🔢Tokenomics

Token Name: SimpleHub Token (SHUB)

The native utility token of the SimpleHub ecosystem is called SimpleHub Token (SHUB). It serves as the core element of the platform, facilitating access to various services and resources within the SimpleHub ecosystem.

Token Standard: ERC-20

The SimpleHub Token (SHUB) follows the ERC-20 token standard, which ensures compatibility and interoperability with the Ethereum blockchain. This standard provides users with seamless integration, enhanced security, and ease of use when interacting with the token.

Total Supply: 100,000,000 SHUB

The total supply of SimpleHub Tokens (SHUB) is set at 100,000,000 tokens. This finite supply is designed to maintain scarcity and value within the ecosystem while allowing for widespread adoption and utility.

Tax Structure: 4% on Buys and Sells

A tax structure of 4% is applied to both buy and sell transactions involving SHUB tokens. This tax is automatically deducted and distributed as per the predefined allocation, contributing to the growth and sustainability of the SimpleHub ecosystem.

Allocation of Tax: Marketing, Development, and Liquidity

The tax collected from transactions is allocated to different areas of the SimpleHub project. Specifically, 2% of the tax is allocated to marketing initiatives to promote the platform and expand its user base. Another 1% is dedicated to development efforts, ensuring ongoing improvements and innovation within the ecosystem. The remaining 1% is allocated to liquidity, providing stability and liquidity to the SimpleHub Token (SHUB) market.

The tokenomics of SimpleHub are designed to support the growth, development, and long-term sustainability of the project. By allocating a portion of the tax to marketing, development, and liquidity, SimpleHub aims to enhance user adoption, continually improve the platform, and ensure a liquid and stable market for the SHUB token.