$PICK
The official Pick Trade token is $PICK. It is a deflationary token launched on the Solana blockchain and serves multiple purposes.
Characteristics
$PICK is deployed as a fairlaunch token with no tax fees. Both the total supply and circulating supply remain unchanged at launch, ensuring that the market cap is equal to the fully diluted value. However, a deflationary system has been established to reduce the supply over time, increasing the rarity and value of each token held by users.
The deflationary mechanism operates in conjunction with the treasury, which grows over time and enables the Pick Trade team to continuously buy back $PICK and burn a portion of it.
Utility
Since Pick.trade is a gamified dApp, there needs to be a main currency at the core of the platform to power the gamified features and rewards system.
$PICK is used to leverage these gamified features and is also distributed as an incentive for users and token creators. The more users interact on Pick Trade, the more points they earn, allowing them to unlock exclusive perks and additional $PICK tokens.
Tokenomics
Since $PICK is launched as a fairlaunch, no supply is held or locked to support the model promoted by the platform. Nearly all the supply is liquid at launch and remains tradable. However, the team is securing 30% of the supply for the following purposes:
Establishing an initial treasury
Airdrop
CEX listings
Additionally, the treasury is consistently funded through revenue from platform fees, premiums from boosts and advertising tokens and donation fees from live-streamed videos. 10% of this treasury is used to continuously buy back $PICK, with 5% of that amount being burned.
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