TiraVerse Swap (TiraVerse)
Token Name: TiraVerse
Token Symbol: TiraVerse
Chain: Binance Smart Chain (BEP20)
Max Supply: Unlimited
Burn Rate: 2% of transfer tax will be burnt immediately
Transfer not more than 0.5% of total Supply
Why TiraVerse Has No Hard Cap?
There's currently no hard cap on the supply of TiraVerse, making it an inflationary token. Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future. TiraVerse primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
How TiraVerse Supply Is Reduced Without A Hard Cap?
- 1.Reducing Block Emission - By reducing the amount of TiraVerse generated per block, we slow the inflation. This has already been done once: from 0.4. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
- 2.Transfer Tax - TiraVerse now has a 0.5% transfer tax in each transfer. 2% is burned directly. This deflationary mechanism will help us to reduce the circulating supply of TiraVerse which will release sell peruse a lot.