How GREEDY Works

1. By the project's start, all 100,000,000 GREEDY were issued and locked in a smart contract for their initial sale to users. The project team did not own any tokens initially and can purchase them only on par with other users.

Example:

When the first 5 tokens are purchased, the total circulation becomes 5, and 99,999,995 tokens remain locked in the contract, and so on.

2. The price of the first GREEDY token on the smart contract is 0.0001 USDT. Each subsequent token is priced at 0.0001 USDT more than the previous one.

Example:

The first token costs 0.0001 USDT, the second 0.0002 USDT, the third 0.0003 USDT, and so on.

3. USDT obtained from token sales, minus a 10% project commission, immediately go to the smart contract's storage. Nobody, including the project's developers, can access these funds. The pool of USDT tokens formed as a result of this on the contract is called isolated liquidity.

Example:

The price of the first and second tokens are 0.0001 USDT and 0.0002 USDT respectively. After purchasing the first token, the isolated liquidity in the contract is 0.0001 - 10% = 0.00009 USDT, after the second purchase it becomes 0.00009 USDT + 0.00018 USDT = 0.00027 USDT, and so on.

4. Any GREEDY holder can return their tokens to the smart contract and receive USDT in exchange. The amount of USDT a user receives is calculated using the formula:

$$\text{Isolated Liquidity} \div \text{Circulation Supply} \times \text{GREEDY amount}$$

Where:

• Isolated Liquidity is the current sum of isolated liquidity in USDT on the smart contract.

• Circulation Supply is the number of GREEDY tokens in circulation.

• GREEDY amount is the quantity of GREEDY the user is returning to the contract.

Example:

With 3 GREEDY tokens in circulation and liquidity in the contract at 0.00054 USDT, each token will return 0.00054 / 3 = 0.00018 USDT.

5. The number of circulating GREEDY tokens decreases due to a deflationary mechanism, i.e., when transactions are made between user wallets. 5% of the transaction amounts are returned to the smart contract for resale, thus reducing the token circulation and increasing the GREEDY price. No deflation fee is charged during buying and selling tokens back to the contract.

Example:

Transferring 100 tokens from one wallet to another will result in the recipient receiving 95 tokens, with 5 being returned to the smart contract and removed from circulation.

6. 20% of all bets made by GreedyArt auction participants are sent to a reward fund. Participants can only retrieve accumulated funds from the reward fund by exchanging them for GREEDY tokens. Thus, 20% of every bet made on GreedyArt goes towards purchasing GREEDY tokens, which are then distributed to auction participants.

Example:

A participant places a $10 bet on a GreedyArt auction. $2 from this bet goes towards purchasing GREEDY tokens.