FAQ - INT $Integer
Integer Decentralized exchange $Matrix
What is INT Integer?
INT is a unique ERC20 token that operates on a strict principle of scarcity and indivisibility. With a fixed supply of 4096 tokens and no decimals, each token is indivisible, meaning it cannot be split into fractions or smaller units. Moreover, INT incorporates burn mechanisms to further enhance its scarcity.
Was there be a presale for Integer tokens?
No, there was no presale for Integer tokens. Liquidity was added by the time of launch, ensuring that the initial launch price will never go below a certain threshold. This approach aims to promote fair and transparent distribution of tokens from the outset.
How was liquidity added to Integer tokens?
Liquidity was provided by adding 1 ETH paired with 3809 tokens to the liquidity pool. This liquidity injection represents 93% of the total token supply. The initial price of the token stabilized at $1
Moreover, 5% of the token supply was earmarked for the team, while an additional 2% has been allocated for marketing purposes. This marketing allocation is intended to fuel promotional activities aimed at enhancing visibility and adoption, thus contributing to the project's growth and sustainability.
Is there a minimum amount required for transactions with INT?
Yes, due to the absence of decimals, transactions can only occur with whole numbers. However, the tax is not applicable if the amount traded is less than 20 tokens.
How does INT maintain its scarcity?
INT introduces deflationary mechanics to enhance its scarcity and value proposition. A sell tax of 5% is applied, with 4% of the tax directed towards burning tokens, thereby reducing the overall supply over time.
Are there additional mechanisms for burning tokens?
Yes, INT implements additional burn mechanisms to reinforce its deflationary nature. These mechanisms are as follows:
Sell Transaction Burns: Upon every 2nd, 4th, 8th, and 16th sell transaction, a token is taken as a burn tax, provided that the liquidity pool balance exceeds specific thresholds. This ensures a continuous reduction in the token supply, contributing to its scarcity.
Volume and Time Based Burn: Additionally, one token is removed from the liquidity pool upon reaching a traded volume of 1024 tokens if the balance exceeds 256 tokens or 8 hours passed since the previous LP nuke. This volume-based burn mechanism further contributes to reducing the overall token supply over time.
Phase II introduces the Teleport: smart contract alongside burn cycle mechanism, allowing users to control the pace of burns. No Integers required only ETH transaction fees.
Phase III introduces Strategic Treasury Management: The allocation of wINT taxes to the treasury allows for strategic initiatives such as INT token buybacks. This mechanism not only supports price stability but also aligns with the long-term sustainability of the Integer ecosystem.
How does this impact investors?
Investors are incentivized by the real burn effects, knowing that the supply will continually decrease, potentially increasing the value of their holdings over time.
How many phases does Integer have?
Integer will undergo more than 4 phases of development and expansion. Integer Token's development roadmap includes
Phase 2, which introduced the Teleport Function
Phase 3 featuring Wrapped Integer tokens for enhanced versatility
Phase 4 establishing an Over-the-Counter market
With future phases to be announced, reflecting the project's ongoing evolution and expansion.
How can I stay updated with INT’s developments?
You can follow INT on social media channels or join their community discord/telegram server to stay updated with the latest developments, announcements, and discussions.