AEDART is a community-driven project which has a deflationary mechanism. To make a difference in the current DeFi world, AEDART protocol has a community token called AEDART.
Put differently, AEDART is a Basic Smart Chain (BSC) community with a token, specifically created to meet its users’ wishes. Financial independence is one desire of the AEDART community, which it satisfies through monetary benefits such as airdrops. AEDART also empowers its community through trading lessons and direct consulting access.
However, there is another social benefit in the form of group chats. Through these chats and channels, AEDART gives timely updates to its members, helping them to make the best decisions on time.
The AEDART token plays a key role in meeting the wishes of community members. As a reminder, the platform exists on the Binance Smart Chain (BSC). Here is the basic information about the token.
- Token name: AEDART
- Token Type: BEP-20
- Total supply 250 000
- The distribution of the token is:
- Community: 45%
- Team reserve: 5%
- Liquidity providers: 50%.
How EADART distributes the token to its members
The platform distributes its token to communities and participants who believe in its network and vision. Although the platform’s viability is at the center of its different activities, AEDART does not hold the usual fundraising activities such as pre-sale, private sale, public sale, and ICO to add liquidity to the token.
In the past, AEDART distributed the token through an airdrop program. Through this method, users completed simple tasks as a method of mining the token. For instance, community members carried out social tasks such as quizzes. However, only AEDART token holders participated in the airdrop.
The good news is that this token distribution process will continue until the platform has 10 000 members. As soon as the platform achieves this target, it will list the AEDART token on a centralized exchange.
But it still has a plan to distribute 45% of the existing tokens to the community through more airdrop programs, bounties, and competitions. AEDART will inform its members and followers through its website and social media platforms about such developments.
Token buyback and burn process.
To create a deflationary momentum and the associated value appreciation process, AEDART carries out periodic token buying back and burning. For example, the first buy and burn session occurred in November 2020.
In practice, AEDART buys back the token from Pancake Swap at the market price. It then sends all the purchased tokens to a burnt wallet address. This buying and burning process is transparent since all interested parties can access vital data on that.
The deflationary mechanism relies on burning the tokens, which it collects through the 5% tax levied on all transactions.
The success of the AEDART platform also depends on different partnerships it forges with strategic crypto organizations. Although currently, its major partners are CoinGecko and PancakeSwap, it is still on the lookout for more partners to strengthen its community base.
For interest’s sake, PancakeSwap is the next generation of DeFi exchange operating on the Binance Smart Chain. At the same time, CoinGecko collects and broadcasts data on various coins’ performance, including the EADART token. Therefore, CoinGecko enables partners to know the performance of the token in real-time.
The AEDART community is still growing. However, it invites interested individuals and parties to join. To get more information on its development agenda, individuals can join the following platforms.