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What is Quid?
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Deflationary
Ultra deflationary tokenomics mean ultra inflationary price
What is a deflationary token?
A deflationary token is a token that burns some of its supply over time; thereby, reducing the number of tokens in the circulating supply and allowing for a faster move in the right direction.
Deflationary myth
Most tokens start off at a certain supply and burn 50% of supply before launch then call themselves deflationary. That is not deflationary and that is not what Quid Ika is doing. The 50% burn before launch in fact has no impact on the price or the future of the token. Tokens that burn 50% before project launch are essentially just dividing their total supply by two. The complication of doing that is that nobody can accurately calculate the market cap of those tokens.
Quid Ika is truly deflationary-- in fact, it's ultra-deflationary.
Quid Ika; ultra-deflationary
$QUID tokens are burned with every token listing, strategically. When a token applies to get listed on the Quidity app and pays the fee, the fee is put into the marketing wallet reserve on the multi-sig and is reserved for buybacks and burns. For example, if Quid Ika generates $100k in revenue one month, Quid Ika has $100k to use for buybacks and burn. And if the price goes to a certain level, the colossals will use that $100k to buy back and burn a huge chunk of supply. At a $1,000,000 market cap, per se, $100k in buyback would be approximately 12.5% of supply. That would mean 12.5% of supply was taken out of circulation and new buyers would have a bigger impact on the price taking $QUID to the shore faster.
Track the burn address for QUID below:
https://etherscan.io/token/0x9d38f670d15c14716be1f109a4f453e966a2b6d4?a=0x000000000000000000000000000000000000dead
etherscan.io
$QUID burn address
At the time of this writing, QUID has burned 51M tokens, 10% of supply. This includes buybacks and burns. This number is set to increase with volume because the burn address burns tokens with every buy or sell. This is what makes it truly deflationary.
🔥 Buybacks and burns
🔥 Auto-growing burn address
Last modified 6mo ago
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