Generating Cardano token rewards with CardanoEvo - Aliens: AI Crypto News & Markets Updates



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Generating Cardano token rewards with CardanoEvo

AMB Crypto

Sat, Nov 27, 2021


Aliens TLDR

CardanoEvo is a project that is working with its community in order to create a token that delivers rewards in ADA while also protecting user investments from bots and whales and delivering stability of investment.

Cardano rewards are achieved by using a small percentage of each buy/sell transaction to fund the ADA rewards and utilize the buyback function that was used in the BabyCardano (bADA) token.

Cardano Evolution or CardanoEvo is a community-driven project that works as a frictionless yield and liquidity generation smart contract rewarding holders with rewards in $ADA.

The Cardano Evolution (cEvo) token was recently listed on CoinMarketCap and CoinGecko with a trading volume of $41,998.

The transaction fee is then further divided into 4 parts that have different functions: Investors are tasked with providing capital to the project For every buy or sell a tax amount is collected Some part of the collected tax is elaborated by the buyback system 7% of the collected tax amount gets swapped into Cardano and redistributed among the token holders Tokenomics The CardanoEVO or cEvo token has a total supply of 45,000,000,000 with a 66.4% share allocated to PancakeSwap.

Buy transactions take up a 15% fee for each transaction which is further divided into a 7% share which is redistributed to Cardano wallets that hold CardanoEvolution tokens, a 3% share of the total transaction value gets added into the PancakeSwap liquidity pool while the remaining 5% share is reserved for funding audits, marketing, exchange listing and development team expenses.

For sell transactions, the 17% share is divided into a 8% share for Cardano rewards, a 6% share for marketing while the remaining 3% goes to the liquidity pool.

Final Word Cardano Evolution is a project that brings an innovative approach with its token reflection concept.

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