0xDistro

Introduction

0xDistro is a Binance smart chain BEP20 token that acts as a store of value with an intrinsic mechanism of interest attached. 0xDistro’s mission is to create a store of value that motivates token holders by giving them a chance to increase their holdings by minting approx 2,500,000 (0.25%) new tokens each month and distributing these tokens to random wallets.  The selection process for the distribution is random, but token holders can increase their chances of being part of the monthly distribution by holding a number of tokens and holding them over time.

Why are we building 0xDistro ?

Tokens can be defined as a utility or a security , utility tokens are primarily designed to provide access to a specific product or service, while security tokens are designed to represent an ownership stake in an underlying asset, product or service.

Issues arise when a token's price is tied to the usefulness of an underlying product or service. If the product or service fails to gain traction the value of the token may decline as sellers take control of the market because buyers are dissuaded because of the underlying issue with the product or service.

With 0xDistro we don't see ourselves as a utility or security, but rather as a function to our own ecosystem. Not only do we provide the incentive for storing value but also provide the functionality to negate the diluting effects of this incentive. This allows the token to maintain value while acting out its own economic system and  staying independent of any underlying product or service. This allows the 0xDistro economic system to be 100% independent of any other business or commodity, and thus lets us build a store of value on our own terms.