ESP Tokenomic

ESPcoin
1 min readJul 17, 2021

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Let’s talk about one of the main issues — our project’s economics. It is our economics that will drive our token price upwards in the future. Thankfully, we have everything thought through!

Initial Minted Supply: 500 billion ERC-20 tokens
Max Total Supply after Burning: 50 billion tokens
Seed Purchasers: Maximum of 12.5% of token supply (Restricted)
Seed Purchasers Hold: 90 day hold with incremental releases controlled by smart contract

What else will help drive the price upwards? We are implementing something we call the transaction tax. 1% of each transfer, evenly split between token burn and random allocation to token holders. Transaction tax is enforced in the Token Smart Contract and verifiable directly on the blockchain.

Buy back program. 90% of interest generated by the various platforms will be used to purchase back and burn tokens from the public circulation. Reducing the total supply and increasing the intrinsic value of each Token.

https://espcoin.io

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ESPcoin
ESPcoin

Written by ESPcoin

The ESP ecosystem comprises of a ERC-20 token used in both open Decentralized apps and closed vertically oriented systems.

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