Comet — a standalone exchange powered by the Binance Smart Chain platform. It eliminates trusted intermediaries and unnecessary forms of rent seeking, enabling fast and efficient trading. It is a handy tool for exchanging BNB and COMET tokens, which allows COMET holders to earn automatic dividends in BNB, instantly generated upon exchange.
Contents:
Brief description of the project
COMET tokens are created to generate BNB dividends every time any other exchange participant buys, sells or transfers tokens. The project Protocol pays out to holders of tokens a 20% dividend of the total trading volume.
Comet eliminates trusted intermediaries and unnecessary forms of rent seeking, enabling fast and efficient trading. Where it compromises, decentralization, censorship resistance and security are the priorities.
Some features:
| 1 | CОMET holders will receive commission for trading in BNB. After purchasing COMET tokens, the smart contract recognizes your holdings and generates dividends in BNB automatically. |
| 2 | There is also no period of restriction on your ability to sell, transfer or do anything else under the protocol. You can always exit your position whenever you want, in full. |
| 3 | There is also no period of restriction on your ability to sell, transfer or do anything else under the protocol. You can always exit your position whenever you want, in full. |
Unlike many other cryptocurrencies, in the protocol, the COMET token price is controlled by an incorruptible algorithm in the smart contract code. This part of the code increases the price of the token when buying them and lowers the price when selling. When a token is purchased, they are minted by contract and added to the total offer. The BNB, collected on the sale, is held safely in the contract. In conclusion, the token does not have a set minimum or maximum amount. Developers and administrators don’t own or control the project token. Everyone rightly owns part of the tokens through direct exchange with the project protocol.
Additional platform information
An introductory document WhitePaper is available on the site. With its help, you can study the features of the project in more detail. Also, there is a separate section, describing COMET.
From social networks, the community leads:
- twitter;
- telegram;
- blog.
The site interface runs in English and Chinese.