We announced each wallet's functions earlier before the public launch.
---- note: where after three months, for five developer wallets, it combined into one wallet and locked it with multi-sig. To facilitate supervision by holders - link: https://bscscan.com/token/0x4841181ae4079072ebe83a29b718388a387169e3?a=0xd400cc702c514e553559122531eeb55d90d5c41f
Proof of fair-launch 50% supply + 250BNB: https://bscscan.com/tx/0x1340ca58bf719b6c1c9c9555fbf6e77e14ba98af817162dfff103410b1624797
----- our first active blockchain-proof salmonchain :
RPC :
NETWORK SALMONCHAIN RPC
Network: SALMONCHAIN TESNET
URL : https://rpc.salmonscan.com/
Chain ID: 281028
Symbol: SUI
Explorer URL: https://testnet.salmonscan.com
Already published in mainstream media: one of the links:
Change of blockchain due to internal problems "source code information leak due to excessive trust by me, and has used salmonchain products as a result of his work to sell the source code (witnesses and evidence are there), but I did not publish it to maintain conducive conditions for the public" and I feel the responsible answer to my investor holders, so we created a new blockchain which we called BeOneChain. as a replacement for the previous product.
RPC of BeOne Protocol :
https://chainlist.org/?search=beone&testnets=true
- the purpose of displaying it to the public with its registration on the chain-list is valid proof of blockchain ID and active blockchain integrated with EVM.
- We have replaced the salmonchain.com website with beonechain.com. We have also displayed the information with a popup on salmonchain.com.
Our work is not just about making a blockchain but preparing a custom explorer, where to become a blockchain explorer like bscscan, ethscan, etc.
link: https://testnet.beonescan.com/
This costume must be fixed and take up thousands of data we must process. Our work program is often tedious, and we have not been able to complete this explorer due to a year, lack of human resources, and time limitations.
We have never sold ownership of the supplied developer for almost a year.
We bought back for promotional purposes and the partnership worth $ 16,000, and we kept it in the wallet: https://bscscan.com/token/0x4841181ae4079072ebe83a29b718388a387169e3?a=0x90c305143ca83cce9fc7569aea62764c63c91262.
Planned for:
1. Airdrop total of 1,000,000 SUI with several stages. (Only 12 participants in the 1st stage, so I decided to review it for the implementation of the airdrop / changed it to another strategy)
2. We will develop the excess of 500,000 for project funding for our ecosystem in BeOneChain. for prospective new developers who pass the terms. And conditions.
Tax income- we divide it into financing:
1. operational - Team meet-up. Team accommodation. Team compensation. Server fees (blockchain, node, news portal, dex, etc.) purchase of websites, city quest, fundex, nti, salmonation, HYU tourism, beonechain, one wallet. Etc.
2. charity ( we don't need to mention it, but we keep the documentation)
3. marketing and sponsorship in the community and student or student activities in need.
4. event - (painting competition on 17 August 2022 for elementary school children ( the purpose of this event is to educate youngsters to know NFT in art all over Indonesia.), Event seminar, webinar. )
5. formation of news media. From IBN - Indonesia business news, salmonation.com.
6. we handle:
a. salmonation.com
b. beonechain.com
c. explorer beonechain (active) and salmonchain (we have shut down)
d. naeswaritechnology website (we are temporarily shutting down, so there is no bias between salmonation for Indonesia and NTI)
e. city quest. Online and others. We reserve 2-3 web backup names for 1-2 years.
7 Unforeseen costs: switching servers, changing servers, purchasing software tools, other hardware, etc.
8. Other development for web3 or dapps :
a. one wallet
b. fundex
c. explorer
d. bridging
e. city quest
f. NFT marketplace
and some of the work we postponed, and we do each in stages. And there are those that we use external personnel where our 3d design capabilities need more human resources.
Journey.
Our highest number of holders in the first three months was at 870holders.
Our transaction volume was below $500 per day for nearly nine months. in the winter market.
A drastic increase in holders of almost 100% to 1,319 occurred in the last month, which we did with education, literacy, updating information on social media. as well as optimizing SEO.
With the income tax we manage, we can survive and focus on developing this project. I needed more to cover costs in the 7th month when I reinjected funds for its operations.
Even though there have been buybacks that we bought slowly, I have decided to remain consistent in implementing Tokenomics And business management because running a business does not always have to be a surplus. You have to be able to sacrifice to achieve something more significant. Not to show off but to teach that other developers can do the same things we do.
So I don't use the buyback wallet to cover our operational costs.
Our lowest HR compensation fee was in January and February 2023- $1,700, and the highest was $5,500. Where there is significant impairment by reducing the number of our human resources. From 21 total to 11 because they understand priority over productivity
Our highest total monthly expenses were in the first two months, worth almost $14,000 ( or something ). lowest in the last four months, $1,200.
After the first two months, the average monthly cost is about $800, with little marketing promotion. We switched to giving AWAY t-shirts and others that were simpler.
Server costs range from 7 million to 15 million ( in rupiah ) a month, from the lowest to the highest. All paid with CC until now. And the future burden will increase for mainet server costs. It is not included in its IPFS. And IPFS development for NFT, etc.
To reduce that cost, we made OTB, Open The Block. one of our events and our strategy to establish friendships with developers, educators, or other entrepreneurs. Everything is open to the public and the public without us charging a fee, and we share GA with T-shirts or even items from our speakers without coercion.
We maximize what we have, a youtube channel, news portal, Twitter, etc., to share the contents of this event and our information. For updates. Our track: can be seen on the salmonation youtube channel
Education and literacy are our priorities, and we know that only a few viewers attend, but we always believe in the speaker. It is not the value of the participants. Still, the value of the content is conveyed and recorded in a digital footprint.
-- so if you have questions about our wallet marketing. We have answered. And we explain our work portions and proof of work to date.
We still have much to fix and know that time is limited.
Do you have any questions about what to do with the future 50,000,000 SUI in the dev wallet?
There are several options.
1. We will enter the bridge protocol and change it to $BOC. This will be locked in our FunDEX as liquidity for the "ONE" Token, the utility token for the entire project we build. So it has a solid initial price. The rest will consider preparing CEX listings ( not priority, except tier 1 exchanger accepts us. :P )
2. we burned all $SUI, so there is no need to lock it in Bridging to avoid system leaks (hacking that happens a lot), and we will issue it supplying $BOC in beonechain. And the function and process are the same as No. 1 for liquidity purposes and are locked.
Friends, don't worry. The locked supply will not affect the circulation of the supply because it will not come out. It will only be the price basis for the "One" token.
So this is the last update. We are still trying to find VC partners willing to see our projects and plans and consider investing in our company. Equity ( stock ) . and has nothing to do with COIN. But to the technology.
Thank You. This can be enlightening and become an information update sheet in the form of a work report.
In cryptocurrencies, many terms may sound unfamiliar to the uninitiated. One such term is "burning tokens." What exactly does it mean, and what is its function in the crypto world? This blog post will explore the definition and role of burning tokens.
Definition of Burning Tokens
Burning tokens, also known as token burn, is a process where a certain number of tokens are removed or destroyed from circulation. This process reduces the total supply of tokens in circulation, making them more valuable. The tokens are usually sent to an address with no private key, rendering them permanently unusable.
Token burn is commonly used in cryptocurrencies to manage the total supply of tokens in circulation. This is especially important for cryptocurrencies with a fixed supply, as it helps maintain the token's scarcity.
The function of Burning Tokens
The primary function of burning tokens is to reduce the total supply of tokens in circulation. This reduction in supply can have several benefits for a cryptocurrency.
Firstly, it can increase the value of the token. Reducing the total supply of tokens makes the remaining tokens more valuable. This can be especially important for cryptocurrencies with a limited supply, as it helps maintain the token's scarcity.
Secondly, burning tokens can help to control inflation. Inflation occurs when there is too much of a currency in circulation, decreasing its value. By reducing the total supply of tokens, burning tokens helps mitigate the effects of inflation and maintain the currency's value.
Finally, burning tokens can also help to improve the tokenomics of a cryptocurrency. Tokenomics refers to the economic principles that govern the behavior of a cryptocurrency. By reducing the total supply of tokens, burning tokens can help to create a more stable and sustainable financial system for the cryptocurrency.
Titles, Hashtags, and Meta Keywords
When creating content about burning tokens or any other topic related to cryptocurrency, it's important to use titles, hashtags, and meta keywords that accurately reflect the article's content. This can help improve the content's visibility and searchability, making it easier for people to find and read.
A good title for an article about burning tokens could be "Understanding Burning Tokens: Definition and Function." This title accurately reflects the article's content and is clear and concise.
When it comes to hashtags, it's essential to use hashtags relevant to the article's topic. Some good hashtags for an article about burning tokens could include #BurningTokens, #Crypto, #Blockchain, #Tokenomics, and #SupplyReduction.
Finally, it's important to choose keywords that accurately reflect the article's content when it comes to meta keywords. Some good meta keywords for an article about burning tokens could include Burning Tokens, Crypto, Blockchain, Tokenomics, Decentralized Finance, Supply Reduction, and Token Burn.
Conclusion
Burning tokens is an essential process in the world of cryptocurrencies. It helps to manage the total supply of tokens in circulation, improve the tokenomics of a cryptocurrency, and maintain the currency's value. By understanding the definition and function of burning tokens, you can better understand how cryptocurrencies work and how they can be used to create a more stable and sustainable economic system.
march mainet --- april bridging ( to be able to convert SUi Tokens to COIN BOC. )
April - mei - FUNDEX --- after completion, we will add a liquidity pool for ONE TOKEN on the BEONE network. It's a fair launch with 90% -100% supply going into the pool. (still considering whether listing on CEX is needed for ONE token or not because our nature is developing in its utility), the second solution, if 100%, means we will build our features on FunDex
ONE token is a token that is formed to represent all projects developed by the team, such as the NFT marketplace, CityQuest - Launchpad - Investment Program platform - Tourism.
So I will focus on one liquidity pool in a value range of $ 100k - $ 150k for a fair launch with a 5% tax.
So there is no tax on the platform, except for the Investment Program, which may have a notary or legal fee. It's an admin fee not for us but for a 3rd party to mediate.
But this is just an investment plan. Need more research for this project.