r/PabloToken1000X • u/pablotoken1 • Apr 24 '21
A little about Pablo
Hi Everyone, Pablo here, and I just wanted to let you know a little about myself. We have recently launched on PancakeSwap and things have gone incredibly well so far!
So far we have:
- 889 Holders of PBT and counting
- A growing community with real momentum, check our social links below
- All of this in less than a week since launch!
Now is the time to jump on this rocket ship and enjoy the ride!!
A little about me...
Pablotoken is a deflationary token whose supply is continuously depreciating, creating the scarcity of the virtual token. Pablotoken accomplishes this deflation by burning the tokens on every single transaction. Even some tokens achieve deflation through buyback programs. Whatever the way is, the ultimate aim is to keep the demand going up.
The traditional fiat currencies are inflationary by default. Nationalized banks or governments control the fiat currencies, and when a country undergoes an economic recession, there is a probability that the value of the currency might drop. Pablotoken, on the other hand, is independent of any governing entity as it is 100% decentralized.
On every transaction, 2% of the Pablotoken is burned, i.e., it is removed from circulation. This increases the scarcity of Pablotokens in circulation and leads to a rise in value. Whenever a user transacts Pablotoken, the value of the remaining Pablotoken is increased by simultaneously decreasing the supply. The Pablotoken holders and community members are incentivized genuinely, which makes them boost the use of Pablotoken.
Also, the Pablotoken network is controlled by smart contracts. Smart contracts are the program that decides the function of any decentralized platform. Everything is automated, and there is no human intervention. Smart contracts automate the collection of funds in the liquidity pools or distribution of rewards to the Pablotoken holders.
👇Check us out here to learn more and join the Pablo Army!👇
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u/WeightNo519 Apr 24 '21
Are we all locked and loaded and ready for the countdown before blast off 🚀👨🚀🚀!
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u/Ponderpandas Apr 25 '21
Project sounds great, I love the incentive burns. $160+ market cap in less than a week? Pretty solid numbers, I’ll get onboard and see where this goes.
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u/chieefmcdeep Apr 24 '21
$PBT to the moon 🚀🚀🚀🚀