Nest Egg, The New Token With Double Reflection Mechanism
Nest Egg (NEGG) is a token introduced recently to power the Golden Duck Ecosystem. It comes with deflationary abilities and other rewarding options. It is the first token in crypto to provide a double reflection of rewards. Investors hold the NEGG and earn rewards in either $ADA or $SHIB.
Every investor desires to have a continuous flow of passive income, and Negg provides just that. Moreover, NEGG institutes a buyback and burn policy for NEGG and GOLDUCK tokens to make it utterly deflationary.
The network sets the total supply of NEGG at 500 million tokens. One wallet can only hold 1 million tokens.
NEGG Token Economics and Features
The token economics of the NEGG will help streamline this entire token’s rewarding option. Every transaction has an 11% transaction tax to be distributed properly in the following ways;
5% $ADA Redistribution
5% of the transaction will help in purchasing $ADA. This ADA purchase is going to be redistributed to the NEGG token holders. The minimum required to earn rewards is 20 thousand NEGG tokens.
NEGG will distribute this reward to holders after every 60 minutes. Persons who fulfil the requirements will not need to claim any rewards. Instead, the network autonomously sends the required funds to the holder’s wallet. It works like staking, where people who own more tokens will have more rewards.
2% Rewarding with $SHIB
Another 2% is taken as tax with the primary intention of redistributing the funds to NEGG holders. Again, to earn these tokens, you must hold at least 20 thousand NEGG in your wallet. In this case, NEGG will swap the 2% tax for the $SHIB token. Hence, users will have a continuous flow of the $SHIB tokens in their wallets.
The 5% and 2% rewards contribute to a double reflection that will increase the user’s passive income. As the number of sell transactions and transfers increases, so will the redistribution. Hence, the hourly payouts will be frequent as the trading volumes increase.
3% for Buyback and Burn
NEGG also follows a buyback and burn policy. In every transaction, 3% will help in buying back GOLDUCK and NEGG tokens. 2% of the NEGG transaction value will help in purchasing the GOLDUCK token. The other 1% will help purchase back NEGG token.
The NEGG and GOLDUCK tokens purchased will all be burnt utterly from circulation. NEGG’s main purpose of the launch was to power the GOLDUCK ecosystem. The tokens’ prices will get more stable price supports and remain deflationary by instilling a continuous burn policy.
Secured by Design
Apart from the deflationary and rewarding options, the NEGG token also offers security to all investors. This security is offered in the following two ways;
- Auditing. Solidproof fully audited the smart contract hosting the NEGG token. The contract has no issues. Solidproof posted the report for the public.
- Locked Liquidity. Of course, investors can only feel safe in the project if the community is committed to the growth of this project. Hence, the liquidity earned in the public sale will be locked in Unicrypt liquidity lockers.
- Combining auditing and liquidity lockers is good for trust and security in this project.
Marketing Plan
As part of tokenomics, NEGG distributes 1% of the transaction value to marketing. Since this token uses the Binance smart chain, it will swap 1% of the transaction to BNB for marketing. Using BNB will help make the marketing sustainable in the long term.
Listed in Coinmarketcap and Coingecko
Another feature describing the NEGG is its listing in the Coingecko, Dextools, BSC scan, and Coinmarketcap analytics platforms. It’s one of the tokens to enjoy the fastest listings in the analytics networks. The listing in the analytical networks will make things easy for investors when DYOR.
Community Involvement
The decision to use ADA and SHIB as the two rewarding tokens resulted from consulting the community. Community members considered the two tokens as those with the best prospects of giving profits.
Accordingly, the network will in the future involve the community to make similar decisions. If they need to change the reward token, then the NEGG team will interact with the community.
How Can You Buy NEGG?
The simplest way to own the NEGG is by purchasing it from Pancakeswap. Here is how;
- Have your BNB token in your wallet
- Go to Pancakeswap
- Connect your wallet option to Pancakeswap, either Metamask or Trust wallet
- Chose your slippage, between 14% and 18%, depending on the transaction
- You can now swap your BNB for NEGG. Use round numbers only
- Add those tokens to your wallet address.
Pros and Cons
One thing that strengthens the legitimacy of this project is its connection to GOLDUCK. Since GOLDUCK is an already running platform, investors can have some confidence in their new product.
As a new platform, there are not many negative things to say about the NEGG network. According to BSCscan, less than 1000 wallets hold this token at the time of writing. Hence, it’s the job of each investor to do their research before putting money into this platform.
Recently on their Twitter, GOLDUCK warned of possible scammers pretending to be the NEGG team. Please, beware of such and make sure you are working with the right platform pages as follows;
- Website: https://negg.io/
- Twitter:https://twitter.com/GOLDUCKTOKEN
- Telegram:https://t.me/neggtoken
Final Take
The writeup has been exploring the NEGG token, a product connected to GOLDUCK. The launch aims to power the GOLDUCK network, as it introduces a double reflection mechanism. NEGG will reward investors with $SHIB and $ADA tokens since they have the best prospects. Furthemore, NEGG has a burning policy that will ensure the GOLDUCK and NEGG tokens are deflationary.
