AUTZ Token: Redefining Tokenomics For A Greater Cause
- Carmela Murray
- June 25, 2021
- Press Release
- 0 Comments
AUTZ token is a cryptocurrency that has been specially designed with the ultimate goal to help the autism community. This token is one of its kind and serves for a greater cause than for just transactions and holding values. One in 50 Americans is diagnosed with Autism Spectrum Disorder (ASD). A majority of them being kids under the age of 10 years, the autism community is at the forefront of disorders that require adequate attention.
The creators of AUTZ token are affected by autism either themselves or through their loved ones. They are very well aware of the autism community and how things function inside it. They have all been deeply impacted by this and thus wanted to create a sustainable economic incentive, especially for the community. This economic system will be able to provide a “sustainable fiscal environment” to aid the resources for the improvement of Autism Spectrum Disorder.
AUTZ token chain is based on the transactional fee distribution model. The AUTZ token is based on a positive feedback loop. This way, the token holders need not perform a transaction to earn AUTZ. They can earn by simply holding them, while benefiting from on-going transactions. 3% of all transaction fees will be distributed to all token holders based on their asset value in comparison to the total supply.
The original supply of the token is 1 Quadrillion. 3% of it is allotted for marketing. 10% of the token supply is allocated to support charity in the autism community. The Open Market Liquidity via UNISWAP LISTING will use 37% of AUTZ.
This token functions on a reward for reward basis.. Every time a transaction is performed, the fee is distributed to all wallets, including the charity wallet. Thus the entire functioning of the token is based on a do good and receive good formula.