SafeMoon is not alone! Our deflationary token development11 Mar 2022
Most people, involved in the blockchain world, know about deflationary tokens because of the SafeMoon Fever.
However, there’re more such tokens on the market that people buy and use. Here at Rock’n’Block we also develop deflationary tokens and this article is going to tell you about our latest project — Shibtropolis.
What the deflationary token is and how does it work?
It is simply a token with some embedded tools. Usually, deflationary tokens burn themselves and split to be shared among holders and creators. This allows them to become a passive income for those who hold it and support their own development. Also, a community plays a great role in their growth because people’s belief is the most powerful engine they have.
Why is SafeMoon so popular?
SafeMoon has been on the radar for about a year. During this time, he managed to gain popularity and a market cap of over $290m. It was born on the basis of a meme and its characteristics were liked by the users. But nowadays other tokens fill the blockchain space too.
The authors of the project describe it as “an innovative ecosystem to enhance the metaverse's benefits”. The token Shibtro is supposed to be a link for the whole ecosystem, which combines services that provide skills development, P2E games, own wallet and own swap, and lots of other opportunities. Our team was involved in the project as a contractor, so now we can share some experience we acquired here.
Smart contract development
Rock’n’Block developed the smart contract for the SHIBTRO token. It’s based on Ethereum blockchain and complies with the standard ERC-20. It has 12 decimals and a total supply of 1 quadrillion pieces. As with other deflationary tokens, Shibtro implies a commission when making a transaction. This amount of funds are distributed this way: 2% go to holders proportionally, 2% is burned, 3% goes to project marketing, and 3% is saved in the liquidity pool.
Our team finished the project in 3 days except for communication with the customer. This is possible because we provide a ready-made solution for deflationary tokens, which not only gives you a quick result but also guarantees you security and confidence.
Eventually, deflationary token development offers you an opportunity to launch your own token and set your own rules of how it will exist on the market. We, as developers, are ready to create you one. Order your custom deflationary token development today, leave a request on our website!
Rock’n’Block’s team can help you with:
⚡️NFT and NFT Marketplaces development;
⚡️NFT 10K generator;
⚡️Any other custom request from a crypto wallet development to custom blockchain development.
If you’re interested in building your blockchain project, feel free to contact our team via the Telegram channel or book a call via Calendly.
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