AVG is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you getrewarded in BNB instead of tokens.The token contract employs a static rewards system—14% of every transaction is split in three:• 12% BNB is redistributed to holders• 2% is used to fuel the liquidity pool exchange growth• 2% is used for automatic buybacksIn order to fully understand the BNB redistribution, we need to educate you on the reflection concept
BNB redistributionPopularized by HODL and GhostFace, a transaction fee is applied to every single buy /sell order,tokens are then swapped in realtime for BNB and added to a POOL (similar to how liquidity pools work).Holders can then go to a website and manually claim the BNB earned at specific time (daily / weekly /etc..). The BNB they can collect are based on their token holdings % and the current pool size.TL;DR: You hold, then go to the website and request your BNBsAVG redistributionClaiming manually is unintuitive for a couple of reasons:• Need to connect your wallet manually to the website• Time constraints as you need to return frequently to manually claim your BNBs• Educating holders is complicated. It's difficult for them to understand the value untilthey go through the full claiming experience. More difficult to market.We created a unique system that auto-claims for every single holder the amount due. Wecall it the AVG PROTOCOL.
The way it works for holders: You buy tokens and hold them, every 6 hours you'll automaticallyreceive BNB in your wallet. Not a single action is required.Your AVG tokens amount is persistent and won't change.Behind the scenes:• The contract keeps track in an array of all token holders• The contract keeps an index into the array for processing• Every transaction processes a certain number of users, depending on the transaction size(bigger token transfers can process more, since the gas will still be proportionally less thanthe value of the tokens)• The token is based on a Dividend-Paying Token Standard, which means all BNB thecontract gains will be split equally proportionally to the token holders.• When a user is processed, the contract checks how many withdrawable dividends they have,and if it is above the minimum threshold for auto-claims, will either automatically claimthose dividends for BNB, or automatically buy back tokens for them.This system is fully automated and doesn't add minimal gas fees proportional to value transferred. Thenumber of holders processed through each transaction is dynamic and based on transaction size.Holders will receive dividends from the queue based on their position in the array. It's a fair system, fullyautomated
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