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BEETroot news
About BEETroot
BEETroot Privacy Hub has created and put together the best cryptocurrency tools and dapps that enable anonymity and maintain self-custody whilst swapping across chains, bridging and ramping to and from fiat.
Crypto has strayed far from its origins, BEETroot helps you get back to basics doing crypto the right way, as it was originally intended. Stay anonymous, stay private and stay in control.
BEET is an immutable and deflationary reflection token on the PulseChain network. Fees from the BEETroot suite of tools are used to buy & burn BEET, creating ongoing and increasing buy pressure while deflating supply.
BEET:
Published and verified contract, liquidity locked with Team Finance, Ownership renounced - No Admin Keys, details at https://www.beetroot.world/beet
Black Hole:
1.8 billion of the initial supply was sent to the official burn address to create a giant black hole, which attracts the reflections and sucks up supply in a disproportionate measure. See it as an eternally & provably locked friendly OA in reverse, the benefits without the keys and risk.
The black hole will keep growing and accelerating deflation, both from reflections and ever bigger buy & burns as the exchange grows.
This enables a super small transaction tax of only 2% in total to make a huge impact on deflation, combined with the buy & burns.
Rewards:
Hodlers are rewarded by way of auto reflections from the 2% transaction tax, simply by holding BEET in their wallet. No staking is required, your balance will increase in real time from all global BEET trades on the dex, while the total supply deflates.
Buy & Burn:
Fees from exchanges and swaps are used to buy back & burn BEET at random times so the buy pumps can't be gamed. This creates ongoing & increasing long term buy pressure from it's own protocol. A self feeding cycle that will trigger further buying from the wider market, all while reducing supply on the burn.
Deflationary:
In addition, there is the black hole sucking ever larger amounts of supply from its share of both the reflections & the buy back & burns, forever growing & accelerating deflation.
The live BEETroot price today is $0.000003 USD with a 24-hour trading volume of $1.27 USD. We update our BEET to USD price in real-time. BEETroot is down 5.93% in the last 24 hours. The current CoinMarketCap ranking is #8256, with a live market cap of not available. The circulating supply is not available and a max. supply of 7,120,370,007 BEET coins.
If you would like to know where to buy BEETroot at the current rate, the top cryptocurrency exchange for trading in BEETroot stock is currently Phux (PulseChain). You can find others listed on our crypto exchanges page.