MyTTI token is unique, we designed it to be a simple, transactional, and a completely accessible token to everyone. For this reason, we did a lot of analysis and research to design the token economies of MyTTI token and to reduce the barrier to entry and increase the adoptability of the project and native token by the masses.
The initial supply:
MyTTI tokens is 2,000,000,000,000,000,000. 50% percent of initial token supply will be burnt at MYTTI TOKEN launch.
Percentage Redistribution:
Allocate 2% of every transaction (buy or sell) for redistribution to all token holders, encouraging long-term holding and participation.
Deflationary Mechanism:
50% initial deflation at token launch, reducing the total supply to promote scarcity.
A 2% burn on every transaction (buy or sell), further decreasing the total supply and incentivizing holding.
Token halving or Split function:
Since MyTTI Token is designed to be a simple transactional and globally accessible token, it's not a value holder like Bitcoin. We designed MyTTI TOKEN to fulfill these visions by integrating a market price controlled split or halving function in the smart contract code.
Equation for the token split function with the given condition:
If price > $1.25 for over 90 days: new_price = $0.55
new_tokens = 2
else:
new_price = price
new_tokens =1
This equation is implemented in our smart contract code as a function:
def token_split(price, days):
if price > 1.25 and days > 90:
new_price = 0.55
New_token
else:
new_price = price
new_tokens = 1
return new_price, new_tokens
This function will be called by passing the current price of MYTTI token and the number of days it has been priced above $1.25. The function will return the new price and the new number of tokens after the split.
Utility and Governance:
Token holders can participate in governance decisions, ensuring a decentralized approach to decision-making.
The token serves utility within the platform, providing access to features, voting rights, or other benefits.
Team Token Vesting Periods:
Implement vesting periods for team and advisor tokens to align incentives with the project's long-term success.
Liquidity Pools:
Allocate a portion of the total supply to liquidity pools to enhance market stability and facilitate trading.
Li
quidity pool locked: visible on Etherscan coming soon.
Team token Vesting Locked:
v
isible on
Anti-Whale feature:
*Implement a 1% cap on the quantity of tokens a wallet can hold, discouraging concentration of tokens in a single wallet and promoting distribution.
*Apply a 25% tax on the sale of 100% of tokens held in a wallet within the first 12 months of the token launch date, discouraging early large-scale selling and promoting a more stable market.
Cross-chain tokens:
Binance, Polygon, Arbitrum, Avalanche, Fantom.
Token Allocation:
50%: Token Launch.
5% : To Liquidity pool and staking
15%: Reserve for platform development, Airdrops and future growth.
20%: Team and advisors (1 year lock, vested over 3 years).
5%: Marketing, Acquisitions, licenses and partnerships.
5%: Bounty and community rewards.
Myttitoken.io website has a direct link to Uniswap, click on the yellow "Buy on Uniswap button"enter the contract address, click on import and MyTTI TOKEN will be added. You will need Ethereum to pay for your MyTTI TOKEN and gas fees.
Connect any Ethereum wallet to Uniswap, enter MyTTI TOKEN custom contract address then Token name (MYTTI TOKEN) and the number of decimals (18).