5SKY
  • ✨Introduction
  • Products
    • 🌌5SKY NFT Project
      • 5SKY LTI (Core)
      • Lottery Smart Contract
    • 🪙5SKY Token Project
      • Token Specifications
      • Tokenomics Explained
      • Token Features
      • Functions Overview
  • Getting Started
    • Create a Wallet
    • Overview of the 5SKY NFT
      • Connecting MetaMask
      • Connecting Trust Wallet
  • 💻DEVELOPERS
    • Decentralization & Transparent Commitment
      • Plan Structure
      • NFTData Structure
      • TokenURI function
      • Purchase function
      • Upgrade function
  • 🎇FAQ
    • 5Sky Ecosystem
    • NFT Project
    • LTI Smart Contract
    • Lottery Smart Contract
    • Token Project
  • ☎️Contact Us
    • Customer Support
    • Social Accounts & Communities
Powered by GitBook
On this page
  1. Products
  2. 5SKY Token Project

Token Features

The token offers a blend of features like auto-burning, owner and charity fees, airdrop capabilities, and unique retention strategies, ensuring enhanced utility and value. Here's a deeper dive:

PreviousTokenomics ExplainedNextFunctions Overview

Last updated 1 year ago

  1. Automatic Burn Mechanism:

    • Functionality: Each transaction triggers an automatic token burn.

    • Parameters: The burn rate is dynamically set between a lower bound of 1% and an upper bound of 5% of the transaction amount.

    • Constraints: The burn rate bounds are hardcoded into the contract, ensuring they remain within the specified range over various intervals.

  2. Owner Fee:

    • Functionality: A certain percentage of each transaction is reserved as a fee for the contract deployer or owner.

    • Parameters: The fee rate can oscillate between 0% and 5% of the transaction amount.

    • Constraints: This fee range is immutable, being hardcoded into the contract.

  3. Charity Fee:

    • Functionality: A designated percentage of each transaction is redirected to a distinct vault.

    • Parameters: The allocation rate can vary between 0% and 5% of the transaction value.

    • Vault Address: The tokens are sent to a predefined BSC address [].

    • Constraints: The allocation rate remains within the hardcoded bounds over different timeframes.

  4. Airdrop Management:

    • Functionality: The token contract encompasses a function tailored for orchestrating airdrop distributions.

    • Access Control: Solely the contract owner possesses the authority to invoke this function.

    • Output Data:

      • Total tokens allocated in the airdrop.

      • Subset of the airdropped tokens that are locked.

      • Time duration (expressed in days) for which the tokens are locked.

  5. Token Retention Mechanism:

    • Functionality: A specific number of tokens are perpetually retained in wallets.

    • Parameters: Exactly five tokens are retained and rendered non-transferable.

    • Rationale: This mechanism, contingent on the holder count, acts as an advanced burn strategy. By effectively reducing circulating supply, it can potentially augment the token's intrinsic value.

  6. Owner Transfer Exemption:

    • Functionality: Token transfers initiated by the owner to any address, or reciprocally, are not subjected to any associated transaction fees.

    • Rationale: This provision offers flexibility for the contract owner in managing token distributions without incurring additional costs.

🪙
0xAf9...7115c