READ THIS CAREFULLY Today's topic is bots/whales and how we w | CryptoShips Announcement
READ THIS CAREFULLY
Today's topic is bots/whales and how we will deal with them when listing on PancakeSwap.
Bots are human-created programs which are able to do specialized tasks much faster and more efficiently that any human could ever do.
Whales are investors with a huge sack of money who intend to pump and dump token price in a very short amount of time (or sometimes a very long amount of time). They won't enjoy our game as much as any of you here.
What do they have in common? Our hate.
How are we going to deal with them?
Some of you suggest to limit buy/sell per wallet. That won't work. There isn't any difference between 1 wallet doing a 1,000 $BUSD transaction with 10 wallets doing 10 x 100 $BUSD transactions at the same time. Gas fee is minimal.
Some of you suggest to increase sell tax for the first minutes. That won't work. $CSHIP buy/sell tax is 0% (we don't like the idea of taking fee for buying/selling) and we renounced our ownership with the smart contract. No more changes can be done with the tax as we weren't planning to make any modifications at all. Increasing sell tax affects everyone, not just bots/whales.
What do we do? We have 2 anti-bot/anti-whale methods combined (don't ask us how they work), but bots have evolved to an unimaginable level and we can't prevent 100% of them. That's why we have our ultimate weapon. We have $CSHIP.
Since only 25% seed tokens will be released (30 minutes) to our seed investors and airdrop tokens will only be distributed to our airdrop winners on the 3rd day after P2E opens, we have a reserved fund of 75% of total seed tokens and 100% of airdrop tokens. We will use these tokens to adjust the price manually and dump on bots/whales for the first 30 minutes after listing. The final goal here is to effectively cut their profit (if there is any) while they're the most active (there will still be bots and whales after 30 minutes of course) and try to give as many legit players as possible a reasonable entry point.
If you are a regular player/investor, you can purchase/trade $CSHIP in the first 30 minutes after listing at your own will, however we at CryptoShips recommend you not to. We're expecting $CSHIP price will be more stable after 30 minutes.
Our regional moderators have been instructed to spread this piece of information. If you have anything unclear, do not hesitate to ask them.
Later on, we are going to buyback enough $CSHIP to distribute to our seed investors and airdrop winners. And don't forget that we will have at least an extra airdrop event with PlayToEarn and hopefully another one with CoinMarketCap. Aggressive marketing is on.
CryptoShips Team
