Hello Friends, i am here again to tell you about an amazing project, as you all know that i blog about selected projects in other to make your investments worthwhile.
it is worthy of note to revive your mind to the emergence of blockchain in our world of today like i always do, then talk about the uniqueness of the project.
take a moment to read my publication and do not be afraid to invest in the project because profit is guaranteed.
Now to the usual ice breaker
In a fast paced and rapidly changing world of cryptocurrency, it is important for cryptocurrency owners, investors, analyst and everyone in the cryptocurrency space to be kept abreast of current trends, innovations and analysis. Absolute control over information is an herculean task if not nearly impossible, there is increased risk of harsh user experience in the world of cryptocurrency and a rapidly advancing technology such as blockchain.
In a world of hackers, fraudsters and individuals who seek to take advantage of other people’s naivety, it is important to have access to tools, data, analysis and information to keep one up to date of current event happening in the everyday crypto space. Information is power, with the right tools, you are indomitable. But gathering these information from various sources proved to be a time sapping and effort consuming task. A perfect solution would be to have an ecosystem which provides these tools to everyone ranging from investors to cryptocurrency experts or people who are newly venturing into the crypto world in one giant platform and this is where CETO comes in
CETO is a new financial ecosystem that introduces a fair and profitable concept, Utilizing the Tron Blockchain Technology creates a new system that is more efficient and cheaper than using ethereum, a framework designed to provide a new, modified financial system for the long term, Compared to the current DeFi system This is used and is prone to various things such as rug pull, change owners, etc, CETO uses audited source code on a smart contract with a Hourglass Contract, it is a fair contract concept for all parties, early holders will get more profit when successful hold tokens and get a penalty when withdrawing too early but the penalty is distributed to other Token Holders, creating a win-win solution for all and of course a long term investment option.
IT offers a new concept that is a solution for this with a cycle of framework that is resistant to this, Early Adopters / Holders cannot withdraw to make a sale because there is time. -span that needs to be fulfilled and when it cannot be fulfilled will be subject to a penalty fee, a stable increment between the Buy & Sell value will provide transparency in volume and increase demand over time. Users can get dividends in a simple way with just a few steps without the need for a complicated process and the Reinvest feature which makes the process automatic. Each holder needs to hold their assets for 30 days to get 100% incentives and in the table below you can see the Incentive System which suppresses the inflation rate in their system.
It will reduce the inflation rate and benefit various parties in the ecosystem as well as increase demand, eliminate pump & dump and transparent volume.
The 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.
The 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.
About The 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.
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.
Why 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.
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.
in Conclusion
Ceto 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.
For more information, please visit the links below:
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: Maniecool
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1692995
Telegram: @maniecool_XRM
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