$hares tokens have innovative features built into the smart contract, but features are also tied to the other aspects of the ecosystem. As the ecosystem grows, the token will receive further utility and protection.
Your token is your proof of equity in our project. However, some are more concerned with the health of the project more than others. This is why the token age system have been made to ensure that those who hold our tokens longer are rewarded appropriately.
*Future iteration of the token's contract will add more benefits to long-term holders.
*The age of a token resets to zero if that token is sold or transferred out of a wallet. That token will then restart the aging process upon entering a new wallet.
Level 1 - Landing Lottery
Level 2 - Minor Rewards
Level 3 - Major Rewards
One entry is sent to the Daily Lottery for each token that enters a wallet and begins the aging process on the date of purchase.
Every day, 10 lucky winners share in a daily lottery jackpot that is contributed to by taxable transactions that occur within the preceding 24 hours. Winners are automatically selected by the smart contract from a list of eligible wallets. Any wallet that purchased $hares within the preceding 24 hours receives one eligible entry per $hares token transacted.
Once unlocked at Day 30, the Minor Rewards will allow the token holder to receive weekly BUSD airdrops! The token holder will receive BUSD rewards for simply holding these tokens.
The amount of BUSD you'll receive will depend on the number of tokens that you have that are aged more than 30 days old, the total trading volume within that week, and lastly, from the net profit of the entire protocol.
To reward our loyal shareholders, the long term HODLERs will receive the following benefit:
Once unlocked at Day 180, the holders will receive more rewards.
The amount of BUSD you'll receive will depend on the number of tokens that you have that are aged more than 180 days old, the total trading volume within that week, and lastly, from the net profit of the entire protocol.
During the protocol's 1st to 179th day, the rewards will be accumulated.
An investor may very likely hold tokens of varying levels. Older tokens will be more valuable to the owner due to the higher rate of BUSD rewards they draw into their wallet. When the owner places a sales transaction, the smart contract will prioritize the tokens with the lowest age to be sold first. This way, should only a portion of an investor's $hares tokens be sold, the most valuable tokens will remain while younger and less valuable $hares tokens are sold.
A standard system has been installed into the smart contract to discourage whales. Sales transactions for amounts greater than 0.2% of the total circulating supply will be rejected by the contract. A holder may also only sell twice a day. This ensures that whale selling pressure will be distributed over a longer duration of period. This will allow new entrants to scoop up the lower-priced tokens while preventing panic bank runs.
Healthy liquidity pools are essential to creating a stable automatic market maker and reducing price volatility. Our goal is therefore to be able to grow our liquidity to a good size (10%) as compared to our market capitalization. This will ensure that we can minimize the price impact of individual transactions as well as keep the protocol healthy.
A percentage of all transactions will also contribute to the Treasury which will be the main source of capital for investments, ventures, and expenditures. This will also pay for the salaries and commissions of community members who are directly involved with the project.