$Spinel is a Smart Contract Token built on $BNB. Soon, $Spinel will be more than a token as we establish our own blockchain and develop our own coin. The goal of $Spinel is to create an ecosystem of technology and software development. This will begin with the release of the Spinel News Network, a technology-centered news platform.
$Spinel rewards its token holders in several ways.
BNB Distribution
BNB distribution. Every $Spinel transaction includes a 15% tax. This is split two ways:
To understand how this happens, you need to understand redistribution and BNB redistribution. In a regular redistribution system, every transaction results in payouts for token holders. This incentivizes token holders to not sell them. The amount being redistributed is calculated based on contract-specified percentage, the current token balance, and total number of token holders. In BNB distribution, every transaction results in a charge. The amount charged per transaction is converted to BNB and added to a POOL. At set intervals (a day, a week, etc.), token holders will be automatically sent a percentage of BNB to there wallets. The amount being redistributed is calculated based on how many tokens a person holds and the total size of the pool.
$Spinel redistribution removes the need to manually claim your BNB. The contract does it automatically. This means that when you own $Spinel tokens, you will automatically receive BNB every hour.
Our system tracks all token holders in an indexed array. Each transaction that occurs processes a certain number of users within the array, based on their position; larger transactions involve a larger number of holders. When a transaction processes a user, the contract determines how much that user can withdrawal. If it is above a certain 10,000 $Spinel tokens, the contract will distribute those dividends as BNB or buy additional tokens for the user. The system is automatic and equitable.
Profit Sharing
$Spinel holders also benefit from profit sharing. Once the Spinel News Network is released, 50% of the total revenue will be converted from USD to BNB and then to $Spinel. Then it will be redistributed to token holders.
Blockchain
Finally, $Spinel holders will receive an air drop of $Spinal Coin upon the release of the $Spinel exchange and blockchain. $Spinel coin will then be automatically staked to earn holders more $Spinel token.
$Spinel will launch June 25, 2021, in a presale on BOUNCE.FINANCE. The presale link will only be sent in the telegram group with a password. During the presale 1 BNB = 1m $SPN.