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Author Topic: A great way to earn tokens and increase your income.  (Read 277 times)

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A great way to earn tokens and increase your income.
« on: February 28, 2021, 11:09:41 PM »
I think this is a great way to earn tokens and increase your income. Boopsy is a smart contract that gives BOOP holders more BOOP until there are no more BOOPs given.

Holder rewarding token
Boopsy  was an idea dreamt up in the summer of 2020 while marveling at the success of projects like Ampleforth (AMPL) — the most prominent elastic supply token that aims to achieve a stable price by periodically readjusting the entire AMPL supply — a process called rebasing.

Here’s how it works:
When the price of AMPL increases above $1, all AMPL holders receive more AMPL (but their share of the total pie does not change).

This causes the price of each AMPL to go down since the total supply just got inflated. (In fact, the Ampleforth smart contract automatically notifies decentralized exchange liquidity pools to reflect the new ratio).

When the price of AMPL decreases below $1, the reverse happens. All holders lose a portion of their AMPL holdings, causing the price to increase back towards $1. The overall value of their holdings does not change.

While this is a seemingly very sensible approach for building a stablecoin, what we observed is that the AMPL price fluctuated with great volatility in the summer of 2020, and the market cap fluctuated to an even greater extent (because holders were being rewarded with additional AMPL in addition to an increasing AMPL price).

Over the course of about a month, the Ampleforth market cap grew from around $6m to over $600m (~10,000%), then dropped back to about $70m (~87%) in the coming months.

The project is complete and the Boopsy smart contract has been deployed as of February 19, 2021.

Boopsy will be launched on Uniswap on Sunday February 21, 2021 at approximately 21:21 UTC (1:21 PM PST / 2:21 PM MST / 4:21 PM EST).

1m of the total 5m initial BOOP tokens will be allocated to the Boopsy team for development and liquidity costs.

The remaining 4m BOOP will be added to the Uniswap ETH/BOOP trading pair in tranches over time.

The initial liquidity will be approximately $100k USD (in ETH) to 1m BOOP, giving approximately $0.10 per BOOP. This gives a fully diluted market cap of $500k.

The Basics
   All balances can go up daily, cannot go down
   If the number of holders has increased in the past day , new tokens are awarded to all holders.
   If the number of holders has decreased , no reward is given , but no token taken away.
   Instead,the future reward rate increases.

When # of holders increase

1000 boops increased up to  1050 boops  all holders balance increased
5% (max daily reward) decreased upto 4% and the following reward rate reduced by 1%
1050 boops is not changed   , holders balance not change.
1%(min daily reward) increased up to   2%  and following reward rate is increased

Don't miss the chance to increase your income in a hurry

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Here is the token


Uniswap info: