Skynet Active MonitorReal-time monitoring of key project assets for enhanced security awareness.
Website
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Smart Contract
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BasketCoin is a deflationary token secured by a basket of seven cryptocurrencies and designed to be utilized in trusted staking and DeFi platforms. The project aims to strengthen the buy-back and burn process, with a fee of 2% taken from each transaction, half of which is burned and the other half goes towards staking or reward redistribution. The smart contract assumes that 90% of all BSKT will be burned, decreasing supply from 21 million to 2.1 million. The BSKT token's security chart comprises Bitcoin, Ethereum, Polkadot, Smartkey, YF-DAI.finance, USD Coin, and Crypto.com, among others. The revenues from these platforms will be used for repurchasing and burning BSKT tokens, reducing supply on the secondary market.