COMET Tokens are minted to generate you BNB dividends continuously every single time any other member of the exchange buys, sells or transfers COMET tokens.
The Comet Protocol pays COMET Token holders 20% dividends through total trading volume. Holders receive their BNB dividends proportionally and instantly, relative to the total COMET circulating supply.
Comet eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading. Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized.
Comet provides users with a seamless swapping tool to exchange BNB and COMET tokens and allow COMET holders to earn automated dividends in BNB instantly generated from the exchange.
COMET holders will receive trading fees in BNB. After buying COMET tokens the smart contract automatically recognizes your holdings and generates dividends in BNB.
There is also NO lock-in period on your ability to sell, transfer or anything else you do within the protocol. You are always able to exit your position whenever you like, in full.
Unlike many other crypto coins which price is usually determined by centralized exchanges that are susceptible to wash trading and price manipulation, in Comet protocol the COMET token price is managed by an incorruptible algorithm in the smart contract code.
Simply put what this part of the code does is increases the COMET token price as COMET are bought and decreases the price as COMET are sold. When COMET are bought they are minted by the contract and added to the total supply, the BNB collected in the sale is stored safely in the contract. When COMET are sold Cometprotocol burns them and decreases the total supply. COMET can only be minted when BNB is sent to the contract, when COMET are sold they are burned and the BNB value they represent in the contract is released.
In conclusion, COMET token doesn’t have a set minimum or maximum supply. COMET token is not owned and controlled by any developers and admins. Everyone is fair to own a piece of COMET tokens by directly swap with the COMET protocol.
Website: https://cometswap.org/
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