# GREEDY token

GREEDY is the token of the GreedyArt platform for conducting NFT auctions, which is awarded to participants as a guaranteed reward for placing bids in auctions.

Main characteristics of the token:

<table><thead><tr><th width="210">Characteristic</th><th>Value</th></tr></thead><tbody><tr><td>Contract address</td><td>0x7CdF887bFd5c1fEE94F549e90e1F6CD7A3E8e5F8</td></tr><tr><td>Chain</td><td>BNB chain</td></tr><tr><td>Token standard</td><td>BEP-20</td></tr><tr><td>Total supply</td><td>100,000,000 GREEDY</td></tr><tr><td>Max total supply</td><td>100,000,000 GREEDY</td></tr><tr><td>Decimals</td><td>18</td></tr></tbody></table>

GREEDY is responsible for preserving and distributing liquidity obtained from token sales among all token holders.

It features integrated staking and deflationary mechanisms, which enhance its value relative to USDT.

Token buying and selling transactions are conducted through a smart contract, ensuring:

* **Full liquidity provision:** all funds from token sales are stored in this contract. This serves as a guarantee for providing 100% liquidity for redeemed tokens when they are sold back to the contract.
* **Sales flexibility:** any GREEDY holder can sell their tokens back to the smart contract at any time and receive USDT based on their share in the pool.

GREEDY's decentralization is ensured by issuing all tokens and transferring them to the sales smart contract at the project's inception. The project team lacks the ability for additional token issuance or to manage the liquidity stored in the smart contract. This means control remains in the hands of token holders, ensuring complete independence from centralized interventions and maximum transparency in the project.

Details on the current token buy/sell price and its liquidity can be found at <https://greedy.art/token>.

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