UNIQUE Deflationary LAVA token functions on BSC
Lavaswap is starting to heat things up!! And one of the first things on the list is a BRAND-NEW deflationary token contract for the LAVA token on BSC. This is a unique functionality that is connected directly to the BSC smart contract address of the LAVA token on BSC and creates a forced deflationary token model. With every transfer of LAVA (BSC), users will be forced to burn some of the LAVA transferred, and ALSO be forced to distribute some value to iLAVA holders on BSC!
😈 🔥 🚀 LAVA to the MOOOON!!!
With the new deflationary functions attached to the new LAVA token on BSC, the available LAVA on the market will slowly be taken away!
What does this mean for the LAVA (BSC) token?
- 100 000 000 LAVA will be minted on BSC
- 84 092 803.06 LAVA will be burnt on BSC
- 15 907 196.94 LAVA will remain on BSC
- 1 000 000 LAVA will be locked for strategic investors
BSC LAVA supply = HECO LAVA supply = 15 907 196.94
The LAVA (BSC) tokens minted on the BSC will follow the EXACT same burning mechanics performed for LAVA (HECO).
The only way that you can get the LAVA(BSC) is via swapping. Initially, users can utilize the Lavaswap cross-chain bridge as it will support the swap and is always a 1:1 swap for LAVA (HECO) to LAVA(BSC).
This means that the total LAVA will never exceed 15 907 196.94, regardless of the chain being used!
🌟 Unique DEFLATIONARY BSC LAVA contract 🌟
The team at Lavaswap has been wanting to implement a deflationary token structure. After much debate, the results are in!
New LAVA (BSC) Features
- ✅ 5% fee on every BSC transfer
Whether this means transferring LAVA to a new wallet or swapping LAVA on a DEX there is a 5% transfer fee BUILT-IN to the contract of the token itself.
- ✅ 2.5% of this fee, captured in LAVA, is burnt
- ✅ 2.5% of this fee, captured in LAVA, is sent to iLAVA holders on BSC
🤑 How to get LAVA (BSC)
- Cross-chain bridge
Users will be able to utilize the Cross-chain bridge to transfer LAVA (HECO) to LAVA (BSC)
- Lavaswap (BSC) swap
We will be adding liquidity pools for some pairs, such as LAVA-USDT, on the BSC so users can buy LAVA directly from our LP
⚠️ PLEASE NOTE
Due to this new UNIQUE deflationary token model, some DEX’s may not accept LAVA to perform swaps.
We are currently in talk with some different exchanges to support the new LAVA token. More details coming soon for LAVA swaps on DEX’s…
Lavaswap V2 — New Economic Model
LavaSwap is launching a new economic model. LavaSwap V2 will be upgrading its DEX platform. LavaSwap plans to introduce strategic investors to change the current problem of “mine, withdraw and sell” in liquidity mining, and to maximize the benefits of LAVA long-term token holders and ecological participants.
LAVA is an interoperable decentralized cross-chain swap protocol powered by BSC. Since its launch, it has been actively exploring the best development model for the DEX market. After months of research and discussion, LavaSwap has a deeper understanding of the DEX development and community user needs. V2 will make new adjustments and upgrades on the basis of the existing economic model, and is committed to leading the DEX market in the new era!