EAN TOKEN TOKENOMICS EAGLE NETWORK TOKEN (EAN) Read to kno | Eagle Network Announcement

EAN TOKEN TOKENOMICS

EAGLE NETWORK TOKEN (EAN)

Read to know and understand all about EAN token

Direct reward for using the miner app to grow crypto is Eagle Network Token (EAN). Miners can only withdraw (redeem) max 10% from mined Eagle (EAN) each month. This limit helps to reduce max supply into market which falls the price. Make sure to use CryptoKara app for Crypto rewards.

EAN TOKEN TOKENOMICS
Blockchain: Binance Smart Chain
Token Name: Eagle Network
Max Supply: 10 Billion
Ticker: EAN
Decimal: 9
Initial Burn 25%: 2,500,000,000
Transaction TAX: 10% EAN
Transaction Fees: BEP20 BNB

You must read all posts and announcements from project or you are lost with ignorance. New posts are made to update from old posts. There is no fixed info as you must read to update yourself further. Coming to group once a week or month you already miss important details about Eagle Network project and EAN and EGON token, so please do not blame anyone for your lack of information.

Functionality of EAN Token
EAN token is not an ordinary token as it is coded with functionality to sustain project ecosystem. EAN token is designed from other successful projects token and created with long time holders in mind. This means if you are not in for long time you get minimum or nothing from EAN. EAN is inbuilt with deductions from all transactions just like other such tokens. The tax taken by the smart contract is 10%. For every transaction, 10% is deducted by the token smart contract. You send 1,000, 10% is deducted by the smart contract and you get 90% value of 900 out of the 1,000 sent. Many other tokens work this way. Part of the 10% deductions is used to reward those who are holding and not sell, part is used to add more liquidity to enable buy/sell, part is used to buy EGON to reward EAN holders, part is used to buy back EAN from the open market and burn it which effectively reduce supply and increase price! This makes EAN a true burn token that gives immediate instant price increase when the buy back burn feature is done. Buy back and burn will be turned on at strategic times also to benefit long time holders and supporters. There are several token like EAN with even more tax

What 10% tax Be used For?
This 10% is done by the token smart contract and get distributed as follows:
3% - EAN Buyback & Burn
2% - Liquidity Pool
4% - EGON Reflection Reward
1% - Marketing Wallet
Max Supply 10 Billion EAN tokens.

Distribution of 10 Billion tokens will be as follows:
25% - Initial Supply Burn
60% - Mining Community
10% - Liquidity Reserve
5% - Core Team - (6 Months Locked & thereafter 10% vested monthly)

3% for Buyback & Burn
3% of all transactions used to fund the buyback burn EAN from the open market, thereby further reducing the supply and immediately increasing market price. Only to be used at strategic times to benefit long time holders.

2% For Liquidity Pool
2% is added to the EgonSwap liquidity for buy/sell perpetuity, and dynamically 25% between market capitalization and trading exchange liquidity.

4% Holder EGON Reward
4% of each transaction converted to EGON and sent to the wallets of EAN Holders. Reward depends on total EAN trading volume. More transactions means more rewards. The more EAN you hold means more EGON allocation.

1% Marketing Outreach
For further marketing and progressive growth and development, 1% will be sent to marketing wallet. This funds will be used to engage future strategic partners and development.

Sell Cushion
After each buyback transaction tax for selling EAN immediately are doubled, descending to the original 10% rate after some time. This means that if you plan to sell EAN immediately after burn you might pay more tax.

Market Dynamics
1). EAN price will not and cannot remain fixed.
2). EAN price will increase and fall.
3). Nobody can fix or control Crypto price.
4). The more holders who buy and hold EAN token the more price will increase.
5). The more holders who sell EAN token the more price will fall.
6). Only long time holders and supporters will benefit.