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BEETroot

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ExchangeAnonymous cryptocurrency exchange
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PHL SCORE

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42

Jun'22

Founded

Reputation

Clear use case. 3.7 stars on Trustpilot (1 review). Not open source, no audit, no OA. Fairly unknown team. The PHL team advises users to use PulseX / Pulseramp instead.

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About $BEET

Anonymous Cryptocurrency Exchange with over 700 assets, PulseChain in the works. No restrictions or upper limits. Just simple, direct, private, autonomous swaps that you can track and follow all the way. Safe, secure, ultra quick aggregation and auto execution. No funds or personal data are stored. Best prices across multiple liquidity & routing partners via SmartRate tech. BEET Overview: BEET is an immutable and deflationary reflection token that will be launching on Pulse Chain. In addition, fees from the BEETroot Anon Crypto Exchange aggregator will be used to buy & burn BEET, creating ongoing & increasing buy pressure while deflating supply. Tokenomics & Black Hole: 20% of the initial supply will go straight into the official burn address to create a giant black hole, which attracts the reflections and sucks up supply in a disproportionate measure. See it as an eternally & provably locked friendly OA in reverse, the benefits without the keys and risk. The black hole will keep growing and accelerating deflation, both from reflections and ever bigger buy & burns as the exchange grows. This enables a super small traders tax of only 2% in total to make a huge impact on deflation, combined with the buy & burns. Rewards: Hodlers are rewarded by way of auto reflections from the 2% traders tax, simply by holding BEET in their wallet. No staking is required, your balance will increase in real time from all global BEET trades on the dex, while the total supply deflates. Buy & Burn: Fees from BEETroot Anon Exchange are used to buy back & burn BEET at random times so the buy pumps can't be gamed. This creates ongoing & increasing long term buy pressure from it's own protocol. A self feeding cycle that will trigger further buying from the wider market, all while reducing supply on the burn. Deflationary: In addition, there is the black hole sucking ever larger amounts of supply from it's share of both the reflections & the buy back & burns, forever growing & accelerating deflation.

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