What is 420x?
$420x coin is the first crypto project that has the potential of becoming a mainstream brand, payment solution and cultural movement. We believe in merging both pop culture and cryptocurrency to create merchandise that can be purchased with our native token $420x. We believe that one day we will be a household name that has multiple outlets that accept $420x. We have already partnered up with popular grime artist Ard Adz and plan on changing the perception of cryptocurrency in pop culture.
$420x is a hyper deflationary coin with a fixed supply. No more $420x can ever be minted. Due to the deflationary aspects of $420x this ensures that there will be an ever-rising price floor if there are no massive fluctuations in the market. The token breakdown is as follows:
Total Supply: 1,000,000,000,000,000
Burned tokens: 420,000,000,000,000.
Dev Wallet: 75,000,000,000,000
$420x has a transaction tax of 8% which is distributed in two ways.
• 4% fee redistributed to all existing holders. (auto-staking)
• 4% fee is added back automatically into liquidity.
What is hyper deflationary?
A tokens price is determined by its market cap divided by its circulating supply. In a hyper deflationary token, there is a continuous burn on the token with every transaction, this would suggest there is an ever-rising price floor. This is achieved by the 4% auto liquidity in the contract. On every transaction done on $420x, the 4% fee uses 2% to buy back the other corresponding LP pair. This is then sent to the dead wallet where it is locked and therefore burned adding to the deflation of $420x.
What is auto staking?
As stated earlier there is a 4% fee that is also redistributed to all existing holders. This is also known as auto-staking. If you were to hold $420x, and the price were to increase or decrease, you would be accumulating more $420x depending on the trading volume of that day. Not only does the coin deflate and reduce the circulating supply on every transaction, it also has a compound gain in which all holders are rewarded according to how much they hold.
Is 420x Safe?
To ensure our holders are safe on the launch of $420x, 85,000,000,000,000 tokens (8%) of the future burns was locked into DxSales locker. These will be released and burned on 4/28/2021. On the first day of launch we burned a total of 339,621,889,491,490.135433253 tokens (33.9%) of the total supply.
After an amazingly successful launch, we locked 95% of the presale into liquidity for one year. The unlock date of the liquidity is 4/20/2022. Due to this we have one of the highest liquidity coins in the current BSC. These high levels of liquidity protect the holders from massive dumps. We have also renounced our contract.
We have taken all these steps to ensure you are 100% safe.
TechRate was commissioned by 420x to perform an audit of smart contracts. We have passed the audit please visit our website for the full pdf.
420 x tokenomics
|网络名称：Binance Smart Chain|
|NEW RPC URL：https://bsc-dataseed.binance.org/|
|Block Explorer URL：https://www.bscscan.com|