CoinADA

The $CoinADA token has three functions that occur during each trade: Token-Reflection, LP Acquisition, and a Buyback.

In order to fully understand the ADA redistribution, you first need to understand how token reflection has worked in the past.

Classic redistribution

This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.

This means that whenever a transaction takes place, anyone who is already holding Safemoon will get a percentage of that transaction given to them in more Safemoon. The problem with this, is that in order to turn that Safemoon into “real” money, you have to sell it, which inevitably brings the price of the coin down.

BNB redistribution

Popularized by HODL and GhostFace, a transaction fee is applied to every single buy /sell order, tokens are then swapped in real time for BNB and added to a POOL to earn interest (similar to how liquidity pools work). Holders can then go to a website and manually claim the BNB earned at a specific time (daily / weekly / etc..). The BNB they can collect is based on their percentage of token holdings and the current pool size. So if 100 people each owned one HODL coin, and there were 50 BNB tokens in the pool, each holder would get .5 BNB.

Claiming manually is unintuitive for a few reasons:

• You have to connect your wallet manually to the website

• Timed withdrawals (daily, weekly, etc) require you to return frequently to manually claim your BNB, and if you forget to claim, your BNB is lost forever.

• There is already a barrier of entry to be able to transact on the Binance smart chain. It is difficult for the average holder to understand the value until they go through the full claiming experience. With auto-claim, they can see results just by refreshing their wallet.

  We innovated a unique system that auto-claims for every single holder the amount due by giving the option to our holders to increase their staking rewards by reinvesting automatically. The goal is to be able to create a passive, ever growing income with our community.

  The way it works for holders: You buy tokens and hold them, every sixty minutes you will automatically receive ADA in your wallet. Not a single action is required.

  However, if you would like to reinvest your ADA into CoinADA, you will increase your portion of the rewards, and create a passive revenue stream that will grow with our community. You can choose to reinvest all, half, or a portion of your ADA rewards.

  The amount of CoinADA tokens you hold will not change unless you choose to reinvest your ADA rewards.

  This system is fair and fully automated, and does not add minimal gas fees proportional to value transferred. The number 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. Minimum token balance is 20,000 CoinADA tokens to receive ADA distributions.

  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 than the value of the tokens)

  • The token is based on a Dividend-Paying Token Standard, which means all ADA the contract gains will be split equally proportionally to the token holders.

  • When a user is processed, the contract checks how many withdraw-able dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for ADA, automatically buy back tokens for them, or both.

  Other Features

  Extra 1% Sell fee Swing trading is a common practice that can affect price action. To incentivize holding and reducing pump and dump dynamics, we added an extra 3% sell fee on top of the initial 15% transaction fee.

  Total buy fee = 15% (12% redistribution + 3% liquidity)

  Total sell fee = 16% (12% BNB redistribution + 4% Liquidity pool)

  Gradual buybacks & burns: The contract gradually purchases and burns CoinADA tokens. As a result, the price rises and the supply decreases.