🪙Tokenomics

Tokenomics of BeetRoot ($BROOT)

Tokenomics are designed to be straightforward yet effective, supporting its main purpose as a contract deployer for tokens on the Base blockchain. Below we detail the key financial mechanics and strategies embedded in the token design.

Transaction Fees

• $BROOT Buy/Sell Fee: Each transaction involving $BROOT incurs a fee of 5%. This fee is applied to both purchases and sales of the token.

  • Purpose: The transaction fee serves multiple roles:

    • Liquidity Assurance: A portion of the fee contributes to maintaining and increasing the liquidity pool, ensuring that there is always enough volume for transactions without significantly impacting the price.

    • Project Sustainability: Fees can also support ongoing development and maintenance of the BeetRoot platform, ensuring it remains functional and up-to-date with blockchain innovations.

Contract Renouncement

• Implications: Once renounced, the token operates in a fully decentralized manner, where no single party has the authority to alter the contract’s functionalities or token distribution mechanics.

Focus on both utility and meme tokens

• Target Audience: The primary focus of the BeetRoot platform is to facilitate the creation of utility and meme tokens, which are often used for community building and social engagement rather than just financial transactions.

• Advantages: By simplifying the process of token creation, BeetRoot provides a user-friendly platform that empowers users with little to no technical knowledge to launch their own tokens, fostering creativity and participation in the blockchain space.