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- Name SellToken
- Package Name SellToken
- Publisher SellToken
- Category SellToken
- 🥳 $5,000 $SELLC Giveaway
- ℹ️ SellToken is a decentralized short-trading exchange based on smart contracts. Its operation is completely based on the unmodifiable smart contract code. According to the short-trading request submitted by the user, the smart contract can automatically execute user’s short-trading operation.
- 🎁 Prize Pool: $5,000 $SELLC
- ⏰ Duration: Apr 1, 2023 - Apr 18, 2023
- 🎖️Top Referrals🎖️
- 🏅 Top 1 - 20 Winners - 1,500 $SELLC Each
- 🎖️Random Winners🎖️
- 🏆 Random 2000 Winners - 177 $SELLC Each
- 🗓️ Distribution Date: After Listing
SellToken That is, ten thousand yuan can be short，ShortEncrypted World Tokens Anytime, Anywhere,Project parties aroundthe world can put their own project tokens on SellToken,Basicreserve for non redeemable short pools，Then retail investorscanalso add a certain amount of tokens to earn daily token interest,and work with the project party to make the short pool assetslarger.Individual investors add short pools to distinguishbetween 1-day, 5-day, and 10-day fixed deposits，The interestrate is 0.01%, 0.06%, and 0.135%, respectively. Upon maturity,thelocal currency and interest can be withdrawn from the shortpooltogether.
Table of Contents
Introduce about SellToken
If we look back at the explosion of the crypto world startingin 2020, DeFi should be a landmark event. If we review DeFi，Uniswap It should be a landmark agreement。From the user's perspective，Uniswap Should be the entrancetothe entire DeFi world ， It undertakes the most importanttransaction function, while the product itself has only afewhundred lines of code. SellToken Is a decentralized short trading exchange basedon smart contracts ， Its operation is entirely basedonunmodifiable code，Based on short selling requests submittedbyusers，Fully automated execution by smart contracts，Completeusershort operation. SellToken That is, ten thousand yuan can be short，ShortEncrypted World Tokens Anytime, Anywhere,Project parties aroundthe world can put their own project tokens on SellToken,Basicreserve for non redeemable short pools，Then retail investorscanalso add a certain amount of tokens to earn daily token interest,and work with the project party to make the short pool assetslarger.Individual investors add short pools to distinguishbetween 1-day, 5-day, and 10-day fixed deposits，The interestrate is 0.01%, 0.06%, and 0.135%, respectively. Upon maturity,thelocal currency and interest can be withdrawn from the shortpooltogether. Users use blockchain ecocurrencies such as Ethereum (ETH)and BNB Smart Chain (BNB) as designated currencies for transactionsettlement, open short payments, and close positions to account.Users only need to open SellToken Dapp and enter the tokencontract address to query the details of the short pool assetsof the token,Decide whether there is a condition to short a token.The amount of money a user can open depends on the size ofthecurrency's short pool,The maximum allowable short selling amountis 10% of the assets in the short selling pool, and the maximumreturn on short selling is also 10% of the assets in the real-timeshort selling pool,97% of the user's short funds are automaticallypurchased by the token and returned to the short pool. Whentheuser opens a short, the smart contract records the initial priceof the current user's position, with the real-time currencypricerising by 2%,After that, individual profits and losses are settledbased on the fluctuation ratio of the token market, and each walletaddress can simultaneously empty multiple tokens. There is a significant difference between SellTokenandtraditional centralized exchange contracts. The differenceis that SellToken never explodes when it is short, avoiding maliciousmanipulation of token prices by sellers. The SellToken aggregation platform also supports allERC20tokens. By paying the blockchain ecological currency to obtainmining rights, the daily income gold standard releases 1% ofthetokens, and the mining is completed within 365 days to stoptheincome. The distribution of payment and mining fees is as follows:BNB is paid for mining, and BNB is distributed as follows：1、3% Foundation 2、10% designated token LP pool 3、10% buy token burn 4、77% returned to the mining pool
What is SellToken
High quality help DefiProject Provide support SellToken is a decentralized short trading exchange based on smart contracts. Its operation is completely based on immutable code. According to short trading requests submitted by users, the smart contract automatically executes the short trading operations to complete the user's short trading operations. SellToken means that ten thousand coins can be shorted, and encrypted world tokens can be shorted anytime and anywhere.