BNBRing ( $BNRING ) The BNBRing TOKEN Whitepaper aims to educate readers on our vision, strategy and roadmap. Below we illustrate in detail our unique redistribution mechanism, It's an engineering achievement unheard of until now in the BSC ecosystem. We are happy to be the pioneers and are excited to show the new use cases. Safemoon was the one to bring awareness around RFI and HODL rewards. BNBRing will carry the innovation torch forward. We will share our vision with the world: the auto-claim BNB reward mechanism.
$BNRING is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in BNB instead of tokens.The token contract employs a static rewards system—15% of every transaction is split in three:
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.TL; DR: You receive more tokens automatically.
BNB redistribution Popularized by HODL,GhostFace,Jigsaw and TIKI 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 BNBs
We have a system that auto-claims for every single holder the amount due. We call it the BNBRing PROTOCOL.
The way it works for holders: You buy tokens and hold them, every 60 minutes you'll automatically receive BNB in your wallet. Not a single action is required. Your BNBRing tokens amount is persistant and won't change.
This system is fully automated and doesn't 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. It's a fair system, fully automated. Minimum token balance is 10,000,000 $BNRING tokens to receive BNB distributions.
Token Information (provisional) Network: Binance Smart Chain (BEP-20) Ticker: BNBRing TOKEN Contract address: TBA Decimals: 18
TOTAL SUPPLY : 1,000,000,000,000,000 🔅 Liquidity Locked: 100% - 1 year
Locked Liquidity Initial liquidity will be locked for 1 year to provide holders with peace of mind that the token can always be exchanged. A trusted 3rd party, DXSALE, will operate as the middle man to ensure that all raised liquidity is locked in a secure locker for the full timeframe.
Twitter: https://twitter.com/BnbRing Website: https://bnbring.com/ Telegram: https://t.me/BNBRing