02 September, 2021
DinoMatic is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in Matic instead of tokens.The token contract employs a static rewards system—15% of every transaction is split in two:
- 10% Matic is redistributed to holders
- 2% is used to fuel the liquidity pool exchange growth
In order to fully understand the Matic redistribution, we need to educate you on the reflection concept:
This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.TL; DR: You receive more tokens automatically.
Tokens are then swapped automatically in realtime for Matic and added to a POOL (similar to how liquidity pools work). Holders can then automatically see the Matic earned at specific time (daily / weekly / etc..). The Matic they can receive are based on their token holdings % and the current pool size. You hold, you enjoy.