SantaCoin cryptocurrency is a fork of EvergrowCoin that rewards its users with $BUSD, a cryptocurrency that is pegged one-to-one with the US dollar, as opposed to other cryptocurrencies. Due to the significance of this single feature, SantaCoin is considered to be the most promising cryptocurrency among all others.
SantaCoin's anti-Whale system discourages whales by limiting the amount of money that can be sold to a maximum of 0.2 percent of the circulating supply of the cryptocurrency. Holders of Santacoin will be rewarded in Binance Pegged BUSD, which is a first in the history of cryptocurrency and the first time in the world.
We wanted SANTA to be entertaining and simple to use. It is just too complex for many people to trade in the respective meme coins while using Bitcoin, Bitcoin Cash, and Bitcoin Gold.
We wanted everyone to get involved and forget about the technical aspects of the project altogether. As a result, we eliminate all of the time-consuming trade procedures and give you with a dependable storage option.
What is Santa Coin ($SANTA) and how does it work?
SANTA Coin is the only meme that has any sort of practical application. It was built on top of the Cardano blockchain, which ensures that it is secure and resistant to fluctuations in the market. Our blockchain is accessible to everyone because to its one-of-a-kind code, which is based on block template principles.
It is the social aim of Santacoin, a cryptocurrency with the goal of spreading holiday cheer throughout the Blockchain community. Aiming to embody the Christmas spirit of giving, the project urges its users to be empathetic, loving, and generous towards one another.
In exchange for Santa coin, its holders receive Evergrow dollar (BUSD), a stable cryptocurrency that is pegged one-to-one with the United States dollar.
The mission of SANTA Coin is to make blockchain technology more relatable to the general public. Blockchain technology is complex, and as a result, it can be difficult to describe without seeming like you're speaking a foreign language.
$ SANTA simplifies things that are difficult to understand. And this enables us to engage with a greater number of people, even those who were previously unable to devote sufficient time to the subject matter.
The Benefits of the Santa Coin
Investors' incentives are worth 8 percent, while liquidity charges are worth 2 percent. 3 percent BuyBack Plus Burning is included in the price. Promotional Portfolio accounts for one percent of total portfolio. Holding incentives are awarded in BUSD, rather than Santa Tokens, as previously stated. This is a significant shift. As a result, the longer you keep your BUSD, the more and more BUSD you receive. It is possible to sell a total of 0.2 percent of the coin. Owners of Santacoin will be rewarded in Blockchain PeggedBUSD, which will be the first of its kind in the history of cryptocurrencies. Santa Coin will be used in the upcoming Play-to-Earn Sports Santa application and the upcoming Santa F1 strategy game to provide a new framework for electronic possession and participation.
What is the most efficient method of acquiring the Santa cryptocurrency coin?
It would be in the process of building a new Defi tokenomics protocol at the time of publication.
Whether it is a sale or a purchase, every transaction in the Santa digital currency incurs a fee in this section.
Specifically, the funds will be utilised to fund cost-effective options such as manual and automatic buybacks while also facilitating the provision of liquidity to decentralised markets.
What it Is and How it Works
All right, let's get to the bit you're most interested in learning about: how can I make BUSD by holding SANTA? The process is rather straightforward. In the same way that you are familiar with the Binance Pegged BNB, it is likely that you are also familiar with the concepts of "reflection token" and "stable coin." Santa Coin is, in essence, what it is named after.
It is a reflection token, as the name suggests. However, unlike other cryptocurrencies that have come before it, Santa Coin provides more than just a mirror of the value of Bitcoin.
A reflection value does not entitle the holder to any further privileges within the scheme, contrary to what Santa Coin has stated (outlined below).
For as long as you hold SANTA, you will get a monthly BUSD dividend in an amount equivalent to the percentage of total BUSD supply held by SANTA holders.
This means that if 10 percent of the SANTA in circulation is held by individuals, then 10 percent of the entire BUSD supply will be earned by all of the holders of this currency.
What is the benefit of using Santa Coin?
Anti-Whale Defense System
This is a straightforward and clear strategy for discouraging whales. No sales amounts more than 0.125 percent of the entire supply are possible at any time due to the contract structure we have in place.
So even if you opt to purchase 94.443 percent of the supply immediately, you'll still only have 1.957 percent of the total supply.
BuyBacks on a number of occasions
Santa Coin is a digital currency and payment system that was developed and is maintained by Santa Coin Limited, which is a wholly owned and operated subsidiary of Santa Coin.
This coin's primary function is to protect Buy-Back Reserve and Guest Reserve funds while also ensuring that you receive outstanding customer service.
The best part is that we will buy back your Guest Reserve at a rate of 3 percent.
The Liquidity Pool is a collection of liquid assets.
In order to encourage users to hold SCCs, Santa Coin has introduced a reward-based token, which helps to create an appropriate trading environment for Pancake Swaps.
When you invest in Santa Coin, you are compensated for your contribution to market liquidty.
On a technical level, PancakeSwap receives a 2 percent commission on every transaction that results in liquidity.
Our smart contract deposits 2 percent of every buy/sell transaction as $Santa Coin and $BNB into a liquidity pool, which is then used to fund other transactions.
Reflexions on the BUSD
BUSD is a Binance token that is tied to the United States Dollar (USD). It's contentious, and it's had its ups and downs when it first came out.
It does not appear to be going away any time soon, maybe as a result of its unique structure, which allows holders to collect automatic BUSD incentives simply by hanging onto their $Santa Coin.
What is the process for purchasing SANTA on Trust wallet?
Make sure you have "BNB Smart Chain Coins" in your Wallet; if you don't, you'll need to convert "BNB" into "BNB Smart Chain Coins" first.
(If you don't have any, you can use MoonPay, Coinbase, or another similar service.) Alternatively, you can purchase first in XLM, then convert to BNB and deposit to your wallet.
Log onto the website PancakeSwap.com (click on "Dapps" at the bottom of your smartphone's screen, then search for "PancakeSwap" and click on it).
Note that certain gadgets will prevent you from visiting this site; however, you may use your computer to make things easier for yourself.)
Select "connect wallet" from the drop-down menu in the upper right corner.
Verify that the "Smart chain network" option, located at the top of the displays, is selected and activated.
It will be represented with a symbol.
Setting your slippage to 17 percent (by clicking on the gear button) is the next step.
Your total purchase price will be increased by a 14 percent buyers fee, which will be distributed as follows: Holders will receive an 8 percent bonus on their investment.
3 percent buyback + a 3 percent burn Liquidity Fees are 2 percent of the total. 1% of the population Marketing by Walle
In the first field, enter the amount of BNB that you desire to trade.
Select "SANTA" as the target currency in the second field of the wizard.
You can manually enter the contract ID and name it "SANTA" if you are unable to locate SANTA.
The contract ID is 0x4F1A6FC6A7B65Dc7ebC4EB692Dc3641bE997c2F2.
The contract ID is 0x4F1A6FC6A7B65Dc7ebC4EB692Dc3641bE997c2F2.
As a result, it should be able to locate it and display it in the second field presently.
Press the button to turn it on, then confirm on the following screen until it is accepted.
Verify that your transaction was successful by visiting the bscscan.com website.
At the conclusion of this procedure, the bscscan-link to your transaction will often appear in your wallet for a few seconds before disappearing again completely.
It can be selected by clicking on it.
Closing
You won't have to be concerned about the safety of your funds.
Smart contracts are used to store all of the funds.
Custodians are unable to access them even if they desire to do so, and they are unwilling to do so because there is no motivation for them to do so.
The system is totally at your disposal.
And Santa Coin is much more than just a safe place to save your money.
$Santa Coin is created for every transaction that results in a 2 percent conversion of the cryptocurrency volume/value into dollars (you can store it or convert back to fiat currency at any time).
This provides you with complete liquidity in the cryptocurrency markets, as well as the possibility of gains in the value of both currencies.
FORE MORE INFORMATION
https://twitter.com/Santa_Coins
https://medium.com/@santa.coin
Bitcointalk Username: rosikin
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