About Ryoshi Token
Market Stats
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Additional info about Ryoshi Token
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FAQ
Ryoshi Token (RYOSHI) is the native meme token of the Ryoshi platform. Meme tokens are cryptocurrencies inspired by memes or jokes on the internet. Ryoshi is a community-driven platform because the team at Ryoshi realizes that users want complete control of their cryptocurrencies and strong communities of token holders can support each other. Therefore, Ryoshi chooses to be a completely decentralized and community-owned platform.
Ryoshi appears as Shiba Inu’s father and aims to solve the main issues of Doge and Shiba platforms like high transaction fees and lack of transparency among the community. Being deployed on the Binance Smart Chain, Ryoshi has minimal transaction fees. A 2% fee is deducted from each transaction used to burn RYOSHI tokens to increase the token’s value. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value. Moreover, the platform seeks to offer transparency to its users, and it is one of the core values of the platform.
Besides this, Ryoshi aims to provide good liquidity to its users. The liquidity tokens are locked forever by sending LP tokens to burned addresses so that no one can pull liquidity out.
Further, Ryoshi seeks to have a safe and easy-to-use crypto wallet for users to store and manage their cryptocurrencies. Non-fungible tokens (NFTs) are an essential part of the project. Ryoshi has an NFT marketplace to seek to create and sell NFTs and other collectibles on this exclusive platform.
RYOSHI is a BEP20 deflationary token. Deflationary tokens are tokens that decrease in supply with time. BEP20 is a token standard deployed on the Binance Smart Chain. Of the total supply of RYOSHI, 50% is already burned at the launch, and an additional 2% of each transaction is burned hereafter. Users can get RYOSHI by connecting their metamask wallets and swapping BNB tokens for RYOSHI.
The roadmap suggests that the platform has plans to get the smart contracts audited by the Techrate audit company. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.
The maximum total supply of RYOSHI tokens is 1,000,000,000,000,000 tokens.
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