We have thoroughly examined your tokenomics and conducted a comprehensive breakdown, identifying several crucial issues that require attention of $ELLS so you can keep building a world class product with no unexpected setbacks.
- The tokenomics of your project has a flaw where there will be a very high level of inflation, specifically 256%, in the first year. This means that the number of tokens available will increase rapidly, which can negatively impact the value and purchasing power of those tokens.
If this problem is not immediately addressed and rectified, the consequences will be devastating. Investors and token holders will witness the value of their tokens diminish rapidly, eroding their purchasing power and potentially leading to significant financial losses.
- Lack of liquidity backing for your project, which is concerning. Without sufficient liquidity, it will be difficult for users to buy or sell their tokens freely. This will create issues such as price manipulation, limited trading opportunities, and overall instability within the project.
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There are 2 more issues associated with your tokenomics..