Woldes Coin (WOL) Ecosystem

Woldes Coin (WOL) is built on both Ethereum (ERC20) and the Binance Smart Chain (BEP20) as proof of authority consensus mechanism that ensures no one controlling owner but rather a community-driven ecosystem.

The Woldes Coin Protocol has the following unique features:

BuyBack

The transaction fee of 6% is used to buyback tokens. When the market sees a spike in sell transactions, the to Woldes Coin BuyBack mechanic uses the 6% transaction fees to repurchase and burn tokens. Not only do these purchasing transactions add additional value (BNBs) to the liquidity pool, but the burn also reduces the total circulating supply of tokens, rapidly increasing the price and avoiding large slumps. Once the BNB balance of the contract exceeds 1 BNB, on a sell transaction 6% of the available BNB balance will be used to buy back tokens.

Charitable

Woldes has allocated up to 0.5% of its total supply of Woldes Coin to charity purposes. A selection of reputable and life-changing causes will be funded by Woldes. To this end, Woldes will be supporting these charitable causes and foundations: The Woldes Grant, World Animal Protection, The American Heart Association, Cancer Research UK, Lupus Research Alliance, and selected mental health causes around the world. Woldes Grant will provide student scholarships to students, and provide relief funds to victims of natural disasters.

Split and Burn

The transaction fee of 4% is used to add liquidity. This mechanics automatically increases the liquidity pool, enhancing price stability and allowing for larger token trading volumes. Once the contract holding exceeds 0.1% of total supply, an automated liquidity add will be executed on a sell transaction. During addition, the first half of the tokens are swapped with BNBs and then the next half and BNBs are used to add funds to the LP pool. The LP tokens created are burned and are not assigned to the owner wallet.

Liquidity Lock

All of WOL initial Liquidity circulated is locked and it will be unlock on December 31st 2099 or 28519 from day of its retail sale, which on December 1st 2021. The smart contract is audited by India tech company, Enabula. Subsequent auditing will be conducted by CERTIK and PricewaterhouseCoopers (PwC).

Safer Investing

All the projects launched will be vetted and audited to ensure Woldes and WOL investors are safe against scams and rugs. We also have legal and compliance requirements to ensure we safeguard our platform and customers investment.

Marketing

Up to 2% of every transaction is allocated in marketing budget and contributes to fuel platform sales and aggressive promotions around all the blockchain space.

Reward Token of Your Choice

UP to 3% WOL is our default reward token, But.. Hmm, you want Bitcoin or Ethereum, maybe ADA? Not a problem! WOL is an all-in-one token, where you can change to your desired reward’s token anytime from user-friendly Dashboard.

Anti-Sell Off Mechanism

The Anti-Sell Off feature makes it impossible to empty your wallet no matter how little the amount is. You will always be a holder as you can only sell 99% of your balance at any point in time.

Anti-Whale Mechanism

Selling above 0.1% of the total supply in one single transaction will be rejected. This will allow us to reduce swing-trading and break whales control.