🤑What does it do?
$SOAK is a rewards token that rewards holders with wstETH, a variation of ETH that earns a 3.8% yield. There’s no buy tax, all team tokens are vested, there's a 1-year lock, as well as a dynamic sell structure that promotes healthy price action. All sell taxes are routed directly to holders, truly making this a public revenue-sharing initiative.
Honestly, the first of its kind, the original blockchain hedge fund.
$SOAK's smart contract computes the sell pressure in order to adjust the sell tax to favor a healthy chart. In a given sell pressure window, the sell tax can go up to 30%. The purpose of this mechanism is to develop a healthy uptrend in price action and reward long-term positions. $SOAK holders will benefit by holding by receiving $wstETH rewards (the yield that yields).
Power to the people
Another element that sets $SOAK apart from the rest of the competition is the revenue sharing nature of the project.
Team tokens are vested -> This means the team even if they wanted to (and trust me, we don't) have no tokens to dump and negatively affect the chart. The first unlock of tokens will be used for any necessary marketing/exchange listings, otherwise tokens will be relocked.
All taxes are routed to HOLDERS -> Every tax dollar, dividend, share and stake of this project goes back to our beloved community of diamond handed investors. Your growing investment keeps on growing, and will continue to grow; it actually compounds without the chance of pulling an $OHM. (sorry, but we ain't imploding, our protocol is sustainable)
Twitter: https://twitter.com/SoakFinance
Telegram: https://t.me/soakfinance
Website: https://www.soak.finance/
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