Southpole: First Cryptocurrency with a Decreasing Supply

Southpole is a deflationary token whose supply will decrease as it gets adopted, increasing its liquidity and the reward for holders. The leaders hope that it will become a leading cryptocurrency. But, let’s start at the beginning. After months of working on the project, Southpole developers launched the project early last month. Since then, they have run social media campaigns and sought to build a community that would propel the currency to where they believe it should be. 

The team has sought to assure community members of the benefits they would gain from participating. The hope is that you would share the project with your friends and engage some more on social media in knowing these things. Since the founding member and the team did not keep any tokens for themselves at issuance, there will be fairness in token distribution. The decision, though, means that any marketing strategies the team launches are funded using donations as the project is still in its early stages.  

But what exactly is Southpole?

All over the world, central banks are printing money to finance government spending and working to keep interests low. Most cryptocurrencies, in a sense, operate like central banks. They have an increasing supply of tokens which results in inflation. Southpole is the first cryptocurrency, whose token is based on the Binance Smart chain, that has a decreasing supply for the token. It has a black hole, anti-whale lock and a team committed to ensuring that the token’s liquidity increases fast. There is a guaranteed maximum amount of decentralization. Here is a breakdown of its main features:

  • Liquidity pool 

A liquidity pool is money locked in a smart contract that facilitates the trading of trading pairs. With Southpole, 3% of every transaction will be added to the liquidity pool on PancakeSwap in an automated process. Currently, the only available trading pair is POLE and BNB (Binance Coin), but additional trading pairs will be introduced alongside new exchange listings. For now, SouthPole is listed with Pancakeswap. 

  • Auto farming

An auto farm is a cross-chain yield assembler that allows users to receive a return on their assets from yield farming pools by staking in it. Another 3% of every transaction from the token will be auto-distributed to token holders. 

  • Anti-whale lock and zero rug pull

As mentioned earlier, the founder of the token and the team have renounced the token ownership. Liquidity has been locked on Pancakeswap forever, which means that token distribution will be equal. There was no pre-sale or allocation to members. What is more, transactions cannot have an excess of 5 million tokens. 

  • Blackhole

This is arguably the most unique feature of the cryptocurrency. There will be a 50% token burn at the beginning, which guarantees a significant price increase through rewards, auto liquidity and deflation. 

Southpole (POLE) has a total supply of a thousand trillion. It is currently available on PancakeSwap and has a lot of promise. As a leading cryptocurrency, it welcomes auditors, which supports the team’s desire for full transparency. It is worth considering a crypto whose team tells you exactly how they spend your money. 

Myra M.

Experienced business writer with a solid track record of work in tech-related companies and online marketing.

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