[ANN] POISON Reward Token - A Token Changing Traditional DeFi

[GoldenDragon]

I’m Ramon from Belgium, 29 years old, and today I’m excited to share a cryptocurrency with a truly unique built-in feature!

 

The POISON Reward Token is a cryptocurrency on the PulseChain blockchain, a blockchain created as a fork of Ethereum, designed to offer users lower and faster transactions. The POISON token is part of the Voodoo Token ecosystem. It's designed to let users earn passive income through a built-in reflection mechanism. I will discuss its features, tokenomics, use cases, and future potential.

 

Features that let POISON Reward Token stand out on PulseChain

Reflection Mechanism: Every transaction with POISON results in a 1% fee that is redistributed to all holders of the token. As you can already imagine, this leads to a stream of passive income without the requirement of traditional staking.

Total Supply: The total supply of POISON is set at 10 million tokens, with 70% reserved for holder distribution through Dapps and 30% allocated for liquidity across various pools on PulseX.

Use cases within many DApps: POISON functions as a utility token within several decentralized applications (DApps) in the Voodoo ecosystem, including staking and gambling DApps.

 

Tokenomics and Distribution

Good token distribution is important for the success of a project. That is why the supply of POISON is distributed among:

• Holder Distribution (70%): The majority of POISON tokens (70%) are reserved for rewarding those who stake their Voodoo Tokens. This lets users engage with the Voodoo ecosystem.
• Liquidity Pools (30%): 30% of the tokens are used to provide liquidity across various trading pools. This boosts stability and better trading, which is important since volume is the key factor to the built-in distribution mechanism. The higher the volume, the bigger the passive income users will receive.

 

Use Cases Within the Voodoo Ecosystem

 

The POISON token has multiple use cases within the Voodoo ecosystem:

• Passive Income: Users can earn passive income simply by holding POISON in their own wallets. Every transaction generates rewards for all holders.
• DeFi and Staking: POISON acts as reserve currency on the staking platform of Voodoo, where users can earn POISON tokens as rewards for staking their Voodoo Tokens.
• Gambling: The token also serves as a utility token on Voodoo's gambling DApp, allowing users to place bets and gamble with POISON.

 

Future Developments

The Voodoo project is actively developing, with plans to expand the ecosystem.

• Voodoo Wallet: The development of a mobile wallet, called the Voodoo Wallet, will allow users to store and manage POISON tokens easily. This wallet will also include features like cross-chain swaps and storage for NFTs.
• Farming: Voodoo will build a farming platform where users can contribute their POISON tokens to liquidity pools. Everyone that adds liquidity will receive rewards.

 

Conclusion

The POISON Reward Token offers an new and innovative way for users to earn passive income through its reflection mechanism, without the need for staking or other DeFi possibilities. As a part of the Voodoo ecosystem, POISON aims to play a key role in various decentralized applications. With ongoing development and the introduction of new features, POISON could continue to evolve and provide more opportunities for holders and users.

 

sc: 0xb8c8761fed2aad5c0a75561bc604531a42c452e6

 

For more information about the POISON Reward Token, visit: www.voodootoken.com

 

Earn the token through staking Voodoo Tokens at: www.staking.voodootoken.com

 

What do you think of this cryptocurrency? Is it a flip or a flop? Share your thoughts in the comments below and let's discuss!