$MINI
Last updated
Last updated
Minion is a yield-generating and token burning HRC20 on the Harmony Blockchain, inspired by the boss swap theme which displays dungeon & raid themed pixel art. By holding Minion users are rewarded with Boss Swaps native token, $BOSS directly to their wallet. As transactions occur the $boss token is accumulated in the community wallet for future burns.
Minion’s ($MINI) contract employs a reward system — 3% of every transaction is split 3 ways:
-1% as $BOSS redistributed to holders
-1% is used to fuel the liquidity pool which is burned making the Minion token ever more scarce
-1% as rewarded as $BOSS to the Boss Swap community multisig wallet for building liquidity across harmony chain. Aside from liquidity this mechanism can be changed if community vote wishes to a 1% burn of boss to a dead address.
Minion incentivizes token holders to hold in order to earn dividends from other transactions (buys and sells). The tax mechanism is much lower than many of the similar tokens on chain. Many passive tokens carry a 5–10% transfer tax making farming and staking useless because the cost to enter and exit pools amounts to 20%. Minions tax at 3% is the same as the Boss token. This allows holders to stake and pair with other tokens in the boss swap ecosystem without losing a large percentage of their tokens during staking, un-staking, and pairing. All the while every transaction benefits the whole boss ecosystem by buying $BOSS and burning $BOSS, this action creates constant buying pressure on the $BOSS token while also burning tokens to raise the current floor. Redistribution is based on the contract allocation, the users wallet balance of $MINI, and the number of holders. While your $MINI tokens balance is constant and won’t change, users $BOSS balance, and burned $BOSS total will increase with every transaction.