$MSC Inflationary Supply & Buyback Solution
On 11.26.2021, Multi-Stake Capital, along with other Farm-as-a-service tokens encountered a storm of FUD facing the inflationary supply issue, with EtherScan holder amount showing top 100 holders holding more than 100% supply due to the amount of reflection tokens being issued by the smart contract to holders.
https://etherscan.io/token/0x7ed037eb22982b839a5f0b67f6a652c9857ccd4d#balances
With $MSC token mechanism, 10% of each buy is being distributed among existing $MSC holders, 10% of each sell goes into multi-chain bonding & staking (STAKΞ, STAKΞ) to add to the treasury liquidity pool and buy back $MSC tokens. With the 10% buyback + liquidity addition, the inflation issue is already mitigated for tokens like $MSC, because our treasury is growing at a good pace with (3,3), our daily buybacks and the liquidity pool will see the benefit of growth as well.
To further boost community confidence, we had a discussion last night regarding whether to burn 50% supply or deploy a $MSC V2 smart contract. After much deliberation, we think burning 50% supply to 0xDEAD will be most fair to all community members. Deploying a $MSC V2 contract with the current $MSC V1 ownership renounced and liquidity locked will require all existing $MSC V1 holders to send existing $MSC V1 tokens to a designated swap wallet and the to airdrop proportional $MSC V2 tokens while keeping in mind to control the token supply to deflate the overall pool. It will inevitably involve a time-incentivized decrease in tokens people can claim for their portion, as seen in the $FLOKI V2 airdrop.
By adopting a market buyback and gradually pushing 0xDEAD wallet to hold 50% or more supply of $MSC, it essentially creates a 5% burn for each $MSC buy transaction in the future. Remember, 10% of each buy is being distributed among existing $MSC holders, once 0xDead holds 50% of $MSC supply, 5% of each buy transaction will be sent to 0xDEAD and forever be taken out of overall pool circulation, ensuring the token as a perpetual deflationary token.
Remember, 10% of each buy is being distributed among existing $MSC holders,
once 0xDead holds 50% of $MSC supply, 5% of each buy transaction will be sent to 0xDEAD and forever be taken out of overall pool circulation, ensuring the token as a perpetual deflationary token.
We did 124.5 $ETH total buyback of $MSC today and burnt all to 0xDEAD, which currently holds 11.5415% of supply, given the current pace, we will get close to the 50% 0xDEAD supply goal within 3–5 days.
Thanks for your patience. With paperhands out and those who are not familiar with the growth staking strategy brought by (3,3), we are very excited for the future with $MSC growth.
Multi-Stake Capital: $MSC
(STAKΞ, STAKΞ)
You buy on Ethereum, we bond and stake on multiple chains and return the profits to $MSC holders.
10% of each buy goes to existing holders.
10% of each sell goes into multi-chain bonding and staking to add to the treasury and buy back MSC tokens.
Website: https://multistakecapital.link
Dextools: https://www.dextools.io/app/ether/pair-explorer/0xc2c1b1dcb36bfc526151613e487fa2a2bac8def7
Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x7ed037eb22982b839a5f0b67f6a652c9857ccd4d
LP Lock: https://app.unicrypt.network/amm/uni-v2/pair/0xc2c1b1dcb36bfc526151613e487fa2a2bac8def7
Twitter: https://twitter.com/MulStakeCapital
