PADDYCOIN – Whitepaper
A DeFI Deflationary cryptocurrency – designed by the people, for the people
At PADDYCOIN HQ, we, like much of the world are tired of governments printing money at an alarming rate, leaving every day people like you and I worse off financially due to inflation. This, coupled with the worst mental health crisis the world has ever seen has inspired us to create PADDYCOIN – A community driven DeFI currency that rewards investors, whilst donating much needed funds to mental health charities around the world.
PADDYCOIN’s unique deflationary protocol is leading the way in the cryptocurrency space and has the opposite dynamic to fiat and traditional cryptocurrencies, as the number of tokens available decreases with every buy/sell transaction on the PADDYCOIN protocol.
This unique dynamic rewards loyal holders in two ways:
Reduced supply – 3% of every transaction is burnt
This increases the scarcity of every PADDYCOIN in circulation. What this means is that every time PADDYCOIN is used, the value of the remaining tokens in circulation is increased by simultaneously decreasing the supply (deflation)- overtime this will increase the price of PADDYCOIN as there are less tokens available to purchase.
Earn more PADDYCOIN – 3% of every transaction is redistributed to all holders
Static rewards ensure each holder of PADDYCOIN receives additional tokens no matter how much you have invested or how long you’ve been part of the PADDYCOIN revolution. As 3% of all transactions are redistributed, the number of tokens you own will increase indefinitely – simply sit back and watch your balance grow.
This unique combination of reduced supply and static rewards is programmed to reward our loyal holders who make the PADDYCOIN community so special. As a result of this, every single PADDYCOIN holder has an incentive to spread the use of PADDYCOIN as much as possible. As the more transactions that take place on the network, the individual net-worth of all who own a piece of the network increases as well.
. Community first cryptocurrency
Our greatest strength is the endless creativity of our community and the desire to help each other to further the development and reach of PADDYCOIN. This is only just getting started with a full marketing push commencing May 2021 where our network of influencers and crypto experts will ensure PADDYCOIN is the most talked about cryptocurrency in 2021.
And you, our community will be here for every step of this amazing journey.
Constantly Increasing Liquidity Pool
A constantly increasing LP is an integral part of PADDYCOIN. By function it helps ensure the stability and long term performance of the network whilst also adding protection for holders.
A total of 4% of every buy and sell transaction is redistributed into the liquidity pool monthly, this helps secure the trading pair with BNB and creates a solid price floor.
As the PADDYCOIN token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the sudden dips by ensuring enough liquidity is present, which keeps the price from fluctuating as much.
This addresses a key issue seen with the current DeFi reflection tokens.
PADDYCOIN Protocol Summary
PADDYCOIN has built a groundbreaking protocol that taxes each buy or sell transaction 10% which is then used in the following ways:
- 3% redistributed to all existing holders
- 3% burnt to reduce supply of PADDYCOIN
- 4% redistributed into the liquidity pool wallet
The protocol is designed to reward holders and provide the required network stability for hyper growth.
Burn coins with every single transaction
Distribute coins to all holders
Grow your balance with every transaction
Lock in those profits. And most importantly HOLD