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What is EtherBack Finance (ETHBACK) token?

By Jenny Aurora | September 3, 2021

EtherBack is the second token released by the DogeBack team and it builds on it a success but also rewards the community that helped build the brand, by providing a new split dividend mechanism rewarding EtherBack holders with Binance Pegged Ethereum and DogeBack.

Introduction

If you missed out on DogeBack or the dividend yield paid in Dogecoin wasn’t your thing, then make sure you get in EtherBack and still get a piece of the larger pie

Holding EtherBack rewards both Ethereum and DogeBack

With a strong community and support network happy to answer any and all questions

Under The Hood

Innovating on the dividend yield mechanic by providing a dual distribution system

Split Dividend Yield

Distributing one of the OG and still most talked about cryptocurrencies while also paying out in a much younger upstart gives the best of both worlds – stability and speculation!

Tokenomics

Presale Allocation: 43%
PancakeSwap Allocation: 33%
DX Sale Fees: 10%
Private Sale Allocation: 8%
Team Wallet: 3.5%
Marketing and Promotional: 2.5%

*DXSales requires to save around 12% “to avoid issues dues to fees or exploits”. It’s for rebalancing in case someone added small liquidity. These Tokens will be locked forever by DXSales meaning burned if not needed for the presale process.

*Marketing and Promotional will also include funds that can be used for exchange listings and providing liquidity on parter platforms

Fees

16% tax, 5% is used to purchase Ethereum and 5% is used to purchase DogeBack which is automatically paid out in dividends to holders automatically.

The contract then uses the remaining 6% to either buy back and burn or create further liquidity and a smaller portion of that is sent to the project team marketing wallet to fund daily operations

Total Supply 100 000 000 000

10% SPLIT DIVIDEND PAID IN ETHEREUM & DOGEBACK

10% of every transaction is accumulated for dividends to holders – Paid in Binance Peg Ethereum and DogeBack.

AUTOMATIC DIVIDEND DISTRIBUTION

Dividends are automatically reflected relative to your holdings; distribution depends on the number of holders in the market and transaction volume but can be claimed manually

6% BUYBACK FUND / LIQUIDITY CREATION & MARKETING

6% of all transactions will be taken by the contract, a configurable portion will be used for marketing while the bulk of the tax will be split between buying back and burning our token and creating extra liquidity to support the market

ANTI-DUMP

Dynamic transaction limits to maintain optimal chart conditions.

How and Where to Buy ETHBACK token?

ETHBACK token is now live on the Binance mainnet. The token address for ETHBACK is 0x50229c02f6e1890986e4ccc7b9b13b5652592054. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

Source: Coin Introduction <https://morioh.com/p/e6ffa64a8052>

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