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BEETroot Privacy Hub offers a comprehensive suite of cryptocurrency tools and decentralized applications (dapps) that prioritize anonymity and self-custody. These tools enable seamless swapping across different blockchain networks, bridging various chains, and facilitating fiat conversions.
In today's crypto landscape, BEETroot helps users return to the fundamental principles of cryptocurrency, ensuring that they engage with crypto the right way - as originally intended. With BEETroot, you can stay anonymous, maintain privacy, and retain control over your digital assets.
BEET is an immutable and deflationary reflection token built on the PulseChain network. The fees generated from the BEETroot suite of tools are utilized to buy and burn BEET tokens, creating a continuous and increasing buy pressure while reducing the token supply.
Key features of BEET: - Published and verified contract - Liquidity locked with Team Finance - Ownership renounced - No Admin Keys - More details available at https://www.beetroot.world/beet
Black Hole: A significant portion of the initial token supply (1.8 billion) was sent to the official burn address, creating a massive black hole. This black hole acts as a mechanism to attract reflections and absorb the token supply disproportionately. Think of it as an eternally and provably locked friendly OA (Own Account) in reverse - reaping the benefits without the associated risks.
The black hole will continue to grow and accelerate deflation, benefiting from reflections and larger buy and burn events as the exchange grows.
This unique design allows for a minimal transaction tax of only 2% to have a substantial impact on deflation, especially when combined with the ongoing buy and burn activities.
Rewards: BEET holders are automatically rewarded through reflections from the 2% transaction tax. Simply by holding BEET in your wallet, your balance will increase in real-time from all global BEET trades on the decentralized exchange (dex), while the total supply continues to deflate.
Buy and Burn: Fees collected from exchanges and swaps are used to randomly buy back and burn BEET tokens, preventing any manipulation of buy pumps. This process creates a continuous and increasing long-term buy pressure driven by the protocol itself. It establishes a self-feeding cycle that triggers additional buying from the wider market, simultaneously reducing the token supply through burning.
Deflationary: Additionally, the black hole plays a crucial role in sucking up a significant portion of both the reflections and the buy back and burn activities. As a result, deflation perpetually grows and accelerates.
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