币圈网

"Magic Ethereum Money" or $MeM is a hyper "Reflationary" token. That combines the additive growth effect of a hyper inflationary token without the holder value dilution that usually follows such a practice. $MeM is able to escape the dilutive effects of inflation by having the inflation only occur on the mint of taxed tokens. This ensures that a user's value does not remain antithetic to the rate of inflation but instead grows along side it in direct proportion to it. $MeM is a Pump-as-a-service (PaaS) IaaS/ FaaS project. Utilizing the taxed value to commit to buying back the tokens and burning the supply to slowly raise the price floor. Each $MeM token acts as an individuals share of the profits pumped back into the token supply by the treasury. $MeM is a user specific, stable-inflation rate, reflection token. What that means is that whatever % of the total supply you purchase at any given time you will keep for the remainder of the time you hold the token. New tokens are minted from the taxes and are distributed to all current holders; this neutralizes the potential for holder bag dilution from inflation. Since every holder’s bag grows in direct proportion to the rate of inflation. The beneficial effect of having “reflations” is that a holder’s bag EXPONENTIALLY increases in value as the taxes mint new tokens. A .01% holder goes from holding .01% of 1T tokens to holding .01% of 10T tokens over time. So regardless of how much of the token you have you are guaranteed to gain an adequate amount of reflections; a magical solution to the holder distribution issue that many reflection tokens suffer from. PaaS/ Iaas The $MeM token will be utilizing funds generated by the taxes to perform one function: distributing the collected funds to holders still in the $MeM system. The primary mode by which this will be accomplished is through a buy and burn mechanism. All tokens that are bought by the treasury will be sent to a burn address to reduce the circulating supply and steadily raise the token price floor. The second method to accomplish this will be to place a portion of the funds made from the taxes into yield farming protocols to ensure the longevity of our buybacks.