💸$PETO-nomics
Initial Supply: 800,000 $PETO Max Supply: 800,000,000 $PETO
$PETO is an Elastic BEP-20 token which is hyper-inflationary in nature & continues to grow throughout the rebase protocols functionality instilled within the contract.
This native currency dispenses properties essential for passive income generation through providing 0.02839% interest every 15 min, which makes 96 times in a day. The protocol is a self-designed and drafted network and is not essentially a fork of any other project. With its: Auto-Burn, Inferno Pit configuration, marginal starting supply, and 15-minute Epoch's, our Petonomics are entirely unique, allowing for a much more exponential APY evolution of attainability.
It’s important to remember, that although the supply is always growing through auto-compounding, the supply is also continuously being burnt. 8% of every txn goes to the Inferno Pit, where tokens are stored and burned. Additionally, these tokens are also subject to the auto-compound feature. Therefore the burned supply is constantly growing as well. This system of checks & balances in place and the constant back and forth between minting and burning will work to ensure that we stay well within our set supply range. If needed to ever boost the inferno pit output levels, can utilize tokens from the game treasury.
Tax Placement:
PIF - 3% of Trading fees are stored in the Peto Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
PALE - 3% of Trading fees go to backing the liquidity of the BNB/PETO pair on PancakeSwap ensuring an ever-increasing collateral value of $PETO.
Inferno Pit - 8% of all $PETO traded are burnt in the Inferno Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $PETO and keeping the Petoverse protocol stable.
Game Treasury - 2% of Trading fees go directly to the treasury which supports the other features and provides a marketing budget/funds for the game development.
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