StarShip is an altcoin on the Binance Smart Chain created as a response to the ever-so-common “rug pull” tactic plaguing today’s cryptocurrency markets. Launched April 30th 2021, StarShip quickly ascended from a $15,000 USD market capitalization to a $300,000 USD market capitalization within its first hours of trading. Taking cue from the immensely popular SafeMoon token, StarShip’s tokenomics call for all transactions (buying or selling) to incur a 10% fee. Half of this transaction fee is redistributed to holders, rewarding those who refuse to sell and allowing them to enjoy profit despite potential dips in the market. The other half of the fee is sent to the locked liquidity wallet, in turn raising the price floor.
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