$upBNB is the first BSC token in the upOnly ecosystem, from the developers of ROOTKIT and iFUND on ETH!
(Credits to Ben in our community for the writeup below)
This token has revolutionary tokenomics, blowing away the deflationary tokens of the past. There are 2 main mechanisms that combine to make UpBNB go up over time.
upBNB uses strategic token buybacks to create upward momentum. Buybacks are funded using a new protocol, called ERC-31337, that lets the team re-use locked liquidity to make token purchases via the vault.
Learn more about ERC-31337: https://rootkitfinance.medium.com/the-power-of-a-price-floor-86fa74b59bd1
Additional funds from taxes on sales add to the buyback Vault, supercharging buyback power. Buybacks can happen at any time, whenever they are most needed and least expected. They happen again and again, and again – serving the best interests of holders.
2: Price Floor.
The ERC-31337 protocol also creates a price floor. Tokens from buybacks are burned, decreasing supply. Over 5% of original tokens have been burned in less than a week. As these tokens are destroyed, the locked liquidity pool stays the same size, creating a floor price that the token can’t fall below. That means that unlike many tokens, $upBNB always retains value based on the base token (in this base BNB) and can’t never go to zero. If you acquired tokens at the price floor, you literally CAN NOT LOSE. Liquidity below the price floor is recycled into MORE BUYBACKS, accelerating upward momentum.
The most exciting part is that the dev team has a plan to construct an entire upToken ecosystem, with ROOT as the governance token and upBNB as the hub token of future BSC upTokens.
Learn more about the ecosystem: https://rootkitfinance.medium.com/developing-the-uponly-ecosystem-4a538f121b8c
upBNB is designed for holders who believe in the value of the upEcosystem. The same technology on Eth, in the ROOT token, did over 25x and is climbing back to ALL TIME HIGHS 6 months later.
upBNB can be acquired on PancakeSwap V2, with 0.5%-1% slippage to buy. Sell slippage resets to 15% when a buyback occurs to prevent dumping, then gradually falls to around 7% over the course of 5 days.
Join us and be apart of the most elite of DEGENS on BSC