Welcome to Pacific Protocol
· WHAT IS PACIFIC PROTOCOL?
Pacific Protocol uses innovative smart contract to create instant frictionless yield for token holders AND also constantly increases price floor with automated buy backs every 15 minutes.
This is accomplished by taking a 15% “tax” from each transaction. 7.5% goes instantly to holders and 7.5% goes to a “buy-back” mechanism. This will create an ecosystem of constant rewards to holders.
· HOW DO THESE FUNCTIONS WORK?
(1) Instant Frictionless Yield
Essentially just by holding your balance will automatically increase as long as there are transactions happening. This is done without using any gas and without having to deposit your tokens or eth anywhere!
(2) Ever Rising Price Floor
The second function is a “buy back mechanism”. This will take the tax and store it via smart contract for intervaled 15 minute buy back. This is constantly helping the price floor move up and adding more value to tokens. The tokens used to buy back are burned as well, constantly decreasing supply and creating scarcity.
· TOKENOMICS
Total Supply: 1,100,000 $PCF
Presale Details:
Total Presale Allocation: 600,000 $PCF
Presale Price: 5,000 $PCF/ETH
Listing Price: 5,000 $PCF/ETH
Hardcap: 120 ETH
Softcap: 60 ETH
Development Fund: 30 ETH
Marketing Fund: 50,000 $PCF
Initial LP Pool Details:
450,000 $PCF for Initial Pool
90 ETH initial Liquidity
· TRUE DECENTRALIZATION
There is no team or central party that awards fees with Pacific Protocol. There is no interface needed to claim the fees. No action needs to be taken on the part of the holder other than to hold $PCF in a wallet they control. With $PCF, there are no vaults that could be hacked and drained or treasury funds that could be mis-managed. There is only the free market.
