Dear Schotex Community,
The long-awaited announcement is finally here.
We want to specially thank everyone who has contributed to the schotex project so far.
Thank you for your commitment.
Thank you for your support.
Thank you for believing in schotex project.
Our promise is to never let you down as we move forward to achieving the roadmap.
Firstly, I want to let us know that schotex is not in a hurry to launch its token because we want the best for our investors we’re taking all these times to make sure we have a successful launch and unstoppable community growth.
We have made some professional consultations with some leaders in the crypto space and some centralized exchanges, because we want to make sure we get Schotex token listed on at least two major exchanges within the first week of launch. We also went ahead to consult some whales who are willing to invest in this project heavily and recommendations were made.
We have critically analyzed all their suggestions and have decided to make all the changes below, to the schotex project and for the benefit of all.
1. We shall be making some changes to our tokenomics for the benefit of the ecosystem: To make sure we have a strong ecosystem we shall reduce all the tax from schotex token, Marketing Tax will be 3% against 7%, Dynamic Rewards will be 1% against 3% and Liquidity will be 1% against 2%. The total Tax on each transaction will be 5% as against 12% of the previous, the tax each transaction will be will be stopped in 12months after successful token launch on any Dex.
2. A new token contract will be created with less total supply: the max supply will be 152,562,652 Schotex token, this is to make sure we have less token in circulation, creating scarcity and fair market that will always grow in value. Following the current road map made, we shall only have 32,038,157 Schotex token remaining after gradual burning of 79% of the max supply.
3. All the private sale and whitelist sale participants will have two options:
If you have purchased schotex token during the last private sale or whitelist sale, you will choose between getting your BNB refunded to your address or receive the new token on 1000 Shotex Token(0xFe834C861be1C4764736d50374D25214856a8C33) for 1 New Schotex Token (New Contract): this is to give you chance to decide if you want to continue your investment with schotex project. We have considered making choice; but we know it may not be accepted by everyone. So each individual has to decide what they want and the team will attend to it as urgent as possible. You can send message to @Miltonschot if you fall in the above category.
4. For people who participated on the 1million airdrop: New contract token will be distributed after official launch base on 1000/1. Our plans are for long-term development of the Schotex Ecosystem, which will evolve into a worthwhile investment that extends beyond fads.
