KarenCoin, the Fastest Scaling Cryptocurrency Built on the Most Recognizable Meme in the World, to List on BitMart Exchange
BitMart, a premier global digital asset trading platform, listed KarenCoin (Karen) on June 24, 2021. For all BitMart users, the KAREN/USDT trading pair has been officially available for trading at 8:00 AM EDT.
What is KarenCoin?
There is generally a lot of risk involved when investing in defi tokens, a lot of lot of scamming happens and investors lose a lot of money, however defi/meme tokens still represent a $20 billion industry.
Karen Coin has realised this problem and wants to help investors make smarter buying decisions.
Karen Coin is launching an exciting WORLD FIRST Meme Token Launchpad called ‘Karen Approved’. This platform will audit coins and give specific ratings to the investment risk and opportunity of the projects that make it onto the website through vigorous and lengthy auditing processes and security checks.
It will also have an IDO feature to allow legitimate projects to gain exposure and followings and help investors find the best long term projects to invest in.
Only the best projects that tick all the boxes will be allowed on our site with the ‘Karen Tick of Approval’.
This will revolutionize the way people invest in defi tokens and put a stop to scammers once and for all!
Karen Coin is a deflationary defi token that takes a 8% fee from each transaction made with the token then generates 4% liquidity and 4% reward distributed to holders. The more you hold the more you earn! The purpose of this is to incentivise investors for holding and punish whales (Large market manipulators). 50% of the total supply of coins was burnt prior to launch.
Fair Launch Protocol & Transparencty
Their main focus with Karen Coin is to create absolute transparency and generate full clarity for investors to know that what they are trading is safe and secure.
The team behind Karen Coin ensure that everyone enters Karen Coin with equal opportunity by initiating a fair launch, meaning that there are no allocated coins to developers and the team is to buy in at the same time as the rest of the community.
Karen Coin was fair launched on PancakeSwap. They also then relinquished all control of the Karen Coin contract to a dead address. As a result, no single person or entity has control of the contract making it decentralised and 100% community driven with no backdoors or hidden ownership as it is impossible to access the contract through a dead address. This then puts the ownership and growth of the token into the hands of the community.
In regards to the liquidity pool, they burnt the LP tokens at the beginning by sending them to a burn address, not locking it like most people do.
They are engaging with multiple audit companies to become certified and allow everyone to see the safety in the Karen Coin contract. They have already obtained their first audit through Dessert Finance.
Automatic Locked Liquidity Pool (LP)
Karen Coin employs an automatic liquidity pool algorithm within the contract which collects 4% from each transaction no matter whether the order is to buy or sell and adds it to the LP. The goal is to minimize price movements when larger wallet holders decide to sell their tokens at any point in time.
Having the Auto LP algorithm in place helps reduce significant price fluctuations when compared to coins without it. Theoretically the added LP creates stability from the supplied LP by adding the tax to the overall liquidity of the token, increasing the tokens overall LP and supporting the price floor of the token.
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Karen Coin is the fastest scaling cryptocurrency built on the most recognizable meme in the world! Their main focus with Karen Coin is to create absolute transparency and generate full clarity for investors to know that what they are trading is safe and secure. To learn more about KarenCoin, please visit their website, follow their Twitter and join their Telegram.