Abstinence is a hyper-deflationary token that rewards its holders daily in Binance Coin (BNB). Abstinence aims to become an ecosystem that provides a one-stop to all your crypto experiences. It is looking to ease the complexities of crypto currencies and make it simple to use protocols and platforms for the general public. It also focuses on stepping into charity and has set sights on establishing an NFT marketplace, a launchpad for upcoming projects as well as staking protocol.
Deflationary tokens are widely anticipated to become the future of crypto currencies due to their numerous benefits, the main one being immune to drops in asset value (read more here). The project’s team engages in activities to reduce the supply of the token over time. In Abstinence’s case, every transaction i.e BUY/SELL is pledged to burn 2%, divert 2% to the liquidity pool and auto-reflect another 2% to the Community of Abstinence holders. A further 1% will be added to the charity wallet in BNB and the same amount to be bought back by the advertising, marketing, and development team totaling to 8% tax for both buy & sell.
The Abstinence token is denoted by the symbol ABSC and named as such because it works on the feature called “Abstain to fail”. This means that apart from the regular taxonomy for each transaction, there are two other features. The first is the anti-dump or the anti-whale feature which limits the sale of the token to a max supply of 2% of the total volume in circulation. The second feature imposes a limit on the wallet holding to 5% of the total supply at any point in time. Both these features will prevent a whale from dumping a huge number of tokens into the market & making the price go down dramatically. This reduces volatility and creates a reliable environment for investors.
To find out more about the project in detail, check out our whitepaper on the website which lists all the details about the project. The tokenomics can be found under its own heading. The total amount of tokens is 10 billion of which 30.6% will be offered under the Public sale (pre-sale). 15% of the amount has been reserved for staking and 12% diverted to community rewards and charity. 14% will be with the treasury and 12.5% in the liquidity pool. 11.9% is for the development and marketing and 4% has been arranged for the team and advisors.
The project has also published a roadmap which has been divided into five phases and the team will progress in concordance with it. The first phase begins with the birth of the token on Binance Smart Chain followed by the website launch, release of the Whitepaper, marketing, and pre-sale. During this phase, the audit of the project was carried out by Coinscope – a leading blockchain smart contract auditor. The second phase mainly consists of listing the token on three platforms namely CoinGecko, PancakeSwap & CoinMarketCap. It also includes the marketing phase 2 where they partner with social media influencers and the token burn series is planned with the Abstinence community. The third phase is mostly concerned with NFT’s; launching their own marketplace for the community, minting Abstinence NFT’s, earning and airdropping them, and distributing NFT’s via contests and giveaways. Additionally, the team plans to improve the sustainability of the project by partnering with valid sponsors and CEX listings (Kucoin, Crypto.com). The fourth phase is associated with charity, merchandise launch, the introduction of launchpad, and website redesign.
As evident from the roadmap, Abstinence aims to build a community and become an ecosystem, not another crypto currency that fades into the background over time. Abstinence plans to invest in NFT’s and all their aspects as they enjoy a surge in popularity. Their launchpad will help raise capital for projects that need it the most as well as staking protocol will allow the token holders who stake their holdings to benefit from passive income. The merchandise too helps bring a sense of community to the token holders. All these ventures help Abstinence capitalize on numerous markets rather than sticking to one.
In addition to profiting, Abstinence wants to establish itself as the crypto that gives back to the community thus reserving a specific percentage in the total supply for charitable and social causes such as population control and climate change. So log onto the website, & be a part of Abstinence’s Pre Sale to be conducted on PINK SALE (23rd Feb’ 2022 ) – one that is bound to give significant gains.
Abstinence’s Audit Report: https://www.coinscope.co/coin/absc/audit Abstinence’s presale is going live on 23rd Feb’ 2022 on PINK SALE. Join our social media to keep yourself updated on Whitelists spot announcements, airdrops & rewards.
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