1) Tell us about GreenCandles Token.
GreenCandles is a hyper deflationary token on BSC that rewards holders for holding tokens, whilst also incorporating the buyback approach whereby tokens are automatically bought and sent to a burn address by the contract. We strongly believe in the vision of the Eden Reforestation project to greatly reduce deforestation by planting trees to save lives. TrustSwap aims to plant 1million trees in 2021 and we’re going to help accelerate that plan by allocating a 1% donation tax to the TrustSwap x Eden Reforestation Project.
2) We have heard a lot about hyper deflationary lately. But first, tell us more about your buyback mechanism.
Firstly, let me define buyback. A buyback, also known as a share purchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market. Companies buy back shares for a number of reasons, such as to increase the value of remaining shares available by reducing the supply or to prevent other shareholders from taking a controlling stake. At GreenCandles, the contract automatically buys and burns tokens thereby reducing the total supply whilst encouraging holders to hold, indirectly driving the price up.
3) What is your tokenomics like?
GreenCandles charges a 12% tax on each on-chain transaction ( Buys, Sells) of which 6% is used to automatically buy back and burn tokens, 3% reflection (distributed to all holders), 2% is sent to a marketing wallet and 1% donation to the TrustSwap x Eden Reforestation Program.
Whenever a transaction occurs, a fraction of the Buyback amount is used to automatically market buy from the Liquidity Pool and those tokens get sent to the 0xdead address automatically, a fraction is distributed to all holders to encourage holding and also sent to a marketing wallet.
6% auto buy back
3% reflection
1% charity
2% marketing
Total Supply: 1,000,000,000,000,000 $GREEN(100%)
Private sale: 450,000,000,000,000 $GREEN(45%)
Liquidity: 450,000,000,000,000 $GREEN(45%)
Marketing and Development: 60,000,000,000,000 $GREEN (6%)
Team Tokens: 40,000,000,000,000 $GREEN(4%) *Sent to a burn address before launch*
4) Can you share with us what are the benefits of holding your token?
We have several to share at this moment.
Reflection — Earn a % of fees from every transaction. You get paid for just holding $GREEN in your wallet.
Zero Bot Manipulation — At EverRise we noticed the issue of bots constantly manipulating the contract buying up tokens before the Autobuy back contract purchases and selling immediately after. We addressed this by including a sniping bot to help prevent that and blacklist such addresses.
Lottery — Randomly every week we would be donating a % of marketing fees to an active community member.
Automatic Buyback and Burn — The contract would automatically buyback and burn a % of transactions once the required threshold is met.
Deflationary Properties — Total Circulating Supply decreases due to the buyback and burn thereby increasing the price/value of each tokens.
Impact Investing — Make gains on your investment through holding (Reflection) and lottery while making a positive impact on the society and the environment. In the initial stage, 1% of the tax goes to the Eden Reforestation Project.
5) Where can the interested parties buy your tokens and how?
Create a Wallet through either MetaMask or TrustWallet
Both of these Wallets have Android/iOS apps, but MetaMask also has a Google Chrome Extension.
Purchase $BNB (Binance Coin). Buy Binance Coin with crypto through your chosen Wallet application, or with fiat through the traditional Coinbase to Binance method. Convert your BNB into Binance Smart Chain coins through your Wallet, they need to be BSC/BEP-20.
Go to PancakeSwap through your selected browser
Click “Connect” in the top right corner of the page to connect your Wallet to PancakeSwap. Once your $BNB balance has loaded in, click “Select a currency” and enter the $GREEN Contract address: 0xe710ba1A6626352D20d67478020AD59aF835ffDA
Before swapping, adjust your slippage
Click on the three horizontal stripes, and set your slippage to 13%. You will see the warning “Your transaction may be frontrun”. This % may vary during the day, based on how much volume there currently is. You basically always want the lowest % where it gives the warning.
Confirm the swap and enter your desired amount of $GREEN, hit “swap”, and confirm the transaction in your wallet.
6) This looks easy. Where can we find out more about you?
You can visit us at the following:
Website: https://greencandles.finance/
Twitter: https://twitter.com/GreenCandlesBSC
Telegram: https://t.me/GreenCofficial
Telegram Ann: https://t.me/GCAnnouncement
Medium: https://medium.com/@greencandlesbsc
Gitbook: https://greencandlesbsc-gmail-com.gitbook.io/greencandlesbsc/
Original Source: https://blockcast.cc/interviews/exclusive-interview-with-greencandles-token-hyper-deflationary-token-buyback/
This interview is curated by Blockcast.cc.
Date of interview: 25 June 2021
Time of interview: 11.00 pm KST
Interviewer: Peter Kim, Editor
