SQO will serve as the intermediary that users will use to purchase goods and services on the SQO marketplace.
The token itself is a Hyper-deflationary token which rewards investors for holding while also utilizing a buy back approach to stabilize market value.
The buyback function will allow investors more confidence to purchase and hold SQO.
SQO collects a 6% buyback tax, which is stored in contract. When a sell occurs, a fraction of the buyback amount is used to purchase tokens from the liquidity pool and burnt. This works for many reasons.
It raises value of the token and
Investors will rarely see more than a couple of sells simultaneously.
- 3% redistributed as rewards to holders
- 6% buy back to purchase and burn tokens
- 3% marketing tax so SQO can reach milestone after milestone