MANY WHITEPAPER
MANY PLATFORM
THE DEV TEAM
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The $MANY Edge
Explore just a few of the many areas in which $MANY has a competitive edge.
Problem
- Dev teams often lack expertise, dedication, and innovation. They simply fork existing contracts and hope for short term success.
- Flat tax structures have rarely been successful in any large scale use case scenario, and will fail similarly in crypto. Hefty flat tax rates further compound the issue.
- Daily rewards systems result in very frequent transactions and this strategy is not gas-fee efficient.
- Hefty entry fees result in an issue of scalability.
- Tokens without utility are more likely to lose market interest and fail.
Solution
- The $MANY dev team is composed of multi-industry experts and their dedication and innovation are exemplified in their operational priorities and the solutions produced in the $MANY concept.
- $MANY tokens operate under a marginal tax system which significantly reduces many entry barriers.
- The weekly rewards systems implemented by the $MANY protocol is far superior in gas-fees, selling pressure reduction, and more.
- Nominal taxes for $MANY purchases significantly reduce scalability issues.
- The $MANY road map is ambitious but achievable. We are aggressively investing in our engineering talent.
A Team and Community Dedicated to Growth and Innovation
We don't just talk about innovation, we do it.
This project showcases the innovative capacity that this team contains. We are fully dedicated to expanding the project and making our vision and roadmap milestones a reality. We have expanded our engineering team to make this token a reality, and our biggest priority post-deployment is to utilize our operations budget to recruit the talent that our roadmap demands. Unlike most "projects", our operations budget is not solely geared towards marketing and shilling. While marketing and shilling are important aspects of a project, we also focus our budget heavily on research, development, and recruiting to ensure that there is long term viability and success.
We are not perfect people. We are not beyond flaws. We will make mistakes along the way, but we will ask the right questions and find the right resources to fix those mistakes and deliver something spectacular.
A Sophisticated Tax Structure
$MANY token transaction fees are very different from what you'll see in traditional rewards tokens. Let's analyze what this accomplishes.
Reduced barrier to entry
Traditional rewards based tokens have a static transaction fee levied upon all transactions blindly. Essentially, this is a flat tax. This method fails to properly utilize the full potential of the Binance Smart Chain (BSC). This flat tax is often hefty and creates a significant barrier to entry.
Our dev team has innovatively developed a BSC smart contract structure with the capacity to deploy a more sophisticated and variable tax structure. This more closely resembles a marginal tax structure. With a 3% tax on buyers (as compared to the 14% charged by others in the space), we virtually eliminate the barrier to entry. With the contributions of other tokenomics and systems innovations at play, we have managed to eliminate this barrier without significant impact on rate of BUSD rewards.
This is a rewards coin with just as much reward as traditional coins, but far less taxes.
Weekly Rewards Are Superior
$MANY tokens reward holders once every week. This has several benefits to holders which include, but are not limited to:
- Weekly rewards distributions require fewer transactions and thus are more efficient and results in greater rewards rate when compared to hourly or daily rewards systems.
- Anticipated reward days serve to reduce selling pressure at times of temporary price volatility.
- Level 1 token transactions contribute to larger reward pools for all higher level token holders.
Scalability Over Time
The entry and exit barriers created by the universal tax system eventually cause issues in scalability. The universal taxes create a significant loss for anyone who purchases that token, and then doubles down on that loss when an individual exits the position. Early adopters would find it relatively easy to recuperate from these losses due to the cheaper price point of the token. As the token grows and becomes more expensive, however, it becomes more difficult to recuperate the losses from the purchase tax, let alone the anticipated sales tax.
A sophisticated and variable tax structure was implemented on the $MANY protocol to significantly reduce this scalability issue. With a 3% purchase tax, this particular scalability issue is virtually eliminated.
While the transaction fee on $MANY purchases is always 3%, the fee on sales depends on the level of the tokens being sold. Level 1 tokens can be sold for 3% fee, Level 2 tokens can be sold for 8%, and any token greater than Level 3 can be sold for 12%. Essentially, this creates a situation in which you can enter into a $MANY position without significant barriers and then contribute to the rewards mechanism at the point of sale where the rewards you will have collected will far outweigh any sales tax you would pay to exit your position.
More than Just a Rewards Token
The biggest issue with tokens that are solely focused on rewards is that their systems are destined for failure due to their scalability issues. When they finally reach these terminal points, they will have nothing supporting their projects because their roadmaps are not robust enough to compensate for that failure.
The $MANY tokens' sophisticated tokenomics significantly reduce the issue of scalability.
$MANY is also an asset built to power future developments, which will enhance its value and make it an even more attractive option for potential adopters. While the $MANY rewards system is the first project released by Many Worlds, it is not the sole focus of this project. We do, however, acknowledge how attractive rewards systems are to current adopters. For this reason, we put an incredible amount of effort and resources into ensuring that this rewards system is the best that it can be.
Last modified 15d ago