What is $GREATAPE ?
Great Ape is a brand new community token, stealth-launched on Binance Smart Chain on May 17 2021, from the original creator of RFI — one of the most forked devs in crypto.
The contract was written by the creator of the Reflect function, code which has been used thousands of times and by multi-billion dollar protocols such as SAFEMOON and FEG.
$GREATAPE is a fully decentralized protocol that contains highly optimized versions of several popular DeFi mechanisms, improving upon Safemoon’s code by fixing the security flaws and reducing gas costs by up to 70%.
Unique, first-of-its-kind, launch:
The project was launched in a new and unique way too, requiring no input from the dev. The contract has no ownership controls at all (ownership doesn’t need to be renounced… because there was none anyway).
There was no pre-sale, but instead it was launched after early community members donated 40 BNB to the contract address (not getting anything in return) and then anyone can call the LAUNCH function in the contract to launch the token on Pancakeswap.
In one transaction via the launch function the supply was minted, 20% burned, the rest sent to Pancakeswap with the 40 BNB and then the LP was instantly burned forever - making $GREATAPE 100% un-ruggable. This all happened instantly, without any input from a dev. The dev of course wrote this beautiful launch code though!
You can view the launch transaction details below:
Initial Supply: 100,000,000,000
Supply Burned on Launch: 20,000,000,000
Circulating Supply: 80,000,000,000
There are no dev wallets, so all tokens, other than those burned, are in circulation.
Because 20% of initial supply was sent to a burn address, and that address still earns its share of the RFI fees, this makes $GREATAPE a deflationary token.
Contract Address: 0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98
$GREATAPE uses an elastic tax to build liquidity in the early stages after launch, and then provide a sustainable future for the token. Details below:
💎 Week 1 — Liquidity building:
🦧 7.5% liquidity | 2.5% RFI tax
💎 Week 2 — Transition phase:
🦧 5% liquidity | 2.5% RFI tax
💎 Forever — Sustainable tax forever:
🦧 2.5% liquidity | 2.5% RFI tax