So...Molten' summary from their website sounds almost too good to be true...
Check it out:
What makes the Molten token unique is its meta-market making mechanism that guarantees perpetual baseline liquidity (a price-floor) that continues to grow as more trades are executed. Molten's perpetual liquidity protocol effectively takes a 2% tax from every transaction, transforms it into a LP token, and locks the LP token into the contract itself where it can never be moved or transferred by anyone. In addition, each transaction has a 1% burn, making the remaining supply more and more scarce.
- they got the liquidity figured out
- they got the scarcity figured out
Still not sure what the need for this token is...?
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