🪙Token and tokenomics

Join the DeFi revolution with $PET - POODL's dividend paying token on MATIC/Polygon chain

Token

The first step of our project is the launch of our token: $PET on the MATIC/Polygon chain on April the 2nd 2023 $PET is a dividend paying token. Holders have their dividends paid out in MATIC on the Polygon chain. The initial supply is 100 million tokens. Each transaction is taxed 6% which can be broken down as follows:

• 2% goes into the liquidity pool;

• 1% goes into the Development Wallet;

• 3% is automatically redistributed to holders as dividends

Dividends will only be paid once a holder has at least 100 tokens. Once the holder has enough tokens, dividends are claimed manually by the holder. This process ensures that redistribution is as efficient as possible, minimizing the total gas fees. The liquidity-feeding mechanism will be dynamically managed particularly in the first phase of the project in order to guarantee adequate volatility and encourage volume. The low tax protocol, compared to several other projects, is created specifically to encourage volume as well.