The end result?
This mechanism not only incentivizes holding the token, which can help stabilize its price, but also offers holders a way to earn additional income passively.
Welcome to Based Internet Money
Its time to get your money up!
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$MONEY is a pioneering #Hold2Earn #Reflections token on the #Base network, allowing you to earn $USDC simply by holding $MONEY tokens! All earnings are automatically and fully deposited into your wallet.
Get your $MONEY up this bullrun,
starting now! By holding $MONEY, you’ll have #USDC automatically deposited into your wallet without any action required! No need to connect to a dApp, claim rewards, or manage anything – enjoy completely effortless passive income!
Passive Income through Holding:
When you hold tokens like $MONEY in your wallet, you automatically earn rewards. These rewards are usually a percentage of the transaction fee from every trade involving the token or from a dedicated reward pool.
Automatic Distribution:
The rewards are distributed directly to your wallet without any additional steps required from you. This means no need to connect to decentralized applications (dApps) or manually claim rewards, making it a truly passive income stream.
Mechanics of Distribution:
For instance, with $MONEY on the #Base network, a portion of every transaction fee (e.g., 5%) might be redistributed to all holders. This redistribution could be in the form of USDC, enhancing the value of holding $MONEY over time.
Community and Marketing Focus:
Part of the fee collected might also go into marketing or development wallets to promote the token, attract more investors, or fund further development, indirectly benefiting holders by increasing the token’s value or utility.
The #Hold2Earn mechanism
particularly as described for tokens like $MONEY, operates on a principle where holders of the token are rewarded with additional cryptocurrency—often the native token of the blockchain or another valuable token like USDC—just for holding the token in their wallet.
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It's all about the $MONEY!