Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
BEETroot news
About BEETroot
BEETroot Privacy Hub has created and put together the best cryptocurrency tools and dapps that enable anonymity and maintain self-custody whilst swapping across chains, bridging and ramping to and from fiat.
Crypto has strayed far from its origins, BEETroot helps you get back to basics doing crypto the right way, as it was originally intended. Stay anonymous, stay private and stay in control.
BEET is an immutable and deflationary reflection token on the PulseChain network. Fees from the BEETroot suite of tools are used to buy & burn BEET, creating ongoing and increasing buy pressure while deflating supply.
BEET:
Published and verified contract, liquidity locked with Team Finance, Ownership renounced - No Admin Keys, details at https://www.beetroot.world/beet
Black Hole:
1.8 billion of the initial supply was sent to the official burn address to create a giant black hole, which attracts the reflections and sucks up supply in a disproportionate measure. See it as an eternally & provably locked friendly OA in reverse, the benefits without the keys and risk.
The black hole will keep growing and accelerating deflation, both from reflections and ever bigger buy & burns as the exchange grows.
This enables a super small transaction tax of only 2% in total to make a huge impact on deflation, combined with the buy & burns.
Rewards:
Hodlers are rewarded by way of auto reflections from the 2% transaction tax, simply by holding BEET in their wallet. No staking is required, your balance will increase in real time from all global BEET trades on the dex, while the total supply deflates.
Buy & Burn:
Fees from exchanges and swaps are used to buy back & burn BEET at random times so the buy pumps can't be gamed. This creates ongoing & increasing long term buy pressure from it's own protocol. A self feeding cycle that will trigger further buying from the wider market, all while reducing supply on the burn.
Deflationary:
In addition, there is the black hole sucking ever larger amounts of supply from its share of both the reflections & the buy back & burns, forever growing & accelerating deflation.
What is BEETroot?
BEETroot represents a multifaceted approach within the cryptocurrency ecosystem, focusing on privacy, self-custody, and cross-chain transactions. It is designed to facilitate anonymous transactions and enable users to maintain control over their assets while engaging in activities such as swapping across different blockchain networks and converting between cryptocurrencies and fiat currencies. This platform is built on the PulseChain network, emphasizing its commitment to creating a secure and user-friendly environment for its users.
The core of BEETroot's offering is its status as a reflection token, which is both immutable and deflationary. This means that the token's supply decreases over time, a feature aimed at increasing its scarcity and potentially its value. The platform employs a unique mechanism known as the "black hole," which contributes to the deflationary nature of the token by permanently removing a portion of the supply from circulation. This is achieved through a process where transaction fees are used to purchase and then "burn" tokens, effectively reducing the total supply available.
An interesting aspect of BEETroot is its reward system, which benefits holders of the token through auto reflections. This system redistributes a portion of transaction taxes back to the token holders, allowing their holdings to grow over time without the need for active staking. The transaction tax is set at a relatively low rate, ensuring that the impact on users is minimal while still contributing to the token's deflationary mechanism.
The platform's commitment to privacy and self-custody is a nod to the original principles of cryptocurrency, offering tools and decentralized applications (dApps) that prioritize user anonymity and control. BEETroot's approach to cryptocurrency transactions and its innovative use of deflationary mechanisms and rewards systems reflect its ambition to offer a comprehensive solution for users looking to engage with the digital currency space in a secure and private manner.
It's important for individuals to conduct thorough research and consider their own financial situation before engaging with any cryptocurrency, including BEETroot. The dynamic and evolving nature of the crypto market requires a cautious approach to investment and participation.
How is BEETroot secured?
BEETroot employs a multifaceted approach to ensure its security and maintain the integrity of its network. At the core of its security measures is the commitment to anonymity and self-custody, empowering users to manage their assets without compromising their privacy. This is achieved through the development and deployment of decentralized applications (dapps) that facilitate secure, anonymous transactions across different blockchain networks, as well as enabling seamless conversion between cryptocurrencies and fiat currencies.
To further bolster its security, BEETroot has achieved ISO/IEC 27001 certification, a globally recognized standard that specifies the requirements for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). This certification demonstrates BEETroot's dedication to upholding the highest standards of data security and privacy.
In addition to these security measures, BEETroot incorporates deflationary mechanisms to enhance the value and stability of its token. These include a buy & burn strategy, where a portion of the fees collected from the suite of tools and services offered by BEETroot is used to purchase and permanently remove tokens from circulation. This not only reduces the overall supply of tokens but also creates upward pressure on the token's value.
The platform also features a unique "black hole" mechanism, where a significant initial supply of tokens is sent to an official burn address. This acts as a deflationary force, absorbing a portion of the transaction fees and reflections, thereby accelerating the reduction of the token's supply over time.
Holders of the BEET token are rewarded through auto reflections, a process where a small transaction tax is distributed among all token holders in real time. This incentivizes holding and contributes to the deflationary nature of the token by distributing rewards based on the volume of transactions.
It's important for potential investors to conduct thorough research and consider the inherent risks before engaging with any cryptocurrency.
How will BEETroot be used?
BEETroot serves multiple functions within the cryptocurrency ecosystem, focusing on enhancing privacy, ensuring self-custody of assets, and implementing deflationary mechanisms to support its value over time. It is designed to facilitate anonymous transactions, allowing users to maintain privacy while swapping across different blockchain networks or when converting between cryptocurrencies and fiat currencies. This emphasis on anonymity and self-custody aligns with the foundational principles of the cryptocurrency movement, offering users the means to operate without revealing their identity, in contrast to traditional financial systems.
The BEETroot ecosystem incorporates a suite of tools and decentralized applications (dapps) that support these privacy-centric transactions. These tools are integral for users who prioritize staying anonymous and retaining control over their digital assets without intermediaries.
BEETroot operates on the PulseChain network, characterized by its immutable and deflationary token model. The tokenomics include a mechanism where transaction fees contribute to a buy and burn strategy. This not only reduces the overall supply of the token, creating deflationary pressure, but also potentially enhances its value over time due to decreased availability.
A significant portion of BEETroot's initial supply was allocated to a "black hole" burn address. This mechanism is designed to continuously absorb a portion of transaction reflections and buy and burn activities, further accelerating the deflationary aspect of the token. The black hole concept ensures that as the ecosystem grows and more transactions occur, a larger amount of the token is permanently removed from circulation.
For token holders, BEETroot offers rewards through auto reflections. A small transaction tax is distributed among all holders, allowing their balances to grow over time simply by holding the token. This feature encourages long-term holding and contributes to the stability of the token's ecosystem.
In summary, BEETroot is utilized within its ecosystem to provide privacy and self-custody in transactions, to serve as a deflationary asset through strategic buy and burn mechanisms, and to reward its holders with auto reflections. Its design and functionality cater to users seeking to engage with the cryptocurrency world in a manner that prioritizes anonymity, control, and long-term value.
What key events have there been for BEETroot?
BEETroot has marked its presence in the cryptocurrency landscape through a series of significant developments aimed at enhancing privacy, security, and value for its users. A pivotal moment was the establishment of the BEETroot Privacy Hub, a platform dedicated to assembling the finest tools and decentralized applications (dApps) that promote anonymity and enable users to maintain self-custody during cryptocurrency transactions. This initiative underscores BEETroot's commitment to preserving the foundational principles of cryptocurrency by ensuring users' transactions remain private, secure, and under their control.
Another noteworthy event was the launch of the BEET token on the PulseChain network, a strategic move that leverages the network's capabilities to offer an immutable and deflationary reflection token. This launch was complemented by the implementation of a black hole feature, designed to significantly accelerate the deflationary process of the BEET token by permanently removing a portion of the supply from circulation. Initially, 1.8 billion tokens were sent to an official burn address, creating a mechanism that continuously absorbs a share of transaction reflections and buy & burn activities, thereby reducing the total supply and potentially increasing the token's value over time.
The BEET tokenomics include a modest transaction tax of 2%, which is strategically utilized to reward holders through auto reflections, thereby increasing their holdings without the need for staking. Additionally, a portion of the fees generated from the suite of BEETroot tools is allocated to periodically buy back and burn BEET tokens. This creates a self-sustaining cycle of buying pressure and supply reduction, further supporting the token's deflationary nature.
These initiatives reflect BEETroot's dedication to creating a robust ecosystem that not only prioritizes user privacy and control but also seeks to enhance the intrinsic value of the BEET token through innovative deflationary mechanisms and rewards for its holders.
The live BEETroot price today is $0.000004 USD with a 24-hour trading volume of not available. We update our BEET to USD price in real-time. BEETroot has no change in the last 24 hours. The current CoinMarketCap ranking is #9375, with a live market cap of not available. The circulating supply is not available and a max. supply of 7,120,370,007 BEET coins.