The Grandest Tournament on the BSC Begins Soon

Queen of Coin is a new Binance Smart Chain (BSC) project that aims to conquer the currently stale network. In order to accomplish this, we employ two unique tokenomic systems. The first is a “royal treasury” which fills with BNB taxed from the sales of the realm, and second is a feudal tax scheme rewarding the nobles. The royal treasury can be won by any aspiring knight, as long as he purchases at least 0.1% of the token supply. If no other challengers are able to cut you down by purchasing 0.1% or more of the supply within 10 minutes of your buy, the entire treasury is yours. The second is a progressive feudal tax system that rewards nobles who spend big with lower taxes. This ensures that there will always be buying pressure without punishing selling. Will you be the one to take the queen’s hand and ascend to the throne? Your resolve will surely be tested, so sharpen thy steel, prepare thy steed, and participate in the grandest tournament on the BSC.

Our team was formed from many corners of the crypto space, but all of us had the same question: how do we maximize value for holders and incentivize buying while also not punishing selling? In many BSC projects people have no real reason to buy other than hype. This means that as soon as the hype dies, the project dies with it. Many different strategies have been tried to avoid this, with few succeeding.

Anonymous and Campfire pioneered a time locked tax scale that punishes selling large amounts close to the tokens’ launch and gradually reduces sell fees over time. However, this still didn’t provide an incentive to buy, and did not prevent large sells if people were up thousands of percent. The only thing that this accomplished was punishing sales, and would lead to huge dumps whenever the sell fees lowered.

Ghostface tried to create a system that automatically sold your reflected tokens for BNB and allowed you to claim these rewards. Tiki took this a step further and auto distributed the BNB reward to all holders. In this way, people gained BNB without having to sell tokens themselves and were incentivized to hold. However, as soon as trading volume evaporated, so did the BNB rewards. It also did not reward buying, as simply sitting on your token stack gave you the rewards. This led to dumps when peoples’ rewards begin to dry up as hype died, as the amount you received got lower and lower.

Lucky and other lottery-based tokens tried to reward holders with entries into a lottery. Bigger holders got more “tickets” to enter the lottery, or received more for buying more tokens. This pot would then be randomly distributed to a lucky winner. However, this system relies on luck. Even if you are a top holder, you are not guaranteed to win, which does not truly reward buying.

Queen of Coin was created to maximize buy pressure through a fun tokenomic game. We do not punish selling, which disincentivizes investing not likely to invest. Instead, we maximize buying. Because the pot is BNB and not tokens, it holds its value regardless of the token value. Additionally, low volume does not affect your reward whatsoever. The pot will remain full of BNB regardless of volume or market cap, which allows the token to survive in nearly any market condition. There is no luck involved in winning the pot, as the winner is always the last 0.1% buyer. This means that your buys directly lead to your victory, rather than a slim chance to win a randomly distributed lottery.

Additionally, we have created an exclusive Queen NFT that is won by the champion of our tournament. Only one NFT will be minted and given to the winner per pot, ensuring extreme scarcity (and a beautiful waifu to add to the collection). We have also added a scaling tax system, to reward big buyers. As stated previously, projects rely on whales to grow large, and continuously punishing whale buyers only hurts the long-term health of the project.

Queen of Coin has huge future plans. These include partnerships with other projects, exchange listings, and an NFT marketplace. Please check our roadmap for more information, or pop by our telegram. One of our team members will always be there to answer any questions you may have.

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