Everyone's favorite burner is set out on a mission to burn until infinity during overliquified periods, With its DAO members guiding its rise.
RED utilizes a true burn mechanism which will continuously take advantage of overdiluted liquidity by unpegging Ethereum from its liquidity pool, buying back RED tokens and sending it to the dead address
The true burn mechanism is hardcoded into the birds DNA and ensures that RED keeps acquiring tokens, and pushes the price of each token up by a certain percentage at the time it does so. You can learn more about REDS burn mechanism here.
RED also utilizes a portion of the playgrounds swap fees to reliquify reds liquidity pool which can be used to keep RED burning, it is also the governance token for the playground.
RED taxes are subject to change according to market conditions. However, the contract is hard coded to never go above 10% taxes
Liquidity Pool
Ecosystem
Liquidity Pool
Ecosystem
RED utilizes a true burn mechanism which will continuously take advantage of overdiluted liquidity by unpegging Ethereum from its liquidity pool, buying back RED tokens and sending it to the dead address. RED also utilizes a portion of the playgrounds swap fees to reliquify reds liquidity pool which can be used to keep RED burning!
Users transactions are used to accrue fees thats goes directly into reds liquidity pool and sends lp tokens to REDS smart contract.
When the burn function is called , the contract unpegs a percentage of the tokens called based on the overall liquidity pool and sends it to the dead address. The liquidity is burned forever within the smart contract and is required to be within the smart contract to call the burn function.
Thus making each token left in supply worth more after the burn. Liquidity stays the same, however, the price shoots up according to the percentage of supply burned.
One of our unique features is the code that enables RED to grow through the contract, unpegging a small percentage of tokens from the pool and burning it forever automatically
Another unique feature is the manual burn that OnlyRED can call to unpeg a percentage of the supply, making every token more valuable at the moment of burns
A high liquidity tax goes straight to the dead address to ensure RED gets less volatile overtime and an additional tax is applied on sales
Max wallets were restricted to 0.1% of the supplv on launch and there is a 5% increase in fees to reduce any potential swing trading
A marketing tax is applicable on buys and sells to ensure RED has an adequate money reserve to continue marketing
RED features a set of additional security measures. Which is written in detail below
RED is the governance token of the playground swap, which can be used to vote, create proposals and ask for funding to further develop the playground
Hard-coded contract features to prevent abuse or rug pulls.
The token‘s liquidity has been burned in the smart contract and can never be withdrawn
Any new Liquidity generated will go straight to smart contract which has been renounced
Contract has been fully audited by blockchain experts
