Ahh, the world of crypto currency. A new world where fortunes can be made with the touch of a button. In the world where you can create your own coin on the BSC (Binance) Blockchain, things can get bit crazy, quickly. More times than not, folks create coins for plunder. Communities have unfortunately grown accustomed to “rug pulls", “honeypots", and projects that just flop. Many call this space the “Wild, Wild West of Crypto".
The Wild West was full of robbers, thieves, rustlers and wranglers. Do you know the one thing that the Wild West did not have? Kevlar.
The Kevlar Finance team is a group of people that have been burned too many times in the BSC market. With so many folks out there creating tokens with intent to just take advantage of people eager to invest hard earned money, the Kevlar team decided to take a stand. The team created a bullet proof token, structured around the deflationary concept, but with an original take on reflections.
Kevlar Finance token, a deflationary token on the Binance blockchain, just launched over the weekend. Token features that encourage investors to consider keeping investments long term include: a locked liquidity pool, an initial whale-proofing system, and a team of highly active owners and developer that engage the Telegram community (https://t.me/Kevlarfinance) often and consistently with transparency.
The highlight of this token, and what sets it wide apart from other BSC tokens, are the reflections and how you choose to receive them. Kevlar is the first token to give you the option to chose which token you will redeem your reflections in. You can receive reflections paid out from any token available on the Pancakeswap exchange.
Token projects often use a portion of the taxes earned from token purchases for marketing and buyback wallets. Kevlar has written in the contract an automated conversion of taxes into BNB. When there is a need for funds for marketing or placing a buy back become necessary, it does not reflect negatively in the chart.
Taxation occurs when buying the token (10%), as well as when selling, trading or moving the token (20%). The taxes are broken up and distributed in three ways, 85% is sent to increase the liquidity, 7.5% goes to reflections for holding the token and 7.5% to the marketing wallet. After the market has shown sufficient stability, the taxation division will change to 60% sent to liquidity, 20% to reflections and 20% to marketing.
The buyback functionality ensures that the chart remains healthy, and the token value stays strong. Buybacks are initiated manually to ensure that funds, which are already taken from taxes and converted to BNB, find their way back into the community investment. This, in turn, keeps the investment price from dropping below resistance. The tokens purchased with the buyback funds are then sent directly to a burn wallet, that cannot be accessed by anyone, decreasing the amount of tokens available in the market, and increasing the rarity and value in each token still available.
The dedicated Kevlar team has designed this token with the investor in mind. They have paid very close attention to other projects that have failed in the past and used that 20/20 hindsight to create a token that is here to make investing more profitable for its community. It is anticipated to stand out amongst other tokens in the BSC crypto space as a new, fresh and original concept.
For more information on Kevlar Finance, you can check out their website at https://kevlarfinance.com/.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made.
