CETO - The Crystal Elephant Token | Strength. Wisdom. Loyalty. Be the Elephant in the Room.

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,

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering friction-less transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user.

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.

 



The Goal is to 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.

How It Works: The basic structure for the Crystal Elephant Token (CETO) contract comes 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 token.

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 Ten percent of funds from every transaction - deposited, withdrawn, or transferred - are taxed and proportionally distributed to all tokenholders as dividends.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.

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

CETO Introduces us to a new concept that may be better than DeFi, the Framework they designed eliminates the negative things that can be found on several DeFi platforms such as Rug Pulls, Change Owner, Change Contract, etc. They also use Tron Blockchain which is certainly more effective and cheaper than Ethereum, which has very high fees, CETO also uses a concept that minimizes inflation in tokens and a more transparent volume, therefore I highly recommend you to join the CETO community guys!

Dividends, withdrawals, re-funds, currency fluctuations
Day 1

  • Change 100,000 (current CETO price = 2.36 TRX) to 42,341 CETO.

  • Subtract 10% transaction fee + dividend reinvestment.

  • TRX = $0.03 USD. Starting value = $3,000

  • Balance: 44,426 CETO / 100,749 TRX (25% withdrawable = 11,107 CETO / 34,335 TRX);

  • Dividend balance: 1,005 TRX. The wallet is worth $3,023 and the withdrawal is worth $1030.

Day 12 (reinvest for 11 days every day)

  • Assume the daily token dividend rate of 269 TRX is 0.2%. (Current CETO price = 2.8 TRX).

  • Reinvest in 269 TRX. Subtract 10% of transaction fees.

  • Balance: 45,148 CETO / 126,297 TRX (50% withdrawable = 22,574 CETO / 63,149 TRX).

  • Dividend balance: 0. TRX= $0.0275 USD.

  • Wallet value of $3473, dividend value of $0, withdrawal value of $1737.

Day 22 (10 days for reinvestment and withdrawal every day):

  • Assume the daily token dividend rate of 295 TRX is 0.2%. (Current CETO price = 3.35 TRX).

  • Extract 295 TRX.

  • Balance: 45,330 CETO / 151,878 TRX (75% of the 33,998 CETO / 113,909 TRX can be withdrawn)

  • Dividend balance: 0.TRX = $0.033 USD.

  • Wallet value of $5012, dividend value of $0,

  • Withdrawal value of $ 3759, withdrawing $ 10

DAY 31 (DAILY WITHDRAWAL FOR 10 DAYS):

Assume a daily token dividend rate of 0.2% for 346 TRX. (current CETO price = 3.35 TRX).

Pull out 346 TRX.

● Balance: 45,330 CETO / 178,174 TRX (100% of 45,330 CETO / 180,823 TRX available for withdrawal) Dividends

● Balance: 0. TRX = $ 0.0375 USD.

Wallet value $ 6,682, dividend value $ 0, withdrawal value $ 6,781, withdrawal $ 175.

● Exchange 45,330 CETO for 180,823 TRX.

● Less 10% transaction fee.

Today, the platform is known for its fast transaction speed and agile CEO. Specifically, the platform is capable of 2000 transactions per second. This performance makes TRX on par with major payment processors such as PayPal. Best of all, TRON has no transaction fees.

Tron, as one of the most soaring cryptos, it has a very good potential to grow in the market. Tron was ranked 56th a few months ago, but has now secured the 13th position according to CoinMarketCap. When Tron emerges from Ethereum, there is a good chance of reaching 0.4 USD in the next 5-8 months.

Trade TRX for tokens. The more TRX in the contract, the more valuable your token will be. Pay your taxes (10% per transaction) and watch dividends flow while you Hold On for Dear Life. The key here is PATIENCE: there is a withdrawal penalty without it. After 30 days, you are eligible to extract 100% of your deposit. But before that? Learn to live with more, less.

For more information about this amazing project please visit:

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's Information

Bitcointalk Username: TosinDavid

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1180815

Telegram: @TosinDavid

TRX Wallet Address: TYmyvRigtYXGuyvDJQqVFGNcidZr5j5e92

Please share and like my post

Comments

Post a Comment

Popular posts from this blog

BETFORM - Connects blockchain technology to the real world by providing decentralized gaming network

Image
Betform is a social betting platform powered by Smart Contracts . It is a peer to peer gaming platform which involve no middleman. It connect blockchain technology to the real world by providing decentralized gaming network. All of key operations such as winning paid out, and quarterly rewards are all regulated by Smart Contracts. Betform is a new generation of online-casino betting platform powered by the blockchain technology. Betform is designed to support a peer to peer gaming. Using the platform, the need for middlemen is naturally gone. Betform uses blockchain technology to create a gaming network that houses traditional functions such as paying out winning and offering quarterly rewards. Betform strive to enable large user access to a wide range of blockchain games thereby enabling ease of access and maximum security standard . This was able to be accomplished by connecting blockchains , leveraging on the smart contract and payment channels which enabled maximum security
Read more

XSL LABS | Creating the Internet you can trust

Image
XSL Labs is an ecosystem that intends to protect user privacy and data. XSL Labs will ensure the decentralization of the network and the interoperability of all the services offered within the SYL ecosystem. BUT FIRST, WHAT IS CRYPTOCURRENCY? Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security. Offering friction-less transactions and inflation control, investors have been prudent enough to add these currencies i
Read more