Stellar diamond is a deflationary token that aims to introduce a constant and passive income to all XLD holders through staking.
What is Stellar Diamond?
Stellar Diamond is a community driven project that is based on a BSC token called XLD. The project involves a very unique process that is fairly new in the BSC ecosystem. This process consists of four main functions:
- 1.Auto-liquidity: The contract provides additional liquidity periodically.
- 2.Rewards: The contract applies taxes to every transaction that it uses to fund the Starlink dapp which rewards all holders through staking.
- 3.Re-invest: Users can optionally turn their rewards into more XLD that are automatically staked to one or more pools.
- 4.Gradual buybacks & burns: The contract gradually buys XLD tokens and burns them. This increases the price and reduces the available supply.
The $XLD token achieves the above functions by applying a 9% tax on every $XLD transaction made in the blockchain. The funds from the taxes are then used for three distinct purposes:
- 3% is used to add additional liquidity into the PancakeSwap pool.
- 6% is used to fund the BNB reward pool.
- An additional 2% tax is applied when selling
The contract is verified on BSC scan and the address is: 0xDaf4F11947E73f0eeBEf4a820f4Be9B854aa993B
Visit the Stellar Diamond community channels to stay up to date: