MangoMan Coins- A case study for burning
of tokens & listing on XT Exchange
The birth of mango man
meme coin is attributed to the
idea of motivating crypto
beginners to do well in this
Mango man is hyper deflationary
coin with static reflection which
rewards holders more Mango
man coins are automatically
added to the wallet each time
transaction is made.
Great experience, fresher
induction points and 5% hold
from each transaction is
automatically redistributed to
the mango man holders.
The MANGO MAN token is
strictly a utility token in all
jurisdictions and is not and
cannot be considered to be a
"Security" or otherwise regulated
token of any kind.
MANGO MAN is not in any
way e-money and/or fiat
money, or an asset backed
stable coin, whether global or
limited in scope.
Mango Man employs 3
simple functions: Reflection
LP acquisition Burn.
5% fee = redistributed to all existing
holders & 5% fee is split 50/50 half of
which is sold by the contract into BNB,
while the other half of the MANGO MAN
tokens are paired automatically with the
previously mentioned BNB and added as a
liquidity pair on Pancake Swap.
Why Burn Tokens? >To Increase a
Coin's Value: The basic economic
law of supply and demand dictates
that if the supply of something
decreases, then the price will have
to rise, assuming demand remains
>As a Sign of Long-Term
Commitment: The owners of a
crypto project sometimes burn
coins on their network as a
show of commitment toward
Maintaining a certain
degree of scarcity makes
everyone holding those
coins a little richer.
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