Things that you must know about the Token Utility of RushMars

 



A decentralized exchange (DEX) protocol that uses a mathematical formula to price assets is known as an automated market maker (AMM). Assets are valued using a pricing algorithm rather than an order book like a traditional exchange. Each protocol’s formula may differ.RushMars (RMARS) is the next generation of Automated Market Making (AMM) decentralized exchange with a deflationary governance token model. They are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other unique features that let you earn tokens.

RMARS is an ERC20 Token



RushMars ERC20 Token (RMARS) on Binance Smart Chain Mainnet. This governance coin is designed as an ERC20 smart contract with its address. One of the most expensive Ethereum currencies is ERC-20. ERC-20 has become the technical standard; it is used to implement tokens in all Ethereum smart contracts and provides a set of regulations that all Ethereum-based tokens must adhere to. In some respects, ERC-20 tokens are similar to bitcoin, Litecoin, and any other cryptocurrency; ERC-20 tokens are blockchain-based assets having a value that can be sent and received. ERC-20 tokens are distinguished because they are issued on the Ethereum network rather than on their own blockchain.

  • Token Name: RushMars
  • Token Symbol: RMARS
  • Contract Address: 0xcc9a0be2c3069da1d7d361aa15e8f4664f007c95​
  • Chain: Binance Smart Chain (BEP20)
  • Max Supply: Unlimited, linear bonding curve

RushMars has used the Buyback function amazingly. Do you know what is Buyback? It is an important term in the crypto world. Let’s introduce the term BuyBack.

A buyback is when a corporation purchases its shares in the stock market. A repurchase reduces the number of shares outstanding, thereby inflating (positive) earnings per share and, often, the value of the stock. Every time this function is called 2% of liquidity is removed and the liquidity is then split into BNB and RUSH. BNB market buys RUSH. The rest ~99% of the RUSH is then burned ~ 1% of RUSH sent to caller of the function to incentivize user spending gas.

What happened to the Buyback function?





  • 2% of liquidity total is removed from BNB-RUSH LP pool
  • The liquidity is then split into BNB and RUSH
  • BNB market buys RUSH with split BNB
  • Then bought and split 99% of the RUSH is then burned
  • 1% of RUSH sent to caller of the function to incentivize user spending gas




  • Automatic Liquidity

As mentioned previously, there is a 5% transfer tax on each transaction, the 4% transfer tax will be added to the RUSH-BNB liquidity pool through the contract automatically. The liquidity is locked and inaccessible, raising the price floor every time a transaction is made.

  • Harvest Lockup

Harvest lockup is a unique and creative farming rewards lockup mechanism. This mechanism can help us limit the frequency of harvest to prevent farming arbitrage bots from constantly harvesting and dumping.

  • Harvest Lockup

Harvest lockup is a unique and creative farming rewards lockup mechanism. This mechanism can help us limit the frequency of harvest to prevent farming arbitrage bots from constantly harvesting and dumping.

  • Deposit Fee Redistribution

A 4% deposit fee will be charged when users enter staking on RushMoon, They plan to use the deposit fee to add more liquidity buyback pool. This provides

instead of the removed liquidity of the Rushmars buyback pool.



RushMars plans to include a trade incentive mechanism in its AMM dex. Users of RushMars can get trading tokens. Unlike traditional commercial mining, however, RushMars can have different rewards for trading. Species trading pairs can be awarded to other projects. So join this community before it’s too late.

#rmars #social #trading #blockchain #crypto #cryptotrading #rushmoon

For More:

Website: https://rushmars.finance/

Twitter: https://twitter.com/RushMarsBSC

Telegram: https://t.me/rushmarsofficial

Github: https://github.com/RushMars

AUTHOR :
Bitcointalk username:tonojack80
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=3122847
BEP-20-wallet: 0x9544b3D592eA7816BF967aB5c184F9aE524caF36

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