What is CoinADA

CoinADA is a community-driven evolution of yield-generating contracts on the Binance Smart Chain (BSC): gives rewards in ADA instead of tokens. You also have the opportunity to reinvest and compound your ADA earnings!

The $CoinADA token has three functions that occur during each trade: Token-Reflection, LP Acquisition, and a Buyback.

The token contract employs a static rewards system—15% of every transaction is divided among the following:

  • 7% ADA is redistributed to holders

  • 3% is used to fuel the liquidity pool exchange growth

  • 5% for massive marketing for CoinADA

In order to fully understand the ADA redistribution, you first need to understand how token reflection has worked in the past.

Classic redistribution

This mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.

This means that whenever a transaction takes place, anyone who is already holding tokens will get a percentage of that transaction given to them in more tokens. The problem with this, is that in order to turn that token into “real” money, you have to sell it, which inevitably brings the price of the coin down.

Claiming manually is unintuitive for a few reasons:

  • You have to connect your wallet manually to the website

  • Timed withdrawals (daily, weekly, etc) require you to return frequently to manually claim your BNB, and if you forget to claim, your BNB is lost forever.

  • There is already a barrier of entry to be able to transact on the Binance smart chain. It is difficult for the average holder to understand the value until they go through the full claiming experience. With auto-claim, they can see results just by refreshing their wallet.

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