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Zedek (ZDK), created by Sir Lixoti in 2023, is a cryptocurrency that utilizes a unique mechanism of burning coins with each transaction. This process reduces the overall supply of the coin, potentially driving up demand and increasing its value. The project also charges a 2% fee on transactions, which is dedicated towards funding marketing and team efforts. To maintain stability and ensure sufficient liquidity, Zedek adds liquidity to its platform. The combination of coin burning, fees, and liquidity management are all aimed at supporting the growth and stability of the Zedek ecosystem, as envisioned by its creator Sir Lixoti.
The Zedek token will be renounced, meaning that the original creator or issuer of the token will no longer hold any rights or claims over it. This is often done to transfer the control and ownership of the token entirely to the community of token holders, allowing them to govern the token and its usage as they see fit. A renounced token can increase trust and transparency, as there is no central authority that can manipulate or interfere with the token's functioning.
Get the offerZedek is a cryptocurrency that operates on a burn mechanism, where a portion of the supply is reduced with each transaction. This reduction in supply can potentially drive up demand and increase the coin's value. Additionally, the project charges a 2% fee on transactions, which is used to fund marketing and development efforts by the team. Furthermore, Zedek adds liquidity to its platform to ensure that there is enough supply to meet demand and provide stability to its price. Overall, the combination of burning, fees, and liquidity management is meant to support the growth and stability of the Zedek ecosystem.
A user buys Zedek coins through a decentralized exchange that supports the Binance Smart Chain network. The user uses Binance Coin (BNB) to purchase the Zedek coins
The user holds the Zedek coins as a store of value, believing that their value will increase over time. The user can monitor the price of Zedek coins using a price tracking app that supports the BSC network.
The user decides to sell their Zedek coins when the price reaches a desired level. The user uses the same decentralized exchange to sell the Zedek coins for Binance Coin (BNB).
In the future, Zedek plans to integrate with merchants and online stores to allow users to make purchases with Zedek coins. The user will be able to use their Zedek coins to buy products and services, such as clothing, electronics, and travel.
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