Crystal Elephant Token: The hourglass that lasts. Be the Elephant in the Room.
#TRX #Tron #DeFi $CETO
TRON… is good
Today the platform is best known for its transaction speeds and its lively CEO. Specifically, the platform is capable of 2000 transactions per second. This performance puts TRX on par with major payment processors such as PayPal. Best of all, TRON has zero transaction fees.
Tron, being one of the most surging cryptos, it has very good potential to grow in the market. Tron ranked 56th a few months back, but now it has secured the 13th position according to CoinMarketCap. As Tron is being emerged from Ethereum, there are good possibilities for it to reach 0.4 USD in the coming 5-8 months.
Hello, CETO
Trade TRX for tokens. The more TRX in-contract, the more valuable your tokens. Pay your taxes (10% per transaction) and watch the dividends roll in while you Hold On for Dear Life.The key here is PATIENCE: there are withdrawal penalties without it. After 30 days, you’re eligible to extract 100% of your deposit. But before then? Learn to live with much, much less.
Goal:
Create a decentralized, autonomous, revenue-producing digital token that gets stronger as you hold longer, counter to the boom-bust lifecycles of cloned hourglass-style contracts.
How It Works:
The basic structure for the Crystal Elephant Token (CETO) contract will come from a clone of the well-vetted and audited P3D open-source contract – also known as an hourglass contract – with modifications made to incentivize longevity. Tokenholder is encouraged to hold tokens for 30 days+ or suffer a sliding scale of penalties for early withdrawal. Penalties are added to the transaction fee and distributed to other tokenholders.
Process:
Exchange Tron (TRX) for tokens that rise or fall algorithmically with every sale. Ten percent of funds from every transaction – deposited, withdrawn, or transferred – are taxed and proportionally distributed to all tokenholders as dividends. Penalties as high as 75% will be assessed for those who withdraw before 30 days.
STRUCTURE
Most hourglass contracts suffer from pump-and-dumps – early adopters/users getting in early and withdrawing their funds later at the same time – thus endangering their lifecycles. CETO offers strength through consistency.
Strength:
Exchange TRX for CETO, which rise and fall in TRX value with every purchase or sale of tokens.
It’s a bit complicated and very math-based – bear with us. Each token bought goes up incrementally more than the token before it. If our initial token price starts at 0.001 TRX, the increment goes up by 0.0001 TRX for each additional token.
A 5 CETO buy would look something like this:
● CETO1 = .001/TRX
● CETO2 = .00110/TRX
● CETO3 = .00120/TRX
● CETO4 = .00130/TRX
● CETO5 = .00140/TRX
(minus 10% transaction fee)
● Total: 5 CETO = 0.054 TRX
The same principle applies to selling CETO, only -0.0001 TRX for each incremental token sold.
Every transaction (buy, sell, transfer to another tokenholder) is taxed 10%, the proceeds of which are distributed to other CETO tokenholders as dividends. Your exchange of TRX for CETO (principal) is incentivized to be staked in the smart contract platform for 30 days, collecting dividends proportional to your percentage of overall token supply from all other transactions the entire time.
Dividends are free to withdraw at any time. Just like the P3D contract, dividends are free to withdraw without a fee. However, if a tokenholder wants to compound their principal to receive a greater share of dividends, they may reinvest their dividends into the contract (less 10% transaction fee), thus setting another 30 day incentive to keep the dividend amount in-contract.
Auto-reinvest! Just set it and forget it: Let the Jungle do all the work. If you want to reinvest your dividends every 24 hours, just tick a box, confirm, the contract will automatically reinvest all dividends in excess of its 5 TRX transaction fee, and go live your life! This unique feature makes it easier – and faster – than ever to build your value in the CETO contract. Feel free to stop it at any time.
Transfers are treated the same as a sale: early withdrawal penalties apply, as does the 10% transaction fee. The transferred tokens are treated as new principal, and are subject to the same 30-day penalty system for the recipient.
CETO is even future-proofed! As CETO is a standard TRC-20 token, fellow Elephants can build their own jungles using our tokens’ unique properties, while also sharing and contributing to the contract’s dividend pool. More dApps = more divs. Your only limit is your imagination!
Wisdom:
In addition to cryptocurrency price fluctuations, the tokenholder is incentivized to keep their CETO for at least 30 days.
Withdrawals of principal are as follows:
● sell between 0-9 days (0-864,000 seconds), lose 75% of its value
● sell between 10-19 days (864,001-1,728,000 seconds), lose 50% of its value
● sell between 20-29 days (1,728,001-2,592,000 seconds), lose 25% of its value
● sell on or after 30 days, you receive 100% of your principal value
The early withdrawal penalties are combined with the standard 10% transaction fee and distributed to tokenholders as dividends.
Loyalty:
Patience is a virtue. In addition to earning dividends on principal, the more TRX in the contract, the more TRX value of your CETO tokens.
When tokenholders’ 30 days are up and they inevitably withdraw some of their principal, it pays to take profit but leave principal. Always there will be daily waves of tokenholders cashing out, creating even more dividends once their 30 days are up.
EXAMPLES
Crystal Elephant is the hourglass that lasts. But what does that look like in action?
Much like commercial food service, CETO operates on the FIFO system: first in, first out. If you make a deposit Day 1 and then redeposit or reinvest your dividends on Day 15, then only the amount you deposited on Day 1 will be 100% available to withdraw after 30 days.
Example 1 (no dividends, no contract growth, no currency fluctuations – UNLIKELY):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO.
● Balance: 42,341 CETO/89,993 TRX (25% available to withdraw = 10,585 CETO/ 30,230 TRX)
2. Day 11:
● Balance: 42,341 CETO/89,993 TRX (50% available to withdraw = 21,171 CETO/ 50,479 TRX)
3. Day 21:
● Balance: 42,341 CETO/89,993 TRX (75% available to withdraw = 31,756 CETO/ 70,727 TRX)
4. Day 31:
● Balance: 42,341 CETO/90,976 TRX (100% available to withdraw = 42,341 CETO/90,976 TRX)
● Exchange 42,341 CETO for 90,976 TRX.
● Less 10% transaction fee.
● Total: 81,878 TRX
Example 2 (no dividends, no contract growth, currency fluctuations – LESS LIKELY):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO. TRX = $0.03 USD Starting value = $3000.
● Balance: 42,341 CETO/89,993 TRX (25% available to withdraw = 10,585 CETO/ 30,230 TRX);
● $2,700 wallet value, $907 withdrawal value.
2. Day 11:
● Balance: 42,341 CETO/89,993 TRX (50% available to withdraw = 21,171 CETO/ 50,479 TRX), TRX = $0.0275 USD.
● $2475 wallet value, $1388 withdrawal value.
3. Day 21:
● Balance: 42,341 CETO/89,993 TRX (75% available to withdraw = 31,756 CETO/ 70,727 TRX), TRX = $0.033 USD.
● $2970 wallet value, $2334 withdrawal value.
4. Day 31:
● Balance: 42,341 CETO/90,976 TRX (100% available to withdraw = 42,341 CETO/90,976 TRX), TRX = $0.0375 USD. $3412 wallet value, $3412 withdrawal value.
● Exchange 42,341 CETO for 90,976 TRX. Less 10% transaction fee.
● Total: 81,878 TRX, $3070
Example 3 (dividends, no withdrawals, contract growth, currency fluctuations – LIKELY):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO. Less 10% transaction fee. TRX = $0.03 USD. Starting value = $3000.
● Balance: 42,341 CETO/91,606 TRX (25% available to withdraw = 10,585 CETO/ 30,772 TRX);
● Dividend Balance: 10,160 TRX. $2,748 wallet value, $923 withdrawal value.
2. Day 11:
● Assume 0.2% daily token dividend rate for 11,976 TRX. (current CETO price = 2.55 TRX)
● Balance: 42,341 CETO/108,018 TRX (50% available to withdraw = 21,171 CETO/ 60,585 TRX)
● Dividend Balance: 11,976 TRX. TRX = $0.0275 USD. $2971 wallet value, $329 dividend value, $1666 withdrawal value.
3. Day 21:
● Assume 0.2% daily token dividend rate for 14,117 TRX. (current CETO price = 3.01 TRX)
● Balance: 42,341 CETO/127,368 TRX (75% available to withdraw = 31,756 CETO/ 100,090 TRX)
● Dividend Balance: 14,117 TRX. TRX = $0.033 USD. $4,203 wallet value, $466 dividend value, $3303 withdrawal value.
4. Day 31:
● Assume 0.2% daily token dividend rate for 16,639 TRX. (current CETO price = 3.55 TRX)
● Balance: 42,341 CETO/150,177 TRX (100% available to withdraw = 42,341 CETO/150,177 TRX)
● Dividend Balance: 16,639 CETO/XX TRX. TRX = $0.0375 USD. $5,632 wallet value, $624 dividend value, $5,632 withdrawal value.
● Exchange 42,341 CETO + dividends for 166,816 TRX. Less 10% transaction fee.
● Total Withdrawal: 166,816 TRX, $6,256
Example 4 (dividends, withdrawals, redeposits, currency fluctuations – PROBABLE):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO. Less 10% transaction fee + dividends reinvested. TRX = $0.03 USD. Starting value = $3000.
● Balance: 44,426 CETO/100,749 TRX (25% available to withdraw = 11,107 CETO/ 34,335 TRX);
● Dividend Balance: 1,005 TRX. $3,023 wallet value, $1030 withdrawal value.
2. Day 12 (reinvested daily for 11 days):
● Assume 0.2% daily token dividend rate for 269 TRX. (current CETO price = 2.8 TRX) Reinvest 269 TRX. Less 10% transaction fee.
● Balance: 45,148 CETO/126,297 TRX (50% available to withdraw = 22,574 CETO/ 63,149 TRX).
● Dividend Balance: 0. TRX = $0.0275 USD. $3473 wallet value, $0 dividend value, $1737 withdrawal value.
3. Day 22 (alternated daily reinvestment and withdrawal for 10 days):
● Assume 0.2% daily token dividend rate for 295 TRX. (current CETO price = 3.35 TRX) Withdraw 295 TRX.
● Balance: 45,330 CETO/151,878 TRX (75% of 33,998 CETO/113,909 TRX available to withdraw)
● Dividend Balance: 0. TRX = $0.033 USD. $5012 wallet value, $0 dividend value, $3759 withdrawal value, $10 withdrawn
4. Day 31 (daily withdrawals for 10 days):
● Assume 0.2% daily token dividend rate for 346 TRX. (current CETO price = 3.35 TRX) Withdraw 346 TRX.
● Balance: 45,330 CETO/178,174 TRX (100% of 45,330 CETO/180,823 TRX available to withdraw)
● Dividend Balance: 0. TRX = $0.0375 USD. $6,682 wallet value, $0 dividend value, $6,781 withdrawal value, $175 withdrawn.
● Exchange 45,330 CETO for 180,823 TRX. Less 10% transaction fee.
● Total Withdrawal: 162,741 TRX, $6,103
● Total Earnings: 167,400 TRX, $6,278 USD
FREQUENTLY ASKED QUESTIONS (FAQ)
Can I make money with CETO?
Sure, why not? Through exchanging TRX for CETO, you can earn in several ways:
● receiving dividends from transaction fees
● increase in price of TRX
● increase in price of CETO, due to the amount of TRX in the contract
● receiving dividends through referral fees
Are you guaranteed to make money? Of course not! Only fools and liars make guarantees – we’re Elephants.
Is CETO a security?
No. Because of the autonomous, decentralized nature of the CETO contract, CETO should not be considered as a security. We don’t control how the CETO contract works after it has launched (so read our open-source contract, boys and girls). We have to buy CETO at the same price as everyone else at the same time as everyone else. The CETO smart contract does not offer or promise a rate of return – it is for entertainment purposes only. And don’t look to us for financial advice – we’re Elephants!
WHY CETO?
Why not CETO?
The basic structure for the CETO contract comes from the well-proven, hourglass-style Proof of Weak Hands 3D open-source contract. P3D is a revolutionary economic model currently playing out on the Ethereum blockchain. The P3D smart contract has handled over 581K ETH (~$167M USD on average $287.95 USD/ETH) between February 16-December 29, 2019, with 58K ETH ($16.7M) paid out through the smart contract. Open-sourced and peer-reviewed for security, the P3D smart contract handles everything automatically, trustlessly, without human interference or manipulation: code is law.
GETTING STARTED
● If necessary, create a Tronlink or other compatible web wallet
● Acquire TRX. If needing to use a fiat-to-crypto exchange, we recommend Bittrex or Atomic Wallet
● Transfer TRX (or restore your Tron wallet address) to your Tronlink wallet
● Create an account
● The CETO contract will connect with your Tronlink wallet
● Exchange TRX for CETO
● Enjoy receiving dividends
● Create and share your referral link for more dividends
● Hold more than 100 CETO in your wallet and create your own custom referral link to share with others
CASHING OUT
● Sell CETO for TRX
● Withdraw accumulated TRX (including dividends) to Tronlink/web wallet
● Send TRX to external exchange to trade for fiat currency
RIDE WITH PRIDE
If you’ve made it this far, give yourself a hand. You are ready to enjoy one of the most innovative and proven decentralized app economic models with built-in sustainability.
Remember: Elephants are smart. Bailing before 30 days is dumb. Get your full value PLUS dividends – and hold on for the ride.
For more information on CETO’s future project – Crystal Elephant Token, join our Social Media channels:
Website: https://crystalelephant.net/
Telegram Official Group: https://t.me/CETOofficial & channel: https://t.me/cetoken
Whitepaper: https://crystalelephant.net/whitepaper
Twitter: https://twitter.com/cetoken
YouTube: https://www.youtube.com/channel/UCNRN6hw26z6TGWiZpAk5XXQ
AUTHOR:
Bitcointalk UserName : Wong linglong3
Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=1229230
Telegram Username : @Wonglinglong
Tron Wallet: TRwyRy9pY5v3xSJvgYUdYjQkcVLACym4WV
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