Tokenomics

Token Name: PayMyCryptoWallet

Ticker: PMCW

Blockchain: Binance Smart Chain (BSC)

Contract Address: 0xE093Dbd223cD1A66C4e498B2e589e486aDAD7d98

Supply

• Initial Supply: 10,000 PMCW

• Current Supply: 9,961 PMCW

Deflationary Mechanism

• Token Burning: Part of each transaction's tax is used to permanently reduce the total supply of PMCW, aiming to increase the value of each token over time.

Transaction Taxes

• Buy Tax: 6%

• Sell Tax: 9%

Note: Both buy and sell taxes are designed to decrease over time to encourage trading and liquidity while ensuring the ecosystem's long-term sustainability.

Allocation of Taxes

• Liquidity Pool (LP): A portion of the tax is directed towards improving the liquidity of PMCW, ensuring smoother trading and supporting price stability.

• Token Burn: Some of the tax is allocated to buy back and burn PMCW, reducing the total supply and potentially increasing the value of remaining tokens.

• Treasury: Funds are channeled into the treasury to support platform development, community initiatives, and further ecosystem growth. This includes:

• DOGE Rewards: A share of the tax is used to automatically distribute DOGE to PMCW holders as a reward for holding, promoting passive income without the need for manual claiming.

No Team Tokens

• Zero Team Allocation: There are no tokens allocated to the development team, ensuring all tokens are in the hands of the community from the start.

Tax Reduction Strategy

• As the ecosystem grows and matures, we plan to gradually reduce the transaction taxes on both buying and selling. This strategy aims to:

  • Encourage more trading activity.

  • Increase the token's accessibility to new users.

  • Balance between rewarding holders and maintaining an active marketplace.