FalseUSD

FalseUSD is a hyper-deflationary token backed by air and capable of maintaining steady rewards using its buyback contract. FalseUSD also rewards users for holding tokens.

With the FalseUSD contract, a fee on every transaction is collected to fund the buybacks. When FalseUSD tokens are bought back from the open market, they are immediately burned. This mechanism helps to limit the token supply and increase the price and the demand. We don’t need to be backed by the fucking dollar.

The token has a 7% transaction fee on all buys, sells, and transfers.

• 3% of every transaction fee is redistributed within the ecosystem to the token holders.
• 3% of the transaction fee is reserved for the buyback and burn fund.
• 1% of every transaction is used for marketing and development. We also use it to buy air and maybe we’ll plant trees.