💰Token and Tokenomics

Token

The first step of our project was the launch of our token: $PET on the Polygon chain on April the 2nd 2023. $PET is a dividend paying token. Holders have their dividends paid out in $MATIC on the Polygon chain. Transfers between wallets are not taxed, however each swap/trade is taxed 6% which can be broken down as follows:

• 2% goes into the liquidity pool

• 1% goes into the Development Wallet

• 3% is automatically redistributed to holders as dividends

Dividends for holders

Dividends will only be paid once a holder has at least 100 $PET in his wallet. Holding $PET is sufficient to receive the dividends. No staking or locking is required. Dividends can be claimed by the user manually whenever he wants. This process ensures that redistribution is as efficient as possible, minimizing the total gas fees. The liquidity-feeding mechanism will be dynamically managed particularly in the first phase of the project in order to guarantee adequate volatility and encourage volume. The low tax protocol, compared to several other projects, is created specifically to encourage volume as well.

• The holders receive 3% on each $PET trade. Please refer to the example below.

A holder of 200,000 $PET is going to automatically receive about 1,900$ based on a daily $PET volume of 1,000,000$

• Additionally there is a 0.1% exchange fee on any trade on any chain. This fees are 100% distributed to the holders, too. Please refer to the example below.

A holder of 200,000 $PET is going to receive about 1,300$ based on a daily exchange volume of 20,000,000$

Please try out our calculator on the exchange: https://poodl.exchange/dashboard

Dividends are collected on all chains. However for the distribution dividends have to be bridged to $MATIC on Polygon. At the moment this process is a manual effort, but we are investigating ways to automate this process as volume increases and more dividends accumulate.

For full transparency the wallet containing all dividends on all chains can be found below as well as links to the explorers on each chain:

Dividend Wallet: 0xcd48E197E3010Eb6e2F27659E5471A9D25b50A28

Ethereum: https://etherscan.io/address/0xcd48E197E3010Eb6e2F27659E5471A9D25b50A28

BSC: https://bscscan.com/address/0xcd48e197e3010eb6e2f27659e5471a9d25b50a28

Fantom: https://ftmscan.com/address/0xcd48E197E3010Eb6e2F27659E5471A9D25b50A28

Polygon: https://polygonscan.com/address/0xcd48E197E3010Eb6e2F27659E5471A9D25b50A28

Dividends will be bridged roughly once a month, taking into consideration the relation of bridging fees and total dividends accumulated on a chain. The time and day to be kept secret to avoid people gaming the system.

Tokenomics

There are 100 million $PET in existence and all have been distributed, resulting in no token inflation at all. One of our founders burned his share of 1 million $PET token once he left the project, resulting in a total and max supply of 99 million $PET token. Please refer to the burn transaction: https://polygonscan.com/tx/0x29bd90744e52761c2f49518181ec0962e2cdd7715df43f4f2dd2a8c16d71591e

The project itself owns a wallet with tokens remaining from the initial fair launch. This wallet is used to generate a basic revenue stream, based on dividends, to cover expenses. For transparency you can refer to the wallet address: 0x393dcf26ef287e848ca7c018d812faff2f19f787