It’s an Engineering
We are happy to be the pioneers and are excited to showcase the new use cases that this will enable. Safemoon was the one to bring awareness around RFI and HODL rewards.
Achievement Unheard of Until Now in the
BSC Ecosystem
12% BNB is redistributed to holders
5% is used to fuel the liquidity pool exchange growth
DIWI will carry the innovation torch forward. We will share our vision with the world: the first auto-claim BNB reward mechanism. DIWI in a nutshell, DIWI is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in BNB instead of tokens.
In order to fully understand the BNB redistribution, we need to educate you on the reflection concept:
Classic redistribution
This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.
TL; DR: You receive more tokens automatically.
BNB redistribution
Popularized by HODL and GhostFace, a transaction fee is applied to every single buy /sell order, tokens are then swapped in realtime for BNB and added to a POOL (similar to how liquidity pools work). Holders can then go to a website and manually claim the BNB earned at specific time (daily / weekly / etc…). The BNB they can collect are based on their token holdings % and the current pool size.
TL;DR: You hold, then go to the website and request your BNBs
DIWI redistribution
Claiming manually is unintuitive for a couple of reasons:
Need to connect your wallet manually to the website
Time constraints as you need to return frequently to manually claim your BNBs
Educating holders is complicated. It’s difficult for them to understand the value until they go through the full claiming experience. More difficult to market.
We created a unique system that auto-claims for every single holder the amount due. We call it the DIWI PROTOCOL. The way it works for holders: You buy tokens and hold them, every 60 minutes you’ll automatically receive BNB in your wallet. Not a single action is required. Your DIWI tokens amount is persistant and won’t change.
Behind the scenes:
The contract keeps track in an array of all token holders
The contract keeps an index into the array for processing
Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)
The token is based on a Dividend-Paying Token Standard, which means all BNB the contract gains will be split equally proportionally to the token holders.
When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for BNB, or automatically buy back tokens for them.
The presale is split into 4 phases:
SEED PHASE / Presale Phase 1,2 and 3.
The price increases 15% with each presale phase. The token will be listed on Pancakeswap immedately after the presale is finished.
We are buidling an app where users can get free tokens by participating in events and meme challenges. (more information during/after the presale).
