🔺How does Zoro Inu work?
Zoro Inu will reward those who hold the project tokens and a penalty will be applied to those who trade tokens.
🔺Functions of Zoro Inu Static Rewards Static rewards solve a wide range of problems. Firstly, conditional rewards amount depend on attribute to the volume token traded. This mechanism aims to relieve some of the selling pressure on tokens, as previous holders sell their tokens after farming with a high APY. Secondly, this mechanism incentivises token holders to get higher support counts, depending on the percentage taken and depending on total number of tokens held by the holder.
🔺Manual burn The controlled burning of tokens and the upgrading of the achievement base will keep the community rewarded. The conditions and amount of manual burning can be tracked.
🔺Automatic Liquidity Pool (LP) The project has an operational function that brings benefits to the holders. First, the smart contract attracts tokens from both buyers and sellers, and then adds these amount of the tokens to the LP to create a solid price.
🔺Zoro Inu applies a 12% tax to both the seller and the buyer. Zoro Inu token holders will automatically receive a 5% fee on every on-chain transaction made on the Zoro ecosystem. This system is designed to reward the $ZORO community for every transaction that takes place. A 5% fee is applied to each $ZORO transaction, which will be donated to charities that support people in war-torn countries and to help grow $ZORO in the future. The remaining 2% will be burned by sending it to a dead wallet that no one can access. This feature will ensure that $ZORO remains deflationary and becomes more scarce over time. Liquidity will be locked, the development team will relinquish ownership of the $ZORO contract, and the team will have no tokens, this is community-owned tokens.
