LUV Coin Protocol
Static Rewards, LP Acquisition, Manual Burn
LUV Coin is the crypto solution to ending the disease of hate by holding (HODL) LUV. In the past billions have been donated to various causes to end hate and racial inequality but the people suffering from these injustices daily never see these donations. Recently in 2020 $5 billion was donated towards racial equality that has gone missing because no one knows how to access these donations. A known misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. LUV Coin ensures that you won't get caught up in a high APY LP-farming trap, which only ushers higher staking rewards to early buyers. Don't fall for the golden 6 digit figure up and under pump fake. We are currently seeing coins suffer from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This is why LUV Coin uses static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.
Static rewards solve a large amount of problems. First, the reward amount is conditional upon the volume of the token being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s. Second, the reflect mechanism encourages holders to hang onto their tokens to amass higher kick-backs which are based upon a percentages carried out and dependant upon the total tokens held by the owner.
A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the automatically burn and the amounts can be advertised and tracked. LUV Coin aims to implement a burn strategy that is beneficial and rewarding for those engaged to end hate for the long term. Furthermore, the total number of $LUV burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
Automatic Liquidity Pool (LP)
Automatic LP is the secret sauce of $LUV. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor. Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of $LUV as a reward for the holders. In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply. As the $LUV token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function. All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection tokens. We are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons.
LUV Coin Protocol
LUV Coin employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.
5% fee = redistributed to all existing holders
5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the LUV Coins are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.
Step by step plan to ensure 100% safety.
Dev burned all tokens in
Dev Wallet prior to launch
Fair launch on DxSale
LP locked on DxLocker for 4 years
LP generated with every trade and
locked on Pancake