Source Protocol

MWX Token

MWX works on an autonomous frictionless yield farming and liquidity generation protocol. Simply hold MWX tokens in your wallet and you will get more MWX

What is MWX?

MWX is a community driven DeFi project built on Binance Smart Chain #BSC. MWX brings the most revolutionary mechanism to BSC ecosystem.

MWX is programmed to reward holders. It does this by applying a 10% tax on transactions:

4% goes to BNB Reward Pool
4% goes to liquidity
2% is distributed among the holders

We burnt more than 23.6% of the total supply after launch and sent it to a black hole address; as this address also participates in the protocol, it accumulates more tokens, thereby effectively removing them from circulation. There is no limit to the burn, the black hole will keep growing, increasing the scarcity of MWX

Tokenomics & Burn

TOKENOMICS

Total Supply: 1 Quadrillion MWX

66.4% for the Presale & Launch. 100% LP Locked for 6 Months
5% for airdrop (Locked till Distribution)
Team only gets 1% which is locked, and 4% for marketing.
Burnt rest of 23.4% of the foundation.

BURN - Manual & Deflationary Auto Burn

Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed.

Also, Since the coin is deflationary, the supply keeps decreasing with every transaction ensure limited availability in near future. Deflation comes with burn wallet being one of the holder of MWX tokens, hence participating in reflection and auto burning tokens.

The conditions of the manual burn and the amounts can be advertised and tracked.

1st Burn Transaction : 10% of Total Supply (7 May 2021)

Simplest Way to Earn MWX

4% of every transaction is taken and re-distributed to all $MWX holders in $BNB.

You will have to wait for a specific duration called cycle (Daily) to collect your BNB reward.

In this waiting duration, if you continue to add more than 25% (threshHoldTopUpRate) of your $HODL balance, the waiting duration will proportionally add up with the cycle.

(If you sell $MWX it does not affect your cycle)

For example, on the first day of your cycle, you add up more 30% $MWX, you have to wait: 30%*1 days = 7.2 hours more. That means you can collect BNB after 1 days and 7.2 hours.

But if the threshHoldTopUpRate >= 100%, the waiting duration will add up max to 1 days i.e 2 days.

For example, on the first day of your cycle, you add up more 100% $MWX, you have to wait: 1 days more. That means you can collect BNB after 2 days.

This will prevent cheaters who try to add more $MWX at the end of each cycle.

Charities BNB Tax

After rolling out the first testnet, we recognize that top $MWX holders have more advantages when collecting BNB than others. Following the philosophy of building a pure community-driven project.

We introduce a new tax feature.

If you collect more than 1 BNB, 20% of it will be used to donate to charities. This feature helps us contribute to noble causes !

Charity Wallet Address: 0xb6266d43F3E319e884E31075a36fDE8ceAeEf1C8

FAQ

How many BNB can I collect?
You can collect the amount of the BNB based on the ratio of $MWX you hold/the total BNB pool.
For example, you hold 1% of $MWX, you can withdraw 1% of the BNB reward pool.
What is the BNB pool?
4% of every transaction is taken and re-distributed to all $MWX holders in $BNB. This amount of BNB called the BNB pool.
What if I don’t collect BNB reward in my cycle?
If you don’t collect at your cycle and other holders claim, the BNB pool will reduce.

So then the ratio of your $MWX/BNB pool reduces as well. That’s why you should collect as soon as your cycle is ready
Why my collectable BNB always changes?
You can collect the amount of the BNB based on the ratio of $MWX you hold/the total BNB pool. So when the total BNB in reward pool changes, you collect BNB as well.

Transaction Collection

With $HODL, each transaction (buy/sell or wallet transfer) has a 10% Transaction Collection Fee where:

4% of every transaction contributes toward automatically generating further liquidity on Pancake Swap. Benefiting long term for $HODL holders the most!
4% of every transaction is taken and re-distributed to all #HODL holders in $BNB.
2% of every transaction is taken and re-distributed to all $HODL holders. The burn address is also a holder thus each transaction helps deflate the supply.

Automatic LP & RFI Static Rewards

Automatic LP

As mentioned, there is a 10% tax on each transaction, 4% gets added to the liquidity on PancakeSwap through the contract.

This liquidity becomes locked away and inaccessible, once again raising the price floor each and every time a transaction is made.

RFI- Static Rewards

2% of every transaction is taken and re-distributed to all $HODL holders. The burn address is also a holder thus each transaction helps deflate the supply.

Anti Whales

Along with the auto-generating liquidity protocol, we have added an Anti-Whale feature.

We have seen many $MWX holders suffered the big dumps from the whales. For eg: NCAT price dropped 4 times in just hours because a whale dumped and took nearly 500 BNB from the pool (and SAFEMOON case was 1771 BNB).

So transactions (sell/buy and wallet transfer) that trade more than 0.1% of the total supply will be rejected. This will protect price movement as well. The transaction though can be carried out through our dAPP feature of disruptive transfers.

Disruptive Transfers

Since the transactions (sell/buy and wallet transfer) that trade more than 0.1% of the total supply will be rejected. We developed a feature on our dAPP feature of disruptive transfers.

Whales who make a transfer (between 2 wallets) that is larger than 0.1% of the total supply will be charged for 1 BNB. These 1 BNBs go straight to the BNB reward pool in the Earn BNB feature.

This feature prevents pump-dump-exist whales because they can destroy the project.

Zero-Balance Punishment

What is Zero Balance?

When you sell all of your $MWX and your balance = 0.

Then you continue to buy $MWX again. Your next collectable date will be extended over 50 years.

Good luck and your children can collect your BNB for you!

What should I do?

If you still want to collect BNB, you can transfer your $MWX to another wallet.

Then you can collect your BNB normally without waiting for over 50 years.

Remember you will be charged 10% when transfer between wallet.

Furthermore, whales who make a transfer (between 2 wallets) that is larger than 1% of the total supply will be charged for 1 BNB. These BNBs go straight to the BNB reward pool in the Earn BNB feature.

Charities Collection

Charities BNB Collection

After rolling out the first testnet, we recognize that top $MWX holders have more advantages when collecting BNB than others. Following the philosophy of building a pure community-driven project. We introduce a new charities feature.