Static rewards solve a bunch of problems. First, the reward amount is conditional upon the volume of the token being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens. Second, the reflect mechanism encourages holders to hang onto their tokens to garner higher kick-backs which are based upon a percentages carried out and dependent upon the total tokens held by the owner.
CroLick employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 14% fee, which is split 3 ways.
- 9% fee = redistributed to all existing holders
- 3% fee is split 50/50 half of which is sold by the contract into USDT, while the other half of the CroLick are paired automatically with $CRO and added as a liquidity pair on MM Finance
- 2% fee added to marketing wallet which will be used to imitate buybacks + expand project
CroLick was created to incentive investors in long-term holding, especially during a bear market. You are still holding your $CRO + accumulating $USDT on the side, as well as development milestones will be achieved every quarter. You can sit on the USDT as the markets do their thing, or keep Dollar Cost Averaging into your favorite coins such as $CRO or even $CROL
Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked. CroLick aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term.