Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where CETO fits in.
ABOUT CETO
CETO is a revolutionary financial ecosystem that brings a fair and profitable concept, Utilizing the Tron Blockchain Technology that creates a new system that is more efficient and cheaper than using ethereum, a framework designed to provide a new, modified financial system for the long term, Compared to the current DeFi system This is used and is prone to various things such as rug pull, change owners, etc, CETO uses audited source code on a smart contract with a Hourglass Contract, it is a fair contract concept for all parties, early holders will get more profit when successful hold tokens and get a penalty when withdrawing too early but the penalty is distributed to other Token Holders, creating a win-win solution for all and of course a long term investment option.
The basic structure for the Crystal Elephant Token (CETO) contract comes from a clone of the well-vetted and audited P3D open-source contract - also known as an hourglass contract - with modifications made to incentivize longevity. Tokenholder is encouraged to hold tokens for 30 days+ or suffer a sliding scale of penalties for early withdrawal. Penalties are added to the transaction fee and distributed to other tokenholders.
CETO offers a new concept that is a solution for this with a cycle of framework that is resistant to this, Early Adopters / Holders cannot withdraw to make a sale because there is time. -span that needs to be fulfilled and when it cannot be fulfilled will be subject to a penalty fee, a stable increment between the Buy & Sell value will provide transparency in volume and increase demand over time. Users can get dividends in a simple way with just a few steps without the need for a complicated process and the Reinvest feature which makes the process automatic. Each holder needs to hold their assets for 30 days to get 100% incentives and in the table below you can see the Incentive System which suppresses the inflation rate in their system.
It will reduce the inflation rate and benefit various parties in the ecosystem as well as increase demand, eliminate pump & dump and transparent volume.
CETO is creating a decentralized, autonomous, revenue-producing digital token that gets stronger as you hold longer, counter to the boom-bust lifecycles of cloned hourglass-style contracts.
How It Works?
The basic structure for the Crystal Elephant Token (CETO) contract will come from a clone of the well-vetted and audited P3D open-source contract – also known as an hourglass contract – with modifications made to incentivize longevity. Tokenholder is encouraged to hold tokens for 30 days+ or suffer a sliding scale of penalties for early withdrawal. Penalties are added to the transaction fee and distributed to other tokenholders.
HOW DOES THIS HAPPEN
Exchange Tron (TRX) for tokens that rise or fall algorithmically with every sale. Ten percent of funds from every transaction – deposited, withdrawn, or transferred – are taxed and proportionally distributed to all tokenholders as dividends. Penalties as high as 75% will be assessed for those who withdraw before 30 days.
ABOUT THE SYSTEM
Most hourglass contracts suffer from pump-and-dumps – early adopters/users getting in early and withdrawing their funds later at the same time – thus endangering their lifecycles. CETO offers strength through consistency.
Withdrawals of principal are as follows:
sell between 0-9 days (0-864,000 seconds), lose 75% of its value
sell between 10-19 days (864,001-1,728,000 seconds), lose 50% of its value
sell between 20-29 days (1,728,001-2,592,000 seconds), lose 25% of its value
sell on or after 30 days, you receive 100% of your principal value
The early withdrawal penalties are combined with the standard 10% transaction fee and distributed to tokenholders as dividends.
Why CETO?
The basic structure for the CETO contract comes from the well-proven, hourglass-style Proof of Weak Hands 3D open-source contract. P3D is a revolutionary economic model currently playing out on the Ethereum blockchain. The P3D smart contract has handled over 581K ETH (~$167M USD on average $287.95 USD/ETH) between February 16-December 29, 2019, with 58K ETH ($16.7M) paid out through the smart contract. Open-sourced and peer-reviewed for security, the P3D smart contract handles everything automatically, trustlessly, without human interference or manipulation: code is law.
Getting Started
If necessary, create a Tronlink or other compatible web wallet
Acquire TRX. If needing to use a fiat-to-crypto exchange, we recommend Bittrex or Atomic Wallet
Transfer TRX (or restore your Tron wallet address) to your Tronlink wallet
Create an account
The CETO contract will connect with your Tronlink wallet
Exchange TRX for CETO
Enjoy receiving dividends
Create and share your referral link for more dividends
Hold more than 100 CETO in your wallet and create your own custom referral link to share with others
Cashing Out
Sell CETO for TRX
Withdraw accumulated TRX (including dividends) to Tronlink/web wallet
Send TRX to external exchange to trade for fiat currency
Ride with Pride
If you’ve made it this far, give yourself a hand. You are ready to enjoy one of the most innovative and proven decentralized app economic models with built-in sustainability.
Remember: Elephants are smart. Bailing before 30 days is dumb. Get your full value PLUS dividends – and hold on for the ride.
Loyalty
Patience is a virtue. In addition to earning dividends on principal, the more TRX in the contract, the more TRX value of your CETO tokens.
When tokenholders’ 30 days are up and they inevitably withdraw some of their principal, it pays to take profit but leave principal. Always there will be daily waves of tokenholders cashing out, creating even more dividends once their 30 days are up.
FOR MORE INFORMATION PLEASE VISIT THE USEFUL LINKS I HAVE PROVIDED BELOW;
Website: https://crystalelephant.net/
Telegram Official Group: https://t.me/CETOofficial & channel: https://t.me/cetoken
Whitepaper: https://crystalelephant.net/whitepaper
Twitter: https://twitter.com/cetoken
YouTube: https://www.youtube.com/channel/UCNRN6hw26z6TGWiZpAk5XXQ
MY DETAILS
Author: SheyCrypto
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2212407
TRX Wallet Address: THZEup2XBtxh4hCPJMtXLZTQwf63Tb6oEr
Telegram Username: @sheyeva
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