Disclaimer: The text below is a press release which was not prepared by Cryptonews.com.
ELONPEG, the first social media-linked token on the Binance Smart Chain, announced its updated Q3 / Q4 roadmap as part of the MESA (Make ElonPeg Sexy Again) project. This roadmap includes new social media integrations through custom smart contract oracles and decentralized applications (dApps) for gamified prediction events.
Prism Crypto LLC, the US-based company behind ElonPeg, said the plans were part of ElonPeg’s mission to link social media events to tokenomics. Although the token was founded with the named connection to Elon, the purpose behind that connection was to balance the effect of social media events on the demand for tokens by introducing an automated, on-chain verifiable way of reducing supply. . This deflationary mechanism has been a resounding success so far, with 45% of the total token supply “burnt” just by tweets to date, and more tokens are added to the vault every day.
The company also plans to showcase professional projects supported by industry leaders around blockchain education that are linked to ElonPeg and provide the first true online academy for security, security, analytics, and blockchain technology. .
What do we need to know about ElonPeg?
ELONPEG is the very first Crypto currency automatically linked to social media events in real time. Rather than eagerly awaiting market-skewing tweets today, we’ve decided to guard against it by creating groundbreaking integrations to monitor Twitter for every tweet, retweet, or response from the one and only Elon. The tweets cause a massive supply burn with verifiable record keeping on the chain and on social media. Every tweet, every retweet, every reply, every time.
- Massive volume growth plan currently underway, including posts, YouTube reviews, podcasts, mailing lists, etc. Watch the MESA project video for more details from our founder and lead developer Steve.
- Secure development budget through active headhunting for an extended and experienced team to create prediction markets, educational resources, etc., also featured in the MESA project video.
- Hard cap 600BNB (2BNB max buy-in) Presale dxSale sold out in 10 minutes! Liquidity blocked for 1 year.
- Registered on CoinMarketCap and CoinGecko
- 9% tax on each transaction: 3% for holders, 3% for liquidity, 3% for marketing, events and carbon offsetting.
- 1 trillion total supply, 50% deposited in the smart contract vault at launch.
Explain this “Vault” and the meaning of “Peg” in the name
The “BurnUponTweeting” contract (audited with the token) which is called the safe started with half of the total supply. Each time Elon tweets, the ElonTweeted (tweetId) function is called, burning 0.3% (tunable) of the Burn Vault supply. New tokens have been allocated to the vault since the launch of the marketing portfolio, reflections, and redemption and burn programs. The Vault stays in circulation with innovative think and retrieve features, all contractually enabled based on Elon’s tweets.
Image source: https://imgur.com/a/kkOvHOq
Each Elon tweet, retweet, or response is retrieved within minutes, kicking off a fully automated process that burns the required amount, distributes the reflections to holders, stores the tweet ID in the burn transaction record, and sends feedback. alerts to the Telegram channel and Twitter.
How secure is ElonPeg?
As always, the crypto world and the BSC can be rife with scams and honeypots. Do your own research, take a moment to chat with the team in Telegram, everything you need to feel comfortable. The team are very responsive and extremely helpful and knowledgeable and the telegram is very lively.
With more than 4000 holders, ELONPEG takes security seriously. All contracts and the development / marketing portfolio were created from a Ledger hardware portfolio. The Vault contract was created to ensure that half of the supply is available and remains in circulation, but not in an unsecured and unlocked wallet. The team has run countless tests on Testnet and reviews with auditors to make sure everything is exactly as it should for presale, launch and a successful future.
Good I am sold! What about the roadmap and growth plans?
Launched with a working product in the form of an automated smart contract linked to social media events, the project has already started to attract more and more active crypto enthusiasts.
With a recently updated roadmap, the ElonPeg team is working to develop a whole new approach to staking with its gamified prediction platform that is built around innovative pools linked to social media to ‘pawn’ their BEP20 token against certain expected results in exchange for reflection multipliers rewards.
Currently, the ElonPeg token is available for exchange on Pancakeswap. You can add it to your watchlist on CoinMarketCap or Coingecko. The ElonPeg team recently announced the “MESA Project” to discuss the updated roadmap and the short to medium term development of the project in the current market.
ElonPeg and the MESA Project – Making ElonPeg Sexy Again