Whitepaper

About US

BuyTheDip is a community token whose logo and name carries a huge weight in CryptoSpace. Buy the Dip" is the strategy of buying cryptocurrencies "cheap" after a sharp drop in price. We want to take away the fear of falling prices from investors and encourage them to buy the dips. Our bull in the logo symbolizes an article from JP Morgan where it depicted the Charging Bull and wrote BuyTheDip as the headline. Our team has thought about creating a safe coin that gives all investors the guarantee not to invest in a scam.

Why Binance Smart Chain?

We have been observing for a long time that no strong projects are launching on the Binance Smart Chain. It is scammed everywhere is FUD and no dips are bought. The Binance Smart Chain is currently not in a good light. We want to change that. We want to encourage investors to hold the token, trade and buy dips through our unique combination of negative buytax and reflections. The low fees and very fast transactions also allow relaxed trading on the Binance Smart Chain.

Explanation

BuyTheDip is a community-driven token on the Binance Smart Chain (BSC) with deflationary features that pays out static rewards to holders (automatic return generation). BuyTheDip uses two simple functions: NegativeTax and Reflection .On each trade the buyer receives a tax of 2%, on sale a SellTax of 12% is generated from which 5% Reflections are distributed in the form of TonCoin (TON). 2% is added to the liquidity pool on PancakeSwap to improve price stability. 5% of the Selltax goes into the marketing wallet to provide healthy price appreciation.

Why Toncoin (TON) as a reward token ?

The Toncoin (TON) also called Telegram token put at the end of the year 2022 a price increase of 65%. This was followed by a tweet from founder and Telegram CEO Pavel Durov confirming that Messenger was planning a decentralized crypto exchange and wallet. Shortly thereafter, The Open Network thus announced the launch of Megaton Finance, a multi-chain DEX built on the TON blockchain. ETH, WBTC, USDT or USDC are also to be tradable on this from January 2023. At the same time, three other decentralized exchanges are available on The Open Network. We assume that under these circumstances it could trigger a hype wave that makes the Toncoin pump. Therefore, the rewards will be distributed in Toncoin to maximize the profit from the increase of BuyTheDip token and the increase of Toncoin.

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