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 #12,243 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.
Popular Exchanges
To buy, sell, or trade SkyRocket DGMM, you can use various popular exchanges such as ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in SkyRocket DGMM with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
