

One of the planned products is ido startup site where users can get important information about new cryptocurrency stratagems in a game-like manner and participate in IDO and Airdrop token allocation.

More info

Website – http://ttsfarm.com

Audit – https://hazecrypto.net/audit/tothesmart

Telegram feed – https://t.me/tothesmartofficial

Community chat – https://t.me/tothesmartofficialchat

Twitter – https://twitter.com/tothesmart

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/9tdqniJ

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...