Zoocoin burnt 18.8% of all its tokens leading to a price surge

Another cryptocurrency has finally hit the market with a bang, and the thing that many of the world’s leading cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, have in common is that they are all supposed to be decentralized, private, and anonymous. After rumours circulated about a secret project called Zoocoin, it was finally unveiled to the public on August 8th, 2016. This move has caused the price of Zoocoin to soar, jumping from $0.067 at the beginning of this month to a high of $1.06, after which it began to drop.

Dash, a cryptocurrency, was the victim of a hack on December 10, 2018, with the attacker successfully transferring funds from the Zoocoin treasury (a wallet managed by Zoocoin operators) to a third party wallet. To do this, the attacker used the Zoocoin website’s management interface to make multiple transactions to transfer a total of 18.8% of the total Zoocoin supply from the Zoocoin treasury into the wallet of the attacker. The attacker then moved the Zoocoin tokens to an exchange and attempted to sell them for Bitcoin. This caused the price of Dash to rise, leading to the complaint that Dash had been “burned.”

When a team of computer scientists wanted to create Zoocoin, they dreamed of an ecosystem that was entirely community-driven. Like all dreams, this one came true. And unlike most decentralized dreams, the team exceeded its expectations. They built a crypto farm for the animals, fascinating, isn’t it? Users can easily invest in their favorite Anima cryptocurrency, be it SHIB, DOGE or PIG.  It is the first of its kind and is based on two unique offerings: a static reward system and manual burning. To make the platform even more profitable, they have created a feature that allows investors to buy cryptocurrency bundles that are linked to valuable assets in the vast cryptocurrency market. And one more thing: Owning Zoocoin ecosystem will be simple and painless. They took a step back, looked at what they got, and decided it was impressive. Nevertheless, one problem had to be solved. Zoocoin is made for people. Therefore, the team revised their plan to be fully community-based and more transparent.

Manual Combustion – Crossing

The developers have completely burned all tokens to make the launch of Zoocoin fair. A fair ecosystem and a space for the people. See figure below; 18.8% is burned to ensure free and fair adoption of cryptocurrencies.   Subsequent and future burning will be carried out by the municipality itself and is intended to prevent price fluctuations, particularly those caused by large transactions. This process will also remove selling pressure, which is a known cause of volatility. This means that Zoocoin users will not suffer from their investment being affected by the manipulation of the coin stock. In addition, any manual redundancy will be tendered in a transparent manner in the future to further increase transparency and decentralisation. The development team will publish all figures and related statistics on the public and official website.  This will allow the community to easily track the number of tokens in circulation in the ecosystem and quickly determine the value of their holdings. The liquidity of the platform is also assured by the automatic provision of liquidity (LP).

What is the acquisition of a liquidity pool?

Zoocoin users (buyers and sellers) are protected from price fluctuations by creating a reliable price floor with Automatic LP.  This view is a way to avoid day trading or arbitrage. This way Zoocoin volume is always protected from unnecessary pressure from sellers. The tax on all sales transactions is 10%, which goes to Zoocoin holders.

Verdict: Zoocoin as a gateway to long term investments

Zoocoin offers a unique, long-term investment solution where the average crypto trader can open long positions, make a profit, while not having to worry about price fluctuations. Twitter: https://twitter.com/Zoolet_app?s=09 Telegram: https://t.me/joinchat/UJFu2sseZKs3Yzgy Vertragsadresse: https://dex.guru/token/0x159266b0944f7762 612a8338597196673c297-bsc Competition for aircraft ⚠️4 Conditions for earning a drop: 1️⃣ Follow us on Twitter @Zoolet_app, and download an image ✅✅ 2️⃣ Tweet information about Airdrop, and download an image 3️⃣ Join the Zoolet TG channel, and download an image https://t.co/kmVM3dmQtI (1/2) – Zoolet (@Zoolet_app) 25. May 2021 Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.

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