Gangnam Token is a deflationary DeFi token that takes a 9% tax from each buy and sell. This tax acts to benefit the project as a whole by putting 3% in the liquidity pool for a stable price floor, 3% proportionally reflected back to all holders of a Gangnam token and 3% added to a marketing/dev wallet to make sure that the project is able to succeed in the long term. Another large purpose of the tax is to decentivise large token holders from buying and selling quickly and damaging the price. This almost always effects the small token holders and we want a fair coin for all.
Private Sell and Launch
Our main focus of a private sell and launch is to create a level playing field for all involved. Our private sell will hosted on our Website.
We purposefully did not hold extra large dev token wallets that could easily manipulate the price or rug pull, so people can have confidence in the project going forward.
Liquidity Pool Algorithm
Part of the core logic of the Gangnam Token contact is an automatic liquidity pool algorithm. 3% of each buy and sell is accumulated and then added to the PancakeSwap liquidity pool. One of the core aims is to reduce the price impact when larger wallets decide to sell their tokens at any point in time.
Having this algorithm in place, in theory, helps reduce the large price fluctuations that can be seen in other tokens. In short, the tokens and BNB added to the liquidity pool creates stability and an increased price floor.
Due to the nature of 3% of each transaction being passed on to Gangnam Token holders this has the side effect of causing the token to be deflationary.
A benefit to Gangnam Token holders is that lowering the circulating supply, when demand is high enough, can increase a price of the token over time. Deflation of the circulating supply happens at a safe rate and in short promotes growth.
As you can see here below, we attach great importance to the Rewards Wallet, indeed this will be used to reward during the first months to all the Ambassadors and the affiliates who will invest a minimum of 0.25 BNB in GANGNAM token. Your Ambassador will offer you a Rewards code as a bonus, and each of them will receive a bonus of 10% of the transaction directly into their wallet. If you want a Rewards code nothing could be simpler join us on telegram and get in touch with an Ambassador.