Crypto Academy Week 11 - Homework Post for @imagen || My Proposed Blockchain Project
Thank you @imagen, for your lecture. I love the creativity you have thrown to us and I am really impressed. My love for challenge and creativity has brought me here to create my fictional project through this homework. Let’s go straight to the project by starting with the whitepaper.
Whitepaper for Transport Token (TPORT)
Introduction
Welcome the transport token (TPORT) protocol. The project is built on Binance Smart Chain (BSC). The idea of the token came as a result of the increasing need for the revolution of the transport sector in countries around the world. The need for commuters to have a seamless movement around the world.
Most times, people run out of cash on their way to work or vacation. With a blockchain protocol like TPORT, it becomes very easy to pay for transport fare on the go, without the need to face the embarrassment of looking for an ATM where they can withdraw cash.
It is imperative that our protocol will revolutionize the transport sector by solving this major problem. To get the details of how, let’s look at the roadmap for the actualization of our goals.
Roadmap for TPORT Project
The roadmap to the project will be highlighted as follows:
Project Launch
ICO and Mode of Circulation*
Exchange Listing
Liquidity
Quarterly Burn
Project Launch
The proposed date for the project launch is June 16, 2021. Our team are working round the clock to set up an anti-inflationary measure to ensure the stability of circulation when launched. This involves a 20% charge on all transactions.
10% will be added to the liquidity pool and locked forever.
5% will be shared to existing holders.
5% will be burnt forever.
This will go a long way in ensuring that the token price in the market is sustained and the inflation around the world does not affect it.
ICO and Mode of Circulation*
The TPORT asset has a total supply of 12,000,000,000 tokens.
We will start an airdrop campaign on 11th May,2021. The essence of the airdrop is to create awareness and offer people the opportunity to have the token free of charge. The campaign will run for two weeks, after which we will collate the list of qualified BEP20 addresses and conduct the distribution within a week.
A total of 2, 000,000,000 tokens, representing 16.67% of the total supply will be airdropped. Participants will be able to get their tokens on their BEP20 supported wallets after distribution.
Exchange Listing
We are working on listing the token on Pancakeswap.finance first on June 30th, 2021. The extra duration between the launch date and listing is to enable our team to put some technical parameters on ground before the listing. Among the technical issues we need to put in place are slippery percentage, locked liquidity pool and transaction speed.
Other exchanges to be listed on come July are:
Bitmart
Hotbit
Houbi
Julswap
Bakeryswap.
Liquidity
On listing on the Pancakeswap, a total liquidity of $2,000,000 will be locked for two years. This is to ensure user confidence on the project.
Quarterly Burn
In order to ensure an inflation free circulation, we will be burning 10% of the token every three months. This is to say that a total of 1,200,000,000 will be burnts forever every 3 months. This is aside the 5% that will be burnt on every transaction.
Conclusion
The TPORT project is for the masses and as it comes onboard, it will change the lives of commuters completely. We expect a massive adoption of the project, as it touches the lives of the average traveler around the globe.
Join us in taking the transport industry to the next level.
Thank you.
Very interesting post