CHERRYPYE is a deflationary token with a hardcap max supply of one-hundred thousand (100,000) tokens.
CHERRYPYE has a total Buy Tax of 0%
The total Sell Tax of 12% is broken down as follows:
- 10% BuyBack & Burn
- 2% Development Team for development expenses of building platforms and marketing campaigns.
CHERRYPYE token has 0% Transfer Tax
This allows for proactive, strategic mitigation of possible costs to the project as it develops. As we achieve initiatives on our roadmap, the project will be able to process burns, and holders will be the benefactors as they will see their percentage of CHERRYPYE go up automatically. All burns are transparent and are available for all to see, and we will announce our strategy as we continue to develop at each phase of CHERRYPYE.
To stimulate the price of CHERRYPYE, it buys CHERRY Tokens on the market with BNB or ETH collected from transaction fees and then burns them. This function is automated via smart contract which means developers do not have access to the funds inside of the Buy Back.
10% of CHERRYPYE's tax is collected from each sell transaction. When the contract collects a certain amount of BNB or ETH, it buys CHERRYPYE Tokens on the market and then burns them.
If you see repeated transactions coming from the Sells — this is work of Auto Buyback.
CHERRY is memorialized because it will not mint anymore inside the Circle of PYE, but the trading market will continue. CHERRYPYE is the future of the PYE Chain; those who hold CHERRYPYE until the chain is released will be allocated PYE Chain Tokens.