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Buttpay (BPAY) is a unique meme coin operating on the Solana blockchain, which is designed to reward its holders with a novel mechanism. By holding a minimum of 30,000 BPAY tokens, participants can automatically receive rewards in the form of $Butthole tokens. The system operates on a straightforward premise: as users buy and sell BPAY, a 10% transaction tax is executed, facilitating the purchase of $Butthole, which is subsequently redistributed to eligible holders every five minutes.
The tokenomics of Buttpay feature a deflationary model that aims to increase scarcity and potential value over time. Each transaction incurs a 10% tax, where 5% is used for purchasing $Butthole and the other 5% is permanently burned, reducing the total supply of BPAY tokens. This mechanism encourages long-term holding among users while fostering community engagement and ensuring that the ecosystem remains vibrant and rewarding for participants.
With no specific roadmap, Buttpay emphasizes organic growth rooted in community participation. The more active the trading of BPAY, the greater the rewards for holders, promoting a cycle of buying and holding. Additionally, a share of the transaction tax is utilized to support development initiatives and liquidity enhancements, further supporting the community and sustaining the project. Buttpay offers a playful yet potentially rewarding approach to cryptocurrency engagement within the Solana network.
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