🪙The Foundation Of Sparky Bot & Its Ecosystem (Token Mechanics)

Choice Of Base Layer For Sparky Ecosystem:

The SPARKY Ecosystem has strategically chosen to launch as an ERC20 token and remain anchored to the Ethereum blockchain. The transition from ERC20 has largely been concluded. This judicious decision stems from the potential partialities tied to non-Ethereum chains, which frequently correlate with exchanges leveraging these chains in exchange for listings. Such arrangements compromise neutrality. Consequently, the liquidity observed on non-native exchanges for non-Ethereum chains often falls short, even for the more prominent chains.

Ethereum's reputation precedes it as the pioneering blockchain supporting smart contract functionalities. It boasts an influential effect, characterized by a vast user base, a thriving developer community, and a myriad of projects evolving on its platform. This culminates in advanced tooling, superior infrastructure, enhanced security, and augmented liquidity for SPARKY.

Our commitment remains unwavering in keeping abreast of proposed enhancements in the Ethereum network, especially in areas like scaling and gas price optimizations, including mechanisms like optimistic rollups. This vigilance ensures Ethereum's continued aptness as the foundational blockchain for SPARKY's initiatives. At this juncture, diversifying to alternative blockchains is not on our exploration radar.

Token Mechanics (Token Ticker $SPARKY):

Total Supply: SPARKY ($SPARKY) boasts a meticulously crafted tokenomics with a total supply of 333,333 tokens. This design ensures a balanced and even distribution, facilitating a just allocation among its users. With this significant token supply, SPARKY aims to offer its users abundant opportunities to engage with and benefit from the platform's diverse features and services.

Transactional Tax: Every time a transaction occurs, a 5% tax is applied. Out of this tax, 4% is directed towards our marketing fund to help promote and grow the platform, while the remaining 1% is set aside to buy back tokens. This system not only helps support our promotional activities but also encourages users to hold onto their tokens, as it offers benefits for both the platform and its community.

Lockup and Renounce Details: To make the SPARKY token safe and open for everyone, we'll lock its liquidity right when it launches. This ensures no one can tamper with the main fund. Plus, once the SPARKY token's contract is set up, we will renounce the ownership at an optimum time to make sure that the developer won't be able to change it. This makes the token fully run by its community, without any single person or group controlling it.