CLIFF Token: The Deflationary Dog Token That is Set For The Moon and Beyond

When it comes to deflationary tokens in the crypto space, Bitcoin is by far the biggest pioneer of this idea and even though there have been other contenders for this crown over the years, few can match up to what Bitcoin has achieved.

With looming concerns of worldwide inflation happening at the moment, every investor is looking to hedge against an inflated global economy by getting their hands on deflationary assets that are set to grow over time.

CLIFF picks up after Bitcoin and merges deflationary properties with elements of decentralized finance. This is one of the most anticipated projects in the crypto space and even though it is a new kid on the block, it is built around a highly deflationary token that takes full advantage of emerging DeFi (decentralized finance) mechanisms to reward token holders and generate an income for its community.

Here is a breakdown of what CLIFF Token is all about and how the $CLIFF token is set for the moon and beyond.

What you Need To Know about Cliff

Before we dive into the meat of this scoop, let’s get you up to speed.

Cliff is the name of the big red dog that represents the Cliff community. If you love furry dogs that never seem to stop growing larger, Cliff is your best bet as he embodies the spirit of the CLIFF Token, a deflationary token that is set for the moon and beyond.

As mentioned earlier, Cliff tokens are deflationary and this means CLIFF Tokens will only keep on growing over time as more and more people join CLIFF’s community and hold onto their tokens.

What’s more, CLIFF not only grows inwardly but also outwardly thanks to a token buyback feature that will reduce the circulating supply of CLIFF tokens. Buyback events are a stable of the stock market. These are events where a company will use excess cash to buy back its shares in open markets.

In essence, buybacks function to reward shareholders as the value of shares goes up with reduced supply. In principle, this is what the CLIFF Token is built on. Through buying $CLIFF tokens in open circulation using a portion of the platform’s marketing funds, token holders will benefit the most as the value of their tokens will rise.

Furthermore, given the surge in NFT sales and their popularity, Cliff will be investing in Blue chip NFTs (non-fungible tokens) whose value is expected to increase in the long run. This will be done using funds made from transaction fees in Cliff’s ecosystem. Cliff’s portfolio will also include investments in big and medium-size altcoins as well as participation in yield farms and the profits accrued will be redirected to the Cliff platform for further development and growth.

Cliff’s Tokenomics and Taxation System

Under the hood of the Cliff platform is a top-of-the-line tokenomics system that rewards all token holders for holding onto their tokens while ensuring overall growth across the entire Cliff ecosystem.

Incentives are doled out to those who have been in the community from the beginning as well as those who join later on. The more you hold and transact using your $CLIFF tokens, the more benefits and rewards you stand to accrue.

Plus, Cliff’s taxation system features a 13% increase in fees on sell orders. There is a buy tax of 7% fees on all buy transactions. These funds are directed to CLIFF Token’s liquidity pools thus helping create price stability. Sell transactions on the other hand attract a 15% fee which is also directed to CLIFF Token’s liquidity pools for price stability. This taxation mechanism is designed to discourage selling and encourage hodling.

Staking Incentives

Apart from a deflationary token and an anti whale taxation system, Cliff also comes with a staking mechanism designed to reward token holders through an emission-based smart contract over 1 Year.

The mechanism is made such that 80% of the total supply of Red tokens (cliffs governance token) will be added to a smart contract for staking incentives. What’s more, unstaking is free on Cliff’s ecosystem. However, staking will be charged a 5% fee for their transaction which is automatically burned.

Conclusion

Without a doubt, Cliff’s tokenomics structure is a truly revolutionary one. This is a cryptocurrency that is designed from the ground up to serve as the money of the future. Already, Cliff has surpassed its phase 2 milestones which include its first automatic burn, a CoinMarketCap listing, and a set burn time frame. With over 12,000 token holders, Cliff is set for the moon given its strong community support.