BasketCoin: A Meticulously Crafted Deflationary Token

BasketCoin is a deflationary token that is backed by a basket of several cryptocurrencies. It offers the possibility of staking and is utilized in trusted Staking & DeFi platforms. The token has a unique buy-back and burn process.

Key Features of BasketCoin:

• Deflationary nature
• Collateralized value
• Repurchase and burning of BSKT tokens

Transaction Fees:

A fee of 2.5% is charged on each transaction. 1% of the fee is burned, 1% goes to the staking/reward redistribution pool, and 0.5% is allocated for future liquidity pool addition.

Token Security:

The BSKT token is secured with a basket of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and others. This diversified basket ensures stability and reduces the impact of market fluctuations.

Additional Profits:

Most of the cryptocurrencies in the BSKT basket are used to generate profits on platforms like Crypto.com, YF-DAI, Swissborg, and other DeFi platforms. These profits contribute to the buy-back and burn process, reducing the token supply on the secondary market.

Allocation of Profits:

45% of the profits are used for Buyback&Burn, 45% are used for BTC purchases, and the remaining 10% is allocated to the team.