🎯Tokenomics

Anchoreth Token (ADSH) is a BEP-20 utility token based on the Binance Smart Chain blockchain and will function as a means to power the ecosystem through all its elements. Users receive tokens in exchange for their traffic and digital contents and can use them for purchasing products and services or exchanging them back for other tokens or fiat currencies.

Binance Smart Chain (BSC), launched in September 2020, can best be described as a blockchain that works in parallel with Binance Chain. Unlike Binance Chain, BSC offers smart contract features and EVM (Ethereum Virtual Machine) support. The design goal here was to keep Binance Chain’s broadband intact while smart contracts were introduced into its ecosystem. Since the BSC is compliant with EVM, it has been released supporting the world of DApps and tools from Ethereum. The two blockchains essentially work side by side. On average, a transaction on the BSC costs (March 2021) between $0.10 and $0.20, and can scale to handle thousands and thousands of transactions per second; it is also possible to transfer ERC-20 tokens (the Ethereum standard) to BSC in a very simple way. The BSC underlying currency is BNB and it is possible to find it in three different forms: BNB BEP-2 on Binance Chain; BNB BEP-20 on Binance Smart Chain; BNB ERC-20 on the Ethereum network.

PancakeSwap, the DEX we will focus on, uses an automated market maker model (AMM). This means that although you can trade digital assets on the platform, there is no order book where you are matched with someone else. Instead, you trade within a liquidity pool.

The token contract address will be released soon. Make sure not to buy any fake tokens, always keep an eye out on our official social media channels.

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Last updated 2 years ago