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  • 20 July

    🔥| Introducing Proto Gold Ecosystem | Unique Codebase - 88% Max Supply Locked With Vesting Up To 5 Years | Whitepaper Released In 6 languages | Savings & Rewards Protocol | Gold Bullion News Q3 2021 |

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Tue, Jul 20, 2021 2:56 PM by CryptoCurrencyTrading

🔥| Introducing Proto Gold Ecosystem | Unique Codebase - 88% Max Supply Locked With Vesting Up To 5 Years | Whitepaper Released In 6 languages | Savings & Rewards Protocol | Gold Bullion News Q3 2021 |

Take your time, it will worth reading. Welcome to $PROTO! Launched via DxSale, the premier multi-chain launchpad 2 weeks ago, the $400k launch market cap was one of those slow fills that turn into a steady and healthy climb to currently around 2M, it 10x over the last 2 weeks. The success and infrastructure, marketing, brandbooking and so on was successfully secured in an initial donation event where 1700 BNB was raised to be put into Proto's custom triple token vesting and governance system. Finding a balance to create something dynamic yet long-lived has long been a problem for small MCap coins launched on BSC - as long as you are in full bull, this has in many cases just sorted itself out. But what if someone designed a protocol and codebase that was meant to reward in both rain, snow and sun? To understand the success of Proto Gold, you have to understand the triad of tokens that underpin it: Proto is the ecosystem fuel and distributes rewards and charity, it’s only tradable token currently. Law is designed for the proto ecosystem governance - and much more. Dore is the quarterly savings & redemption bonus, on top of the frictionless yield generation. Description of Proto token - the Proto ecosystem fuel! Each Proto transaction has a 10% transaction contribution split as follows: - Frictionless token yield 2.5% of all Transactions are shared with Proto Holders, forever increasing your wallet balance of Proto tokens. Watch your balance grow in real-time. Proto is your primary day-to-day token. - DORE bonus airdrop 1.25% of all transactions are saved into the community savings Gnosis multisig vault & distributed to Proto holders in a 90-day cycle as BUSD and converted into your Dore airdrop. Exciting details of the first 3 of many initiatives below! 1: 🟨 Discounted Gold Bullion Gold supplier swaps your Dore airdrop for Gold Bullion at a 5% discount on the global retail price of Gold bullion, the world's oldest store of value. The discount is limited to 24 hours and according to their whitepaper provided by the Proto ecosystem. Partner announcement incoming! 2: 🔄 ProtoSwap Swap Proto for Dore at the Proto DEX (decentralized exchange) to accumulate either token for your needs. Want more DORE to buy some gold? Then swap some PROTO to DORE! Want more PROTO for additional daily rewards & increase the compound effects? Swap out DORE for PROTO. 3: 🎰 Lottery Enter the Dore lottery for bigger Dore prizes, weekly draws, and 1 mega draw at the end of each quarter. 1 Dore = 1 ticket to each of the weekly draws and the final mega draw. More about the interactive tokenomics of the project: 1.5% of each Proto transaction locked 🔒 into the liquidity pool. 1% of each Proto transaction goes towards a first-hand charity distribution, straight to the Charity Multisig vaults. Major partnership announcement VERY soon. The global partnership could be the biggest surprise with this crypto. Proto isn’t just sending crypto to a charity; there will be boots on the ground. 1% of each Proto transaction burned 🔥 the only right way by sending to the 0x0000000000… contract address, permanently reducing the available supply. 0.75% of each Proto transaction is distributed to the Marketing Binance Gnosis Multisig vault & used to attract prominent influencers across the big social media platforms such as Youtube, TikTok, etc. & run marketing campaigns permanently, raising awareness. 0.75% of each Proto transaction distributed for audits of codes & further platform development. More info in their Whitepaper. 0.50% of each Proto transaction is distributed to the infrastructure finance Gnosis multisig vault to facilitate upcoming discounted offers... Lightpaper and Whitepaper in 6 languages already ready and live, with English, Mandarin, Arabic, French, Spanish and Russian live and more languages coming. Locked liquidity 🔐 - no “rug pulls” here; all lockup & vesting is hard-coded into the protocol. Fully viewable on the blockchain. Slow-release of locked early contributor tokens; no whales will dump on you! 95 days fully locked then 110 days of release at only 0.90% of their holdings per day. PLUS: Up to 5 years of vesting on 88% of the ecosystem tokens! Core members’ allocation 15%, but locked and vesting for nearly 2.5 years. All is hardcoded into the protocol for community inspection. DAO - community governance “Law” token. Your voice will shape Proto Gold’s future direction! LAW was used recently in the first 3 community votes, to upgrade the code & become compatable with BSCSCAN & extended lockup periods of ones own wallets volunteralry. 0.75% of each Proto transaction distributed to the DAO Vault, together with 20% of the Proto total supply, where funds will only be released with votes by the DAO members upon the launch of LAW, the governance token. Proto will support the price of Law and other tokens/coins in some parts similar to DAI & MakerDAO. Pancakeswap Link: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xB9DF47C637D481aF168Ff5E13D9a4b1e5874b6f8 Chart: https://www.dextools.io/app/pancakeswap/pair-explorer/0xb641dd68a792bf9b0ca0503e0e25cf10184a306d The Ecosystem Explained in more detail. PROTO GOLD is designed to provide short, medium, and long-term benefits to our community members to help motivate them to stay and contribute to future growth & development. Community members will maximize their benefits by holding all three tokens as they all provide different benefits - yet they all work together. Token benefits for community members include: Instant Rewards from PROTO The deflationary effect from PROTO token burns The DORE savings BONUS every quarter LAW’s continued strengthening through accumulations into our DAO Treasury Our tokens are three interdependent friends since: PROTO needs LAW > LAW needs PROTO > DORE needs both LAW and PROTO 1 - PROTO needs LAW To create extra security within our protocol, we renounced the PROTO contract keys to LAW. This means that a vote using LAW will be required before any changes can be made to the PROTO code. 2 - LAW needs PROTO LAW provides our system’s governance and security. To prevent a 51% attack on the DAO, LAW needs strength. This strength comes from the DAO Treasury, which initially holds 20% of the total PROTO supply, and an additional 0.75% of each PROTO transaction also accrues to the DAO Treasury. This creates another deflationary effect on the PROTO supply and further strengthens LAW. 3.1 - DORE needs PROTO The accumulation safe receives 1.25% of each PROTO transaction (in the form of BUSD). The amount of DORE distributed every 90 days is based on how much BUSD has accrued into the Accumulation Safe during that quarter. The amount of DORE received by a PROTO holder depends on what percentage of the eligible PROTO supply an individual holds. 3.2 - DORE needs LAW Community members must hold at least $100 of LAW to be eligible for the DORE airdrop. (This, in turn, also increases the incentive to hold LAW and further strengthens the DAO - and so it goes, around and around). Please follow / Sub Website: https://proto.gold DAO: https://dao.proto.gold 📱 Telegram: https://t.me/Proto_Gold 📖 Medium: https://medium.com/@Proto_Gold submitted by /u/coreys9 [link] [comments]

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