POISON Reward Token POISON

POISON Reward Token is a decentralized cryptocurrency on the Pulsechain blockchain, featuring a unique reward mechanism that sends a fraction (1%) of the transaction amount back to holders. This page offers an overview of POISON's features and its role in the Voodoo ecosystem. Attention! Although we try our best to cover the most important aspects, It's impossible to cover the full detailed ecosystem on just one page. For a full detailed explanation of the ecosystem, we recommend reading the whitepaper. Introduction POISON Reward Token is designed to offer holders a passive income opportunity by only holding the token. It leverages the Pulsechain network's capabilities to provide a secure, transparent, and decentralized ecosystem for token holders. With a total supply of 10 million POISON tokens, the token aims to rewarding the holders automatically, while being a good utility within the voodoo ecosystem Token Details: • Name: POISON Reward Token • Symbol: POISON • Decimals: 9 • Total Supply: 10,000,000 POISON • Circulating Supply: 10,000,000 POISON VoodooGroup VoodooGroup is an external and decentralized part of the Voodoo ecosystem (Decentralized autonomous organization), set up to ensure and analyze the smooth functioning and growth of the project. It uses POISON Reward Token as reserve currency to fund decentralized applications ( Staking, Gambling ect.) Another goal of VoodooGroup is providing 24h support and assistance to all users and holders within the ecosystem. Use Cases 1. Passive Income Generation: Holders of the POISON Reward Token can passively earn rewards through the reflection mechanism implemented in the token's contract. As transactions occur within the ecosystem, a portion of each transaction fee (1%) is distributed to existing token holders, providing them with a continuous stream of income. 2. Governance Participation: POISON token holders may have the opportunity to participate in governance decisions related to the future development and direction of the ecosystem. Through voting mechanisms, holders can influence protocol upgrades, fee adjustments, and other governance parameters, thereby actively shaping the future of the project. 3. Utility within decentralized applications: The POISON Reward Token can serve as a utility token within various decentralized applications within our ecosystem. For example, holders can use POISON to participate in gambling activities on the gambling application. POISON Reward Token role across different decentralized applications Staking Platform The POISON Reward token serves as a Defi token on the staking platform, enabling Voodoo stakers to receive rewards in POISON Reward tokens. Gambling application The POISON Reward Token functions as a utility token on the gambling platform, allowing users to gamble with it. Tokenomics Total Supply The total supply of the POISON Reward Token starts at 10,000,000 and is fixed. Liquidity Pool –30% Around 30% (3,000,000 tokens) will be used as liquidity across multiple pools. This to ensures easy trading, and stability in the markets. Holders Redistribution –70% VoodooGroup reserves 70% (7,000,000 tokens) to reward De-Fi users on the Voodoo staking platform. Roadmap Behind the scenes, VoodooGroup is working on a user-friendly crypto wallet called Voodoo Wallet, where you can securely store POISON Reward Tokens on your own phone. With easy access and security features, managing your tokens will be very easy. This wallet also includes a cross-chain swap, sending money requests, and storage for NFTs that are bought in the Voodoo fiat-on-ramp crypto shop. As you might have read in the whitepaper, VoodooGroup is also continuously developing new decentralized applications to keep attracting new users to the Voodoo ecosystem. Conclusion POISON Reward Token brings in a new way to reward token holders through a 1% reflection mechanism, aiming to automatically reward holders without the need for staking, farming, or other DeFi-related products. We aim to build a strong community of holders and provide them with rewards and utilities. As we continue working on the project, we may add more improvements and features to make the token even more useful. For example; By holding the token, you automatically earn Pulsechain in your wallet.