The goal of the CETO — project - to create a decentralized, self-contained, revenue-generating digital token that grows stronger the longer you hold it.
Contents:
Description of the CETO project
The basic contract structure of the Crystal Elephant Token (CETO) comes from a clone of the well-proven open source P3D contract. Tokenholder recommends holding the tokens for 30 days + or subject to a sliding scale of early withdrawal penalties.
Exchange Tron (TRX) for tokens that grow or fall algorithmically with every sale. 10% of the deposited, withdrawn or transferred funds from each transaction are taxed and proportionally distributed among all token holders as dividends. Penalties of 75% will be charged to those, who withdraw money earlier.
Features of the project:
| Firstly | Early adopters / users enter early and withdraw their funds later at the same time, thus compromising their life cycle. The design offers strength through consistency. |
| Secondly | Exchange TRX for CETOs, which rise and fall in TRX value with every purchase or sale of tokens. |
| Thirdly | Each transaction is taxed at a rate of 10%, the proceeds of which are distributed to other holders of the CETO token as dividends. |
Your TRX to CETO exchange is incentivized to be delivered to the smart contract platform within 30 days, collecting dividends. You can withdraw the dividends at any time. As in the case of the P3D contract, you can withdraw the dividends free of charge and without commission. However, if the token holder wants to increase its principal to receive a larger share of the dividend, it can reinvest its dividend in the contract, thus establishing another 30-day incentive to keep the dividend amount in the contract.
Additional information
The site has a WhitePaper document. With its help, you can find out about the project in more detail. Also, there is a "Tutorial" section.
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The smart contract audit is on the GitHub site.