Xiglute Coin (XGC) is a utility token that aims to cater to the Xiglute community, a social network designed for everyone. It operates on the Ethereum blockchain as an ERC20 token. The token utilizes various mechanisms to benefit its holders, including automatic liquidity provision and static rewards. These features contribute to the token’s price stability and provide passive income for holders as they watch their balance of Xiglute Coin grow indefinitely.
The token employs a 4% transaction fee on every trade, with 2% redistributed to existing holders and 2% added to the liquidity pool, which is also burned. This strategy helps prevent downward sell pressure and encourages long-term holding by providing higher kick-backs to token owners based on their total holdings. Additionally, Xiglute Coin implements controlled burns that are advertised and tracked, adding transparency and rewarding community engagement.
One of the key features of Xiglute Coin is its automatic liquidity pool (LP), which acts as a two-fold benefit for holders. It creates a solid price floor by absorbing tokens from both sellers and buyers, while also acting as an arbitrage-resistant mechanism that rewards holders with a stable volume of XGC. As the LP grows, it enhances price stability and mitigates large dips when large token holders sell. The token’s development team prioritizes safety and has implemented a step-by-step plan to ensure 100% safety for users.
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