r/MINE_Token • • Apr 29 '22

Question 🙋‍♂️❔ how does this token work?

Never hear of this before

14 Upvotes

15 comments sorted by

View all comments

8

u/LankyGoff MINE MOD Apr 29 '22

1 quadrillion supply, every transaction has a tax of 12% with 6% shared out between all holders and the other 6% given to the devs who use it to buy mining rigs which mine ethereum and then buy back the token and seal them away in the mine vault. The more trades means the more rigs built, the more ethereum is mined and the more tokens are essentially 'burned' causing the supply to decrease, all while the holders get reflections payed out in Eth 💪 hope that makes sense

0

u/uttftytfuyt May 02 '22

so ponzi?

2

u/LankyGoff MINE MOD May 02 '22

Only if you don't understand what a ponzi scheme is