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Tokenomics
3% BuyBack
Everytime somebody buys or sells, a small percentage of that is put aside to buy back large sells in an effort to maintain a more stable price, and prevent price manipulation. This means large sellers have a smaller effect on price action, which in turn leads to less fear in the community. This helps empower longer term holding.
2% Redistribution
Whenever someone buys or sells, a percentage of the transaction is put into a wallet which is routinely redistrubuted to current holders according to the size of their wallet. This promotes longer term holding by being one of various awards our holders get for holding Flyt Token.
2% Charity
From each transaction, a small percentage is taken and donated to a charity aiding in a relative cause. These charities will be picked via community vote on our Discord server, so token holders have a say in what cause a piece of the transaction volume will go towards. This creates a democratic environment, which boosts community involvement, and thus, holding.
1% Development
A percentage of every buy or sell will also go towards FlytLabs development, which is used to aide in community and product expansion. This allows us to consistently provide more value for our community, and bring more holders into the token. This wallet, along with all others used, will be publicly available, and transactions will be logged.
1% Burn
Finally, a small part of every buy or sell will be put into a burn wallet, and forever removed from the supply. This creates an environment where holding wins, as with any selling, supply is decreased, holder tokens increase, and more volume is ultimately put towards buying up any further selling.
Utility
FlytToken holders who hold more than $100 worth of the coin will get Premium access to Nyria for each month they hold. Nyria is a community built around our service which helps traders spend more time living, and less time trading. By providing them with bot - driven trade alerts and ideas, as well as leading stock and finance data, Nyria enables investors to make healthy decisions, consistent entries and great profits - without watching the charts all day. Nyria provides trading bot signals, AI - driven scalp and swing ideas, realtime options flow and darkpool data, social spike alerts, and much more. This means our holders will have access to over $50 / mo worth of tools for every month they hold.
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FlytToken will be heavily integrated into FlytLabs' current project Unifye. Unifye aims to consolidate contact information and crypto payments, allowing users to segment their contact and payment points, and efficiently share them with the appropriate parties in one easy to use place. Users with Unifye will be able to send payments to one another using any coin or payment method of their choosing, right into another the other users preferred wallet, with FlytToken used as the mediator. This means the volume will go up as the service is used more, and holders will benefit as a result.
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