β Explanation
In our ecosystem, we will introduce our very own swap platform called the Royalty Swap. This swap will provide users with the flexibility to buy our coin, exchange it for other cryptocurrencies, or swap it for the assets of their choice. Similar to traditional exchanges, each transaction on the Royalty Swap will incur a minimum swap fee.
With every transaction made on the Royalty Swap, we will allocate a portion of the swap fee to burning our currency coin. Specifically, we will burn 1% of the coin supply every two years. This involves purchasing our own currency coin, storing it in a separate wallet, and permanently removing it from circulation. By implementing this burning mechanism, we aim to have a positive impact on the coin's price, particularly during bear market conditions. This burn process will continue for a period of 100 years, or until 50% of the total coin supply has been effectively burned.
Our currency coin's primary objective is to achieve high Transactions Per Second (TPS) rates, surpassing those of other cryptocurrencies in the market, while also minimizing energy consumption. We believe that by designing a code that is easier for miners to solve, we can generate more blocks within shorter timeframes, thus reducing the energy waste associated with mining, as seen in the case of Bitcoin (BTC).
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