The REBALANC3R Released
The Beginning
Innovation, as we know it is defined best as is “the creation, development and implementation of a new product, process or service, with the aim of improving efficiency, effectiveness or competitive advantage.” In a more direct and fitting way, for the Rebalanc3r team, innovation means, at its core, to take an idea, something inspirational and effective and build on it in many ways to create a technological benefit moving forward. It means to take something great, assess it, and build on it in a way that is advantageous to all who interact with it.
The Rebalanc3r team has moved quickly up to this point in order to bring that innovation to the Cryptosphere, efficiently, but also with purpose and intent.
As we take a look at our steps moving forward, we keep in mind where we came from, where we are, and where we will go.
The Creation
Rebalanc3r is a fork of ITS (Iteration Syndicate) which has taken the world by storm over the last few days. ITS and its innovative rebalancing system has shown that there are ways to create a living, breathing crypto entity that works and thrives off of a token and liquidity burning mechanism while it also works to promote constant upward price movement and sustainability. The truth of the matter is, it’s a wonderful idea and a great success and one that those in the Rebalanc3r community asked for just a few short days ago. Working over the last 48 hours, we have put our heads together to create a successful fork of the token with the clearest of intentions in mind: we are not Iteration Syndicate, but we support their wonderful idea and will be taking their format and adding our own twists as things evolve and develop.
The Future
As with any new token, while hype, word-of-mouth, and upward price movement draw attention to a token, RB3L has its focus firmly on its next steps in a way that separates itself from its original fork. RB3L will be working diligently over the coming days to potentially bring other successful ideas (staking, NFTs, LP Rewards) to the table, while at the same time be actively engaged in creating partnerships with other tokens around the community for one common goal: successful innovation in the space.
The exciting thing about innovation is, sometimes new ideas arrive from the unlikeliest of sources and brainstorming with community members and other developers may offer new and exciting ideas that we haven’t even thought up yet. The truth is as follows: RB3L was created with a blank canvas ahead of it that gives endless possibilities to its next steps. While marketing and awareness are of the utmost importance in this early stage, we also know that the next steps that we will announce will be important to the sustainability of a token that has, as of this point, already proven to be wildly successful.
Tokenomics
The tokenomics, as stated before, are very similar to Iteration Syndicate which saw 2000% gains on the functionality of its token alone. However, with a few tweaks and 90% less total supply, the optics of the token show that volatility and constant upward price movement are on the horizon over the coming days and weeks as new announcements roll in.
RB3L started with a 10,000 token supply, but each and every hour that supply is shrunk by its Rebalanc3r system. It’s a two function system. Function one involves 1% of all transactions taken and added to the Treasury. Once the Treasury is filled to a certain level, funds taken from it, through the contract, and added to liquidity. Function two is the Reblanc3 function. This takes place once an hour. Anyone can call the Reblanc3 function on our website (https://rebalanc3r.finance/). When this function is called, 2.5% of liquidity is removed and the ETH that was pulled out is used to market buy RB3L and then 98% of all of that RB3L is sent to the burn wallet while 2% of it is rewarded to he who called the Rebalanc3 function.
As of this current writing, in the 16 hours since inception 2,033(20.3%) has been sent to the burn wallet forever, leaving the total supply at 7,967 RB3L. This will continue and as tokens decrease, it will cause large upward price movement due to its scarcity. However, be aware, the less tokens in existence, the less it burns. It is impossible for all the tokens to burn, but it IS possible and a fact that each token will grow in value as each hour goes by.
You may access our burn wallet at any time by checking here: Burn Wallet
Tracking this wallet is also a good idea to see when the last function was called if you, yourself, are interested in being the hourly caller.
Next Steps
As previously discussed, marketing for increased awareness will pick up in the coming days, as well as updates to our website which include more information as well as a Reblanc3 timer. For now, you can find everything you need to know by accessing us in the following locations:
Website : https://rebalanc3r.finance/
Twitter : https://twitter.com/rebalanc3
Uniswap : https://app.uniswap.org/#/swap?inputCurrency=0x0c903918ee36098d9f5088f42d6974ba7898277c
Etherscan : https://etherscan.io/address/0x0c903918ee36098d9f5088f42d6974ba7898277c
Dextools : https://www.dextools.io/app/uniswap/pair-explorer/0x19efce528dbbf6ebc438904c00a82b33e9104dbf
LP transaction to the contract : https://etherscan.io/tx/0xe894f859dc2c2a04cbb35bee986aefed73babb74593e734738a7022b6fb249d5
Until Next Time…….
RB3L Team
