Cash Token
Last updated
Last updated
The $Cash token is fundamental to the GalaxyCash protocol, recognized for its exceptional value storage capabilities.
The $Cash token, designed as a value storage token within the GalaxyCash network and built on the Fraxtal platform following the ERC-20 standard, encapsulates value through equitable distribution methods, automated liquidity rebalancing, and offers lifelong frictionless passive earnings. The $Cash token stands as a key pillar of the GalaxyCash protocol due to its value storage properties.
Name: GalaxyCash Token
Ticker: $Cash
Chain: Fraxtal
Max Supply: 10B(10,000,000,000) $Cash
Contract: [Fraxtal Contract Address]
The $Cash token maintains a fixed total supply of 10 Billion tokens, with no further minting anticipated. We've implemented an innovative auto-rebalancing smart contract known as the "Blackhole," which holds 50% of the total supply and passively enhances the protocol's liquidity with each rebalance.
Allocation | Percentage | Numbers |
---|---|---|
$Cash will have a primary liquidity pool on Fraxwap, Cash/gFrax, which will be fully owned and locked by the protocol. Locked liquidity means that the staked liquidity on a decentralized exchange (DEX) is irrevocable, neither by the protocol nor by any external entity.
Transactions involving $Cash tokens (buying, selling, transferring) will incur a 10% fee.
Passive Rewards for Holders
Holders of $Cash tokens will benefit from non-inflationary passive rewards simply by keeping the tokens in their wallets. Each transaction type (buy, sell, transfer) will attract a 10% fee, of which 5% is redistributed to all token holders, and the remaining 5% is allocated for liquidity replenishment.
Blackhole
50%
5,000,000,000
GalaxyDAO Treasury
22%
2,200,000,000
IDO
12%
1,200,000,000
Initial Liquidity(POL)
6%
600,000,000
Airdrop
2%
200,000,000
Team
8%
800,000,000