I want to build a decentralized token on Binance smart chain that can only go up in value and never come down.

//Project was inspired by Shifutoken//

The name of the token will be TrueUSD (TUSD)

Anyone interested in the project is free to hop in.

How it will work.

Each Transaction Triggers A Fee That Raises The Price Of TUSD Relative To BNB. That Means Buys, Transfers, And Sells Raise The Price of TUSD.

So whether people buy or sell or transfer TUSD, the value of TUSD will keep increasing for every transaction.

1. When you Buy

There Is 6% Tax On Buying. When Users Buy, New Tokens Are Minted Into The Total Supply. So The Total Supply Of Tokens Increases And You Receive X_TUSD- (X_TUSD * .06) Tokens.

The Full Amount Of BNB That You Buy With, Goes To The Pool. So In This Scenario, If The BNB Pool And TUSD Pool Were Both Equal Before This Transaction, The Ratio Would Then Shift In Favor Of The BNB After This Transaction.

2. When you sell.

There Is 6% Tax On Selling. When You Sell, The Tokens You Sold Are Then Burned And Completely Removed From The Total Supply.

So The Total Supply Of TUSD Decreases, And You Receive X_BNB - (X_BNB * .06)

So After A Sell, The Ratio Shifts Even more In Favor Of The BNB In The Pool, As More BNB Is Left And The Token Supply Decreases, Thereby Increasing The Price Of TUSD.

With Ownership Fully Renounced, No Liquidity,
no exchange, And no need For DApps, There Is No Possibility Of A Rug Pull Or Whale Dominance.

It will be completely decentralized.

The price of TUSD can never come down (except on occasions when BNB value comes down).

Whose with me?

I used remix to create a token and deployed it on pancake swap. Gas fee

Youll need a website for admin users and for the token ico or ido or ieo

Binance smart chain, is caster, deploy it on Solana Blockchain, if you want to see the value of it grow

IMO01:
Youll need a website for admin users and for the token ico or ido or ieo

Yes, we will need a website for the token sell and buy feature but there won't be an ICO or IDO or listing on any exchange.

That's one cool feature of this.

No exchange. The token can be bought and sold within the website

Botking:
Binance smart chain, is caster, deploy it on Solana Blockchain, if you want to see the value of it grow

Solana is faster but Binance has been around for a while plus it's a billion dollar company.

There's a lot of support if we use Binance smart chain. Solana is still relatively new and need to stand the test of time

Fellow devs, do you think it advisable we port the project to solana?

Melanin07:


Solana is faster but Binance has been around for a while plus it's a billion dollar company.

There's a lot of support if we use Binance smart chain. Solana is still relatively new and need to stand the test of time

BSC is full of shitcoin, there's a very low chance for your token to be adopted, Solana is relatively new, and it still growing building your smart contract there will give you a Bost

Botking:


BSC is full of shitcoin, there's a very low chance for your token to be adopted, Solana is relatively new, and it still growing building your smart contract there will give you a Bost

Thanks for the tip

Melanin07:


Thanks for the tip

Please would like to know what's your view about the project?

Melanin07:
Fellow devs, do you think it advisable we port the project to solana?

Bost[/quote]
The only thing this two have on the Ethereum network is lower fees which will change as eth2.0 is well on its way. This two are centralized and as people get 'crypto smarter' they avoid them. Like Solana went down for several hours sometime back. Even if you deploy on the ethereum network you can still redeploy on BSC... So I say we use ethereum, inorder to build trust cos this is something the people haven't seen before.