Ever dreamed of a cryptoasset that has ABN features and is almost free to transact? Tired of Ethereum three figure gas fees for trading?
Then AutoBurn on Expanse (EABN ERC20 token on Expanse blockchain) is the right token to buy & hold.
3) The main feature: 3% price boost every day! Actual market price is increased by 3% at the time of the boost. It is achieved regardless of trade volume by burning 3% of EABN part from its eggswap liquidity pool every day while EXP part is kept intact as well as holders’ EABN balances. This allows safer entry even at higher price levels.
4) Fair launch. The liquidity-building presale lasted minimum 3 weeks. Grab EABN until it or EXP stops being cheap. EXP was $10 few years ago and can easily return to such levels.
5) Identical contract code, no known way to exploit. The main differences include: Total supply 10,000 EABN, transaction limit is 10% of circulating supply. Other features are identical to ABN on Ethereum. EABN contract is complete on launch and contract ownership has not even been implemented. Thus nobody, even the dev or team is able to modify AutoBurn. The presale was decentralized and autonomous as well and all ether from it went straight to the liquidity and zero to the deployer. This project is locked on deployment and can’t change. Only the free market on all remaining supply determines AutoBurn price.
Other useful features from ABN
1) Free wallet to wallet transfers. No limit on amount transacted, exempt from 3+3% fees as well.
2) Near zero gas costs. On Expanse it’s not important if the gas limit is higher. Transactions are near one million times cheaper anyway.
3) No huge trades in a single transaction. Every transaction except wallet to wallet transfer has volume limit of 10% circulating supply to achieve limits similar to ABN. For example if EABN supply is 8000 you can trade maximum 800 at once. However, balances and count of transactions are not limited.
4) Punish weak hands. To keep supply balanced there are fees mentioned above, 6% total for buy and 6% for sell. So that 3% daily boost feature covers strong hands in as few as 4 days. Such fees also keep front-running bots away. Use 7% or more slippage in eggswap settings when trading.
Just buy and watch EABN price as well as your proportion of available supply grow every day.