Revolutux (RVLT) is a decentralized cryptocurrency on the BNB Smart Chain that operates as a deflationary coin. Every transaction that happens with the token has three different functions which are Reflection, Liquidity Pool (LP) Acquisition, and Burn. The relationship between these functionalities will help them to clear up any confusion around price volatility and farming incentives. The team of this project believes that it’ll see rapid expansion and want to use this potential to deliver high value to the members of the community.
Liquidity Pool (LP)
When people make use of decentralized exchanges (DEXs), they will be required to pay certain fees. Revolutux (RVLT) will reward liquidity providers with these fees as a way to thank them for their services. The fees will be distributed to liquidity providers in accordance with the quantity of liquidity pool tokens or a share of the total pool that the liquidity provider has.
Reflection
The reflection method gives token holders the ability to safely store their tokens depending on the portion of the project they have completed as well as the total number of tokens they have. This mechanism exists to serve the needs of early buyers who would like to sell their tokens after they’ve earned high annual percentage yields. It endeavors to reduce the amount of the negative sell demand that has been placed on the token as a result of early adopters trying to sell their tokens to benefit from the exorbitant APYs.
Burn
Revolutux (RVLT) wants to put into action a long term burn plan that offers participants benefits and rewards. A continuous burn will not only be useful at the beginning of the process but it means that it cannot be altered or limited in any manner. The burns are regulated by the team and promoted according to how successful they are.
The Revolutux (RVLT) Ecosystem
This project’s ecosystem consists of four major offerings;
- Revolutux Swap
- Revolutux Staking
- Revolutux NFTs
- Revolutux DAO
With Revolutux Swap, users can exchange their money for other currencies of their choice. Using a private key wallet, they have access to the benefits of a decentralized and on-chain transaction settlement. Also, because it is connected to the biggest DEXs in the world, users can find and choose the decentralized exchange that offers them the lowest transaction rates.
Community members have the opportunity to participate in a financial system and earn the RVLT token as a reward for staking their tokens. Also, because staking, in general, requires a certain level of cryptocurrency expertise, Revolutux Staking platform will assist interested parties in getting token dividends. And this also includes people who do not have the technical know-how of the space. For people interested in making some passive income, this is a great offer.
Revolutux NFTs are one-of-a-kind assets that were created on the blockchain and are tradeable. The protocol intends to revolutionize the digital asset market by disseminating their NFTs. People who buy the NFTs will have the ownership rights and responsibilities and according to Revolutux’s whitepaper, they will have authentic and irreplaceable assets.
To create the truly decentralized and community driven organization that they dream of, they have plans for a DAO (decentralized autonomous organization). Revolutux DAO will ensure that users and developers alike contribute to the growth and development of the project. Active members will have RVLT tokens distributed to them and this will serve as a governance token that will enable them to vote on various things.
Does Revolutux (RVLT) Have A RoadMap Yet?
According to its whitepaper, the project has a detailed road map detailing 5 phases. Its website development and whitepaper release are a part of its first phase and it has its presale in the third phase. Some other major things in its roadmap are seed funding and private sale in its second phase, its liquidity pool creation and swap development in phase 4 and community expansion in its fifth phase.
Revolutux;
Website: http://revolutux.com/
