CETO, which rises and falls in TRX value with every token purchase or sale.
Today the platform is renowned for its fast transaction speed and agile CEO. Specifically, the platform is capable of 2000 transactions per second. This performance puts 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 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 as you Hold On for Dear Life. The key here is PATIENCE: there is a withdrawal penalty without it. After 30 days, you are entitled to extract 100% of your deposit. But before that? Learn to live with more, less.
How it Works:
The basic structure for a Crystal Elephant Token (CETO) contract will come from a well-inspected and audited mock open source P3D contract – also known as an hourglass contract – with modifications made to promote longevity. Tokenholder is encouraged to hold tokens for 30+ days or experience a sliding scale of penalty for early withdrawals. Penalties are added to transaction fees and distributed to other token holders.
Process:
Exchange Tron (TRX) for tokens that increase or decrease algorithmically with each sale. Ten percent of funds from each transaction – deposited, withdrawn, or transferred – are taxed and distributed proportionally to all token holders as dividends. A penalty as high as 75% will be assessed for those who withdraw before 30 days.
STRUCTURE
Most hourglass contracts suffer from pump-and-dumps – early users / users log in early and withdraw their funds later at the same time – thus jeopardizing their lifecycle. CETO offers strength through consistency.
Strengths:
Exchange TRX for CETO, which increases and decreases the value of TRX with every token purchase or sale.
It’s a little complicated and very math based – be patient. Each token purchased increases gradually more than the previous token. If our initial token price starts at 0.001 TRX, the increment goes up by 0.0001 TRX for each additional token.
A CETO 5 purchase would look something like this:
● CETO1 = .001 / TRX
● CETO2 = .00110 / TRX
● CETO3 = .00120 / TRX
● CETO4 = .00130 / TRX
● CETO5 = .00140 / TRX
(less 10% transaction fee)
● Total: 5 CETO = 0.054 TRX
The same principle applies to CETO sales, only -0.0001 TRX for each additional token sold.
Every transaction (buy, sell, transfer to other token holders) is subject to 10% tax, the proceeds of which are distributed to other CETO token holders as dividends. Your TRX exchange for CETO (principal) is incentivized to be wagered on the smart contract platform for 30 days, collecting a dividend proportional to your percentage of the overall token supply from all other transactions over time.
Dividends can be withdrawn at any time. Just like P3D contracts, dividend withdrawals are free of charge. However, if token holders wish to combine the principal to receive a larger share of dividends, they can reinvest the dividends into the contract (less 10% transaction fee), thus setting another 30 days incentive to maintain the dividend amount in the contract.
Automatic reinvest! Just set it up and forget: Let Forest do all the work. If you want to reinvest your dividends every 24 hours, just tick the box, confirm, the contract will automatically reinvest all dividends that exceed 5 TRX transaction fees, and live your life! This unique feature makes it easier – and faster – than ever to build your value into a CETO contract. Feel free to stop it at any time.
Transfers are treated the same as sales: early withdrawal penalties apply, as are 10% transaction fees. Transferred tokens are treated as a new principle, and are subject to an equal 30 day penalty system for the recipient.
CETO can even stand the future! Since CETO is a standard TRC-20 token, fellow Elephants can build their own forest using our token’s unique properties, while also sharing and contributing to the dividend pool of the contract. More dApps = more divs. Your only limit is your imagination!
Example 1 (no dividend, no contract growth, no currency fluctuation – EXCEPT):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO.
● Balance: 42,341 CETO / 89,993 TRX (25% available for withdrawal = 10,585 CETO / 30,230 TRX)
2. Day 11:
● Balance: 42,341 CETO / 89,993 TRX (50% available for withdrawal = 21,171 CETO / 50,479 TRX)
3. Day 21:
● Balance: 42,341 CETO / 89,993 TRX (75% available for withdrawal = 31,756 CETO / 70,727 TRX)
4. Day 31:
● Balance: 42,341 CETO / 90,976 TRX (100% available for withdrawal = 42,341 CETO / 90,976 TRX)
● Exchange 42,341 CETO for 90,976 TRX.
● Less 10% transaction fee.
● Total: 81,878 TRX
Example 2 (no dividend, no contract growth, currency fluctuation – LESS MAY):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO. TRX = $ 0.03 USD Initial value = $ 3000.
● Balance: 42,341 CETO / 89,993 TRX (25% available for withdrawal = 10,585 CETO / 30,230 TRX);
● Wallet value $ 2,700, withdrawal value $ 907.
2. Day 11:
● Balance: 42,341 CETO/89,993 TRX (50% available to withdraw = 21,171 CETO/ 50,479 TRX), TRX = $0.0275 USD.
● Wallet value $ 2475, withdrawal value $ 1388.
3. Day 21:
● Balance: 42,341 CETO/89,993 TRX (75% available to withdraw = 31,756 CETO/ 70,727 TRX), TRX = $0.033 USD.
● Wallet value $ 2,970, withdrawal value $ 2,334.
4. Day 31:
● Balance: 42,341 CETO / 90,976 TRX (100% available for withdrawal = 42,341 CETO / 90,976 TRX), TRX = $ 0.0375 USD. Wallet value $ 3412, withdrawal value $ 3412.
● Exchange 42,341 CETO for 90,976 TRX. Less 10% transaction fee.
● Total: 81,878 TRX, $ 3070
Example 3 (dividend, no drawdown, contract growth, currency fluctuation – POSSIBLE):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO. Less 10% transaction fee. TRX = $ 0.03 USD. Initial value = $ 3,000.
● Balance: 42,341 CETO / 91,606 TRX (25% available for withdrawal = 10,585 CETO / 30,772 TRX);
● Dividend Balance: 10,160 TRX. Wallet value $ 2,748, withdrawal value $ 923.
2. Day 11:
● Assume a daily token dividend rate of 0.2% for 11,976 TRX. (current CETO price = 2.55 TRX)
● Balance: 42,341 CETO / 108,018 TRX (50% available for withdrawal = 21,171 CETO / 60,585 TRX)
● Dividend Balance: 11,976 TRX. TRX = $ 0.0275 USD. Wallet value $ 2971, dividend value $ 329, withdrawal value $ 1666.
3. Day 21:
● Assume a daily token dividend rate of 0.2% for 14,117 TRX. (current CETO price = 3.01 TRX)
● Balance: 42,341 CETO / 127,368 TRX (75% available for withdrawal = 31,756 CETO / 100,090 TRX)
● Dividend Balance: 14,117 TRX. TRX = $ 0.033 USD. Wallet value $ 4,203, dividend value $ 466, withdrawal value $ 3303.
4. Day 31:
● Assume a daily token dividend rate of 0.2% for 16,639 TRX. (current CETO price = 3.55 TRX)
● Balance: 42,341 CETO / 150,177 TRX (100% available for withdrawal = 42,341 CETO / 150,177 TRX)
● Dividend Balance: 16,639 CETO / XX TRX. TRX = $ 0.0375 USD. Wallet value $ 5,632, dividend value $ 624, withdrawal value $ 5,632.
● Exchange 42,341 CETO + dividends for 166,816 TRX. Less 10% transaction fee.
● Total Withdrawal: 166,816 TRX, $6,256
Example 4 (dividends, withdrawals, re-deposits, currency fluctuation – MAYBE):
1. Day 1:
● Exchange 100,000 TRX (current CETO price = 2.36 TRX) for 42,341 CETO. Less 10% transaction fee + dividends reinvested. TRX = $ 0.03 USD. Initial value = $ 3,000.
● Balance: 44,426 CETO / 100,749 TRX (25% available for withdrawal = 11,107 CETO / 34,335 TRX);
● Dividend Balance: 1,005 TRX. Wallet value $ 3,023, withdrawal value $ 1030.
2. Day 12 (reinvested daily for 11 days):
● Assume a daily token dividend rate of 0.2% for 269 TRX. (current CETO price = 2.8 TRX) Reinvest 269 TRX. Less 10% transaction fee.
● Balance: 45,148 CETO / 126,297 TRX (50% available for withdrawal = 22,574 CETO / 63,149 TRX).
● Dividend Balance: 0. TRX = $ 0.0275 USD. Wallet value $ 3473, dividend value $ 0, withdrawal value $ 1737.
3. Day 22 (reinvesting and alternating daily withdrawals for 10 days):
● Assume a daily token dividend rate of 0.2% for 295 TRX. (current CETO price = 3.35 TRX) Withdraw 295 TRX.
● Balance: 45,330 CETO / 151,878 TRX (75% of 33,998 CETO / 113,909 TRX available for withdrawal)
● Dividend Balance: 0. TRX = $ 0.033 USD. Wallet value $ 5012, dividend value $ 0, withdrawal value $ 3759, withdrawal $ 10
4. Day 31 (daily withdrawals for 10 days):
● Assume a daily token dividend rate of 0.2% for 346 TRX. (current CETO price = 3.35 TRX) Withdraw 346 TRX.
● Balance: 45,330 CETO / 178,174 TRX (100% of 45,330 CETO / 180,823 TRX is available for withdrawal)
● Dividend 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.
● Total Withdrawal: 162,741 TRX, $6,103
● Total Earnings: 167,400 TRX, $6,278 USD
The basic structure for the CETO contract comes from the well-proven, hourglass-style Proof of Weak Hands open source contract. P3D is a revolutionary economic model currently being played out on the Ethereum blockchain. P3D smart contracts handled more than 581K ETH (~ $ 167 million USD average $ 287.95 USD / ETH) between 16 February-29 December 2019, with 58K ETH ($ 16.7 million) being paid out via smart contracts. Open source and peer reviewed for security, the P3D smart contract handles everything automatically, without trust, without human intervention or manipulation: code is law.
GET STARTED
● If necessary, create a Tronlink or other compatible web wallet
● Get TRX. If you need to use a fiat-to-crypto exchange, we recommend Bittrex or the Atomic Wallet
● Transfer TRX (or return your Tron wallet address) to your Tronlink wallet
● Create an account
● The CETO contract will be linked to your Tronlink wallet
● Exchange TRX for CETO
● Enjoy receiving dividends
● Create and share your referral link to earn more dividends
● Hold more than 100 CETO in your wallet and create your own custom referral link to share with others
START
● If necessary, create a Tronlink or other compatible web wallet
● Get TRX. If you need to use a fiat-to-crypto exchange, we recommend Bittrex or the Atomic Wallet
● Transfer TRX (or return your Tron wallet address) to your Tronlink wallet
● Create an account
● The CETO contract will be linked to your Tronlink wallet
● Exchange TRX for CETO
● Enjoy receiving dividends
● Create and share your referral link to earn more dividends
● Hold more than 100 CETO in your wallet and create your own custom referral link to share with others
CASHING OUT
● Sell CETO for TRX
● Withdrawing accumulated TRX (including dividends) to Tronlink / web wallets
● Send TRX to external exchanges to trade with fiat currency
RIDE WITH GIFTS
If you’ve come this far, help yourself. You’re ready to enjoy one of the most innovative and proven models of decentralized application economy with built-in sustainability.
Remember: Elephants are smart. To make up for before 30 days is stupid. Get your full value PLUS dividends – and stick with it as you go.
For more information about CETO’s future project – Crystal Elephant Token, join our Social Media channels:
● Situs web: https://crystalel elephant.net/
● Telegram: https://t.me/CETOofficial
● Official report: https: // crystalel elephant.net/whitepaper
● Twitter: https://twitter.com/cetoken
● YouTube: https://www.youtube.com/channel/UCNRN6hw26z6TGWiZpAk5XXQ
Username:Kekewyi
Link: https://bitcointalk.org/index.php?action=profile;u=3122413
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