Initially, Reesykle launched with a maximum supply of 500 trillion tokens. After a malicious hacker exploited a vulnerability in their system on December 6th, 2021, they decided to relaunch a new and improved token with a maximum supply of 2 quadrillions under a new symbol ($SYCLE). The new $SYCLE token has a built-in auto-liquidity and buyback feature designed to help increase the value of the $SYCLE token on every buy and sell.
Who Are the Founders of Reesykle?
Reesykle is the brainchild of Cedric and Robert, both of whom have an extensive background in financial systems, database architecture, and project management. Cedric and Robert met on an online forum and quickly learned that they shared a similar vision for the world they wanted to live in and build for future generations. Cedric and Robert's names are aliases used to mask their real identities due to security and privacy concerns.
Where Can I Buy SYCLE Tokens?
Reesykle will launch the pre-sale of its new token $SYCLE soon.
What Is Reesykle (SYCLE)
Reesykle is a crypto-based ecosystem designed to enrich the environment and its holders. We enrich the environment and our holders by taxing each transaction. Reesykle collects a 1% tax on every transaction to fund its environmental causes, such as planting trees and donating to environmental causes. Reesykle also taxes another 4% on every transaction to distribute it to holders as rewards/dividends. So far, Reesykle has planted over 3,000 trees and removed more than 100 tons of carbon from the atmosphere.
Tokenomics
Reesykle is not just eco-friendly. It is also rewarding. Here is what happens under the hood of every transaction:
4% distributed to holders on every transaction.
4% added to liquidity to ensure steady and healthy growth.
3% used to buyback $SYCLE tokens, thus increasing the worth of the $SYCLE token.