Sucelun is a revolutionary project focused on reducing the circulating supply of the native Cronos chain token (CRO). By implementing a unique token burn mechanism, Sucelun aims to increase the value and scarcity of CRO, benefiting the entire Cronos ecosystem.
Table of Contents
- Introduction
- Problem Statement
- Solution
- Technology
- Tokenomics
- Road map
- Market Analysis
- Legal and Regulatory Considerations
- Conclusion
1. Introduction
Background: The Cronos blockchain is gaining traction with its versatile applications and robust security. However, the ever-increasing demand to reduce the supply of CRO tokens poses a challenge to their long-term value.
Mission Statement:
Sucelun is committed to enhancing the value of CRO by systematically reducing its supply through a dedicated burning mechanism.
2. Problem Statement
Supply Inflation:
As many in the community have stated, the current supply of Cronos tokens is already high, and this oversupply is diluting the value of existing tokens.
3. Solution
Burn Mechanism:
Sucelun introduces a burn mechanism through a transaction tax, where 70% of the profits generated from this tax system are dedicated to burning CRO tokens, effectively reducing the total supply by sending to a dead wallet (0x0000000000000000000000000000000000000000)
Transparency and Security:
All transactions and burns are recorded on the blockchain, ensuring complete transparency and security.
4. Technology
Architecture:
Sucelun operates on the Cronos blockchain, utilizing smart contracts to automate the token burn process.
Smart Contracts:
Smart contracts handle the collection and burning of CRO tokens, ensuring a fair and secure process.
5. Tokenomics
Token Utility: The Sucelun token (SELN) is used for transaction fees, governance, and staking rewards within the Sucelun ecosystem.
Token Distribution:
- Initial Supply: 1,000,000,000 SELN
- Public Sale: 12%
- Team and Advisors (Locked for 2 years): 5%
- Locked tokens 73%
- DEX and CEX liquidity: 10%
*Team tokens will be distributed to all team members equably, the funds will be held even after unlock and may potentially be burned.
Profit Distribution:
Distribution of the monthly profits:
- Cronos Burns: 70%
- Financing new listings: 10%
- Marketing: 10%
- Liquidity Generation: 7%
- Team compensation: 3%
Supply and Issuance:
No additional SELN tokens will be minted after the initial distribution.
6. Road map
Phase 1: Launch
- Token Generation Event
- Presale on PinkSale
- Presale 100% Dedicated to Liquidity Generation.
Phase 2: Development
- Build a strong community
- Partnership announcements with DEX and CEX
- Community engagement programs
Phase 3: Burns
- Initiation of the CRO burn on a monthly cycle by utilizing 70% of the tokens profits for CRO burns.
- Continuous improvement and updates
7. Market Analysis Industry Overview:
The blockchain industry is rapidly growing, with increasing adoption of decentralized finance (DeFi) solutions.
Competitive Analysis:
While many projects focus on staking and yield farming, Sucelun’s unique burn mechanism sets it apart by directly addressing supply inflation.
8. Legal and Regulatory Considerations
Compliance:
Sucelun complies with all relevant regulations to ensure legality and protect investors.
Risk Factors:
Potential risks include regulatory changes and market volatility, which could impact the project's success.
9. Conclusion
Sucelun is dedicated to enhancing the value and stability of the Cronos ecosystem by reducing the supply of CRO tokens. Join us in this mission to create a more sustainable and valuable blockchain environment.
Glossary:
- CRO: Native token of the Cronos blockchain.
- SELN: Sucelun token.
- Burn: The process of permanently removing tokens from circulation.
Contact Information
- Website: sucelun.com
- Social Media: Twitter