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What is Elon Peg?

ElonPeg presents a new financial model for the now-common deflationary token: automated burn pegged to the Twitter account of the one and only Elon.

Full description of Elon Peg

ElonPeg presents a new financial model for the now-common deflationary token: automated burn pegged to the Twitter account of the one and only Elon. Our system is unique, combining outside If-This-Then-That style API calls to scour Twitter regularly, highly secure serverless compute resources to take Blockchain (?) requests, and our specialized BurnUponTweeting contract to transparently execute burn upon tweeting. Elon tweets are known to cause market volatility, both upward and downward trends. With every tweet, retweet, and reply our BurnUponTweeting contract will automatically send 0.5% of its supply to burn, which awards holders with reflections, deflates the supply, and contributes to liquidity all at the same time! Every burn also records the tweet ID in the transaction event log, for full on-chain transparency. With its 9% fees (3% to holders, 3% to liquidity, 3% to marketing, events, and carbon offsetting) and automated deflation method, ElonPeg is the first Elon-Pegged Crypto (?) Token (?) and a hedge (or boost!) for volatility-inducing Elon tweets.
  • Exchange symbol (?): ELONPEG
  • Cryptocurrency type (?): Token (?)

Elon Peg for developers

Elon Peg social sites 

 Source: NOMICS

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