- Deflationary token, secured with a basket of cryptocurrencies, with the possibility of staking.BasketCoin is: Deflationary, With collateral covering its value, With the system of repurchase and burning of BSKT tokens.A fee of 2% of the value of each transaction will be taken from the transfer half is burned out, the other half goes to the staking/reward redistribution pool which indeed speeds up the process of reducing supply. - #smart-contract itself assumes that a total of 90% of all BSKT will be burned > supply will decrease from 21,000,000 to 2,100,000The BSKT token is secured with a basket of seven cryptocurrencies that cover its value. - The security so adopted is intended to ensure a constant and stable increase in the value of tokens. - Thanks to the correct match of coins in our basket, its value is less susceptible to fluctuations appearing in the cryptocurrency market. - The BSKT token security chart looks like this:Bitcoin BTC – responsible for 25% of the value of the coverage,Ethereum ETH – responsible for 25% of the coverage value,Polkadot DOT – responsible for 10% of the coverage value, Smarkey SKEY – responsible for 10% of the coverage value, YfDAI.finance YFDAI – responsible for 10% of the coverage value, USD Coin USDC – responsible for 10% of the coverage value, Basketcoin BSKT – responsible for 10% of the coverage value.All listed cryptocurrencies that make up the BSKT basket will be used to generate additional profits on platforms such as:Crypto.com profits of 3%12% APR, YFDAI profits up to 72% APR, Swissborg profits up to 20% APR, and other decentralised profitgenerating platforms in #DeFi format.Revenues from these platforms will be used in the repurchase process for the redemption and burning of BSKT tokens, contributing to a significant reduction in supply on the secondary market. - 90% of the above profits will be used for repurchase and burnout, while the remaining 10% will be used for ongoing and necessary expenses related.
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