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Welcome to Suuper Protocol, where the aim to create generational wealth through the revolutionary concept of Auto-Staking. The simple plan is to provide investors with the perfect opportunity to invest in a variety of DeFi protocols of their own choice through voting.
The token for the Suuper Protocol, $Suuper, is one that has an elastic supply, rewarding all its holders through a positive rebase formula every 10 minutes. This essentially and effectively means that for every 10 minutes, the holdings increase in value and this amount gets compounded automatically for users, by the Protocol. Through the simple yet cutting-edge function known as Buy-Hold-Earn, holders will be rewarded with 0.016% every 10 minutes.
With the formula for success, users could potentially obtaine more than 460,000% after the first 365 days of holding (assuming price remains constant). With future implementations of marketing plans, users are expected to double down on the opportunities and offerings.
The initial token release will be done on the Binance Smart Chain (BSC) Network (BEP-20).
The tokenomics are as such:
• 14% Buy Tax, and 16% Sell Tax
• 4% Tax goes to the Treasury
• 2% is burned in the Wildfire
• 4% on Buy, 6% on Sell: goes to Suuper Auto-Liquidity Manager (SALM)
• 4% goes to the Risk-Free Value Wallet (RFV)
To explain each of the taxes and their respective uses, here are some detail explanation on the Treasury.
The Suuper Treasury, which collects 4% of all buys and sells, is where holders of $Suuper decide on new projects through voting. Holders’ voting weightage is dependent on the number of tokens that the holder has. The functionality of the $Suuper token as a governance token for the Protocol allows holders to decide on the next steps for the project to take. Additionally, the Treasury functions as an additional financial support for the Protocol, by first establishing a floor value for the $Suuper token, and then as a failsafe should there be any black swan events that negatively impact the price of the token. Finally, the Treasury may also be used to fund marketing, and/or new products and services that ultimately create more utility to the community.
The Auto-Burn Mechanism, also known as the Wildfire, collects 2% of all buys and sells, and sends them to their grave. This helps reduce the circulating supply of the token, while helping to create an ever-increasing price floor.
The Suuper Auto-Liquidity Manager is the liquidity generator, collecting 4% on buys, and 6% on sells. The liquidity generation script creates a stronger price floor by converting the taxes into Suuper/BNB LP, increasing our MC/Liquidity ratio with every transaction made.
Finally, the RFV is a wallet that is separate to the others. This wallet is used mainly to sustain and generate rewards for the staking rewards provided by the positive rebase. This offers attractive rewards to holders sustainably through our Epoch-based payout.
In addition to the above, Suuper Protocol have also put in place an Anti-Whale tax, which essentially helps users to prevent whales from destroying the long-term sustainability. This means that holders who exceed a certain pre-set percentage of token holdings will be taxed extra on top of the 16% tax on sells.
With that out of the way, these are the longer-term plans. Once the first 12 months are up, the amount that is paid out epoch (every 10 minutes), will be decreased. The exact amount is to be determined as evaluation again closer to the expected date.
The long-term goal of Suuper Protocol is to ensure a sustainable way in which the token can continue to provide utility and yield for holders, and part of it is achieved through a risk-diversified strategy. The projects that are initially invested in through the Treasury are differentiated into varied risk ratings, and Treasury funds are appropriately allocated across all of them. This allows the team to maximise returns while minimising the risk taken, creating a sustainable daily return on investment.
To further grow Suuper Protocol, one of the other long-term goals is to become a multi-chain protocol. One of the chains would be the ETH blockchain, as that is the motherland of DeFi. The team will proceed according to intended roadmap, and start working on Ethereum Virtual Machine (EVM) Compatible chains first such as FTM and AVAX to move forward with the ETH integration later. As a complement to the above utility, a multi-chain Swap and dApp will be developed, where new investors can purchase $Suuper across all blockchains, allowing the brand to generate hype everywhere, while also ensuring that Marketing efforts are reaching cross-chain for the maximum amount of impact.
The Suuper Protocol team is experienced in various BSC projects, and based on their understanding and experience, they have decided on a Presale, to be able to fund the initial liquidity and ensure a stable price and most importantly, with full transparency.
$Suuper will conduct its presale via the Pinksale platform, where contributions will be collected in BNB. Liquidity will then be added within 24 hours to facilitate the trading of $Suuper on PancakeSwap.
Liquidity will also be locked for a minimum of 1 year on PinkLock, so users can be rest assured that the team is going nowhere but staying to create the most sustainable auto-compounding yielder.
Join on the various social media platforms:-
Whitepaper (Work-in-progress): https://suuper-protocol.gitbook.io/suuperprotocol/
Discord: https://discord.gg/suuper
Twitter: https://twitter.com/SuuperProtocol
Telegram: https://t.me/suuperprotocolchat
Contact Info:
Name: Suuper Protocol
Email: Send Email
Organization: Suuper Protocol
Website: https://suuperprotocol.com/
Release ID: 89072162
