Every month the OfficialToken investor community will pick and decide what charity or current event aid mission the monthly contribution will go to. As the overall liquidity of the Official Token charity wallet increases, we will increase the amount of the monthly contribution to charity recipients. Most aspects of this will also be determined by the OfficialToken investor community.

Tokenomics is a play on words combining “Token” and “Economics”. Simply put, tokenomics is the study of how cryptocurrency functions. This includes such things as token distribution as well as how they can be used to incentivize positive behavior. 

In the case of OfficialToken, our Tokenomics incentivizes holders with a constant deflationary value to their holdings. What this means is that for every transaction on the OfficialToken network (Buy, Sell, or Transfer) there is a 8% fee incurred. That fee feeds back to the community and overall stability of the project.

This 8% transaction fee is distributed to 3 fundamental pillars of the OfficialToken tokenomics.

• 3% goes to Liquidity
• 3% goes to Burn Wallet (essentially disappears or goes inaccessible forever)
• 2% goes to Marketing & Charity Wallet

The 3% Liquidity distribution provides the financial liquidity that allows for buy & sell (swap) orders.

The 3% Burn creates the autonomous deflationary function. For every transaction that someone else may do on the network, that 3% disappears forever! So your remaining tokens become more scarce over time with every transaction. With increased scarcity comes increased value!

Of course, the 2% autonomous distribution to the Charity & Marketing Wallet provides the funds for monthly charity contributions as well as funds to market the project, further expanding our reach to broaden our charitable giving pursuits.

First, lets address what Token Reflections are!

This function automatically distributes a portion of the transaction fee from every transaction back to the holder wallets within the project. So your wallet token holdings increase in quantity over time with every transaction on the network. 

We chose not to opt for a reflection function to our tokenomics for multiple reasons. Firstly, we want to prevent exorbitant transaction fees. We feel 8% was suitable for this project. Many have 10-12% transaction fees to feed this additional “reflection” function!

Second, we chose to increase the burn rate instead which fundamentally does the same function of increasing the value of every holder’s wallet with every network transaction. This is the magic of autonomous deflation at work! As time progresses, holding Official Tokens becomes more valuable!

Third, and one of the most important reasons most tend to overlook is that this also lowers the concern for token investors in what we like to refer as “Whale Milking”. Whale milking simply allows an entity who holds a large quantity of tokens (often called a whale) to continuously “milk” the liquidity by selling the large reflections they receive consistently, and never actually decreasing the amount of tokens they hold in the long term. By eliminating the reflection functionality these whales aren’t receiving billions or trillions of tokens every day that they can sell, slowly milking the liquidity. 

Lastly, adding reflection functionality is a difficult, sometimes impossible, and painstaking process for exchanges to implement. So this helps make the eventual adoption of OfficialToken on exchanges simple.

We have taken many steps to assure the public that we are a trustworthy and ethical project! Unfortunately there are many projects that end up being “rug pull” scams created by elicit and anonymous scam artists feeding on those wanting to make a quick buck. Even we have fallen victim to a few of these. In fact, the impetus for the Official Token project was started by the Founder (Eric Dennis) because of this type of scenario.

We are not an anonymous group! We have shown our faces and “doxxed” ourselves by saying who we are, leaving the admin team open and accessible for questioning in various public outlets including live AMA (ask me anything) interviews.

Locked Liquidity – We have locked liquidity until December, at which point it will be moved to v2 for extended lock. Current lock Here

We are also currently undergoing an audit which will be provided publicly when completed.

Yes! As the project grows, we will have better leverage for acceptance on various exchanges. Each has their own criteria to be met, and we already have some on our short list!

We certainly realize it is easier for some people to purchase tokens via an exchange instead of the DEX wallet swap method (which is a little more difficult).

We will keep the public updated on these developments as they progress!