Rank #21,588
$DGMM

SkyRocket DGMM

Protocol - Health ● Launched 32 months ago
Binance Smart Chain
0x54d9054217b698e985fd66250b5d245e0bb9fdf5
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Description

SkyRocket (DGMM) is an elastic supply token. Elastic supply token have a changing circulating supply. The circulating supply expands or contracts due to changes in token price. This increase or decrease works with a mechanism called rebasing.?

A rebase protocol happens routinely and adjusts the circulation token supply automatically according to i.e. token?s price, time period or targeted value.

The unique mechanism behind it allows for a lot of usecases in cryptospace and DeFi. The rebase function of SkyRocket was adjustet to only decrease the supply which we call the zero-g effect to reach a targeted price.

That guarantees a continuously price growth. That means that the total supply is decreasing but the aggregate value keeps the same and is allocated to the remaining supply.

Even rebase doesn?t have a direct effect to the exchange rate it has a indirect psychological effect that have an impact to the market rule #1: supply and demand!

The rebase and the market rule in combination we call the Double Gain Market Mechanism (DGMM) which will give SkyRocket a healthy growth over time.

Where is this taking SkyRocket?

First and foremost, a strong and healthy community. Due to the scarce tokens in the end, the community will be large enough for many people to participate, but small enough to have a certain status of exclusivity.

Skyrocket wants to show that decentralization and all power to the community has a greater benefit than centralized systems run by states, banks and organizations.

Market Rank

In the dynamic and ever-changing landscape of cryptocurrencies, SkyRocket DGMM has established itself as a formidable player. It is currently ranked #12,115 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in SkyRocket DGMM as a viable digital asset.

Buy & Sell Taxes

When trading SkyRocket DGMM, it is important to consider the buy and sell taxes associated with each transaction. The buy tax for SkyRocket DGMM is 0.10%, while the sell tax is 0.43%. These taxes could potentially affect your overall returns, so it's crucial to factor them into your investment strategy.

Tokenomics

The tokenomics of SkyRocket DGMM consist of a total supply of 107,175,375,790 tokens, out of which 96,064,545,911 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.

Wallet Support

In order to securely store your SkyRocket DGMM tokens, you can use a variety of wallets such as Trust Wallet, MetaMask, SafePal, Coin98. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.

Price Performance

The price of SkyRocket DGMM is currently at 0.000000008820325743598184, having experienced a 0% change in the last 24 hours. The trading volume for this period stands at 0. With a circulating supply of 96,064,545,911 tokens, SkyRocket DGMM has managed to achieve a market capitalization of 945, reflecting the strong interest of the market participants.

coinvote.cc/coin/SkyRocket-DGMM

Info

Price$ 0.(0x8)8820
Market Cap$ 945.32
24h Variation (%)+0.00%
Total Supply107,175,375,790
Circulating Supply96,064,545,911
Launch DateOctober 16th 2021, 00:00
Date addedOctober 22nd 2021, 02:26
Listed byISACK NEOTON

Security Scan

1 hour ago

The security scan is conducted by Goplus and serves as a general indication of contract security.

It may not detect all potential threats and vulnerabilities. Always perform your own research.

Holder Count:653
Buy Tax:0.10 %
Sell Tax:0.43 %
Owner Holdings:5.18 %
Honeypot Check:
Blacklisted Check:
Top 10 Holders:43.50 %
Anti-Whale Mechanism:
Can Take Back Ownership:
Slippage Modifiable:
Transfer Pausable:
Open Source:

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