“GenesisX50 is built on Binance Smart Chain
GenesisX50 features a revolutionary burn mechanism designed to increase the token price, improve stability, and add value to our holders. When most projects burn tokens, they are added to the burn wallet, which simply becomes another holder. Although those tokens can never be sold, they do nothing to help the project nor the investors.
GenesisX50 is Different
Our burn is truly deflationary. When we burn tokens, we don’t send them to the burn wallet… we destroy them completely! This means that our total supply is constantly decreasing. Every time someone buys or sells GenesisX50 tokens, a percentage of them are destroyed forever! You can see this happening live on BSCScan. After every transaction, our total supply decreases.
As the total supply decreases, the value of the tokens in your wallet and the stability of the project increases.
To further increase holder value, we reward you with more GenesisX50 tokens every time somebody sells. All you need to do is buy and hold. And to keep our price floor stable, we dedicate a very healthy 5% of every buy and 4% of every sell to our liquidity pool, allowing our token to survive the impact of larger sells and maintain a stable floor as the price increases.”