DollarUP is the first rebase token with USDT rewards. Forked from onlyup and build to break the chart!
The biggest flaw in the dividend rewarding tokens are the contract sells. This is necessary for holders to get their rewards. The contract reserves taxed tokens and sells them to itself to get BNB. This is needed to buy USDT which then get send to holders as dividend rewards. Those sells look bad on a chart and can even cause panic sells.
By implementing the rebase mechanic (which was first introduced on the ethereum chain) we can negate the contract sells and whale dumps. The value of your holdings won’t in or decrease. But the chart will look better for new investors and create FOMO as it will only go UP!
1. Download Trust Wallet
Simply visit trustwallet.com & download the application. The app is secure and widely used in the DeFi market. Remember to never share your seed phrase!
2. Fund your wallet
Purchase BNB or BSC (Binance Smart Chain) to fund your wallet. Those coins are used in the Binance Smart Chain.
3. Enable Browser
Go to DApps & click on PancakeSwap. Go to Safari and type in the URL:trust:browser_enable Open in Trust Wallet & you all set
4. Swap for DOLLARUP
Go to DApps & Click PancakeSwap. This is an exchange that allows users to Swap BNB with other DeFi tokens. Click currency & enter the token address.
Dividends are rewarded every 60 minutes. You can also manually trigger them by buying or selling a small amount [100+ $DUP] to get your rewards send to you wallet.
You need to add the Tether to your Trust or MetaMask wallet in order to see your rewards.
USDT Token Adress:
We get this question a lot of times. Slippage and taxes are not the same. The contract tax is 15%. The slippage can vary due to demand. Read the text below for a more in-depth explanation about slippage.
Slippage is the difference between the expected price of a trade and the executed price of that trade. It is more likely to happen when there is a higher level of volatility, such as breaking news that forces unexpected trends in the market.
This condition can make it extremely unlikely to be able to execute any trades at the expected price. Slippage can be a direct result of a speculator/trader using market-orders to enter or exit a position.
It is also likely to happen when large orders are triggered while there is a lack of volume at the selected price to maintain the current bid/ask spread. The spread refers to the difference between the ask and bid prices of an asset.
There's a 3% max wallet. You can't buy or hold more then 3% of the total supply. As rebase tokens fluctuate in supply this amount varies through time.
Slippage also comes into effect. When there's high traffic slippage goes up. Read the What's slippage section for more info.
Refreshing or closing down your app/browser can also fix issues if the above doesn't work.
Rebase also called Elastic Token Supply.
It's already in the name. The rebase mechanic rebase's the price floor by adjusting the total supply of tokens in circulation.
Meaning not only the LP Pool tokens get reduced or increased but also the tokens you hold in your wallet.
the amount of tokens is not representive of the value you are holding within rebase token projects. Because the rebasing happens to the total supply of tokens in circulation the value of your holdings stay the same after a positive or negative rebase happens
Value on the chain is not always achieved by hard $$$.
The psychological effect of FOMO is something that should not be underestimated. Dividend rewarding contracts have a big flaw and that's all the sells happening from the contract to get all the holders there rewards. Rebasing at the right time (after contract sells or whale dumps) can reverse the panic sales. Combined with manual buybacks the FOMO is real!
We rebase often right after launch.
This will gradually slow down as we stablise the price floor. We will announce all rebases in our Telegram channel so be sure to join in.
Rebase and Poocoin isn't working correctly yet.
Poocoin doesn't update it's marketcap after a rebase happens. We advise you to refresh before you buy/sell so you always see the actual marketcap at what you got in/out.