CETO - The Crystal Elephant Token

 

STARTER INFORMATION

Despite the insurgence of coronavirus, with strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, CETO, a new financial ecosystem that introduces a fair and profitable concept, Utilizing the Tron Blockchain Technology has arrived.

"The biggest benefit of using Tron crypto is that you are empowering artists and content creators into having ownership of their content. Tron is leading a movement, which some refer to as the Third Web. It may sound futuristic, but it will make use of the Internet as it was originally intended to be used as a decentralised open network.

In the wake of the dotcom bubble, the Internet took a turn away from its decentralised origin and social media giants in Silicon Valley built on infrastructure that was given to them and rewired such that tech giants could make money from user data. In the Third Web, Tron will put power back in the hands of the users, who would be in control of their own data."

With that being said, CETO contract is autonomous and decentralized, it should not be considered a guarantee.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is CETO?

CETO is a new financial ecosystem that introduces a fair and profitable concept, Utilizing the Tron Blockchain Technology creates a new system that is more efficient and cheaper than using ethereum, a framework designed to provide a new, modified financial system for the long term, Compared to the current DeFi system This is used and is prone to various things such as rug pull, change owners, etc, CETO uses audited source code on a smart contract with a Hourglass Contract, it is a fair contract concept for all parties, early holders will get more profit when successful hold tokens and get a penalty when withdrawing too early but the penalty is distributed to other Token Holders, creating a win-win solution for all and of course a long term investment option.

CETO offers a new concept that is a solution for this with a cycle of framework that is resistant to this, Early Adopters / Holders cannot withdraw to make a sale because there is time. -span that needs to be fulfilled and when it cannot be fulfilled will be subject to a penalty fee, a stable increment between the Buy & Sell value will provide transparency in volume and increase demand over time. Users can get dividends in a simple way with just a few steps without the need for a complicated process and the Reinvest feature which makes the process automatic. Each holder needs to hold their assets for 30 days to get 100% incentives and in the table below you can see the Incentive System which suppresses the inflation rate in their system.

It will reduce the inflation rate and benefit various parties in the ecosystem as well as increase demand, eliminate pump & dump and transparent volume.

The Goal

Create a decentralized, autonomous, revenue-producing digital token that gets stronger as you hold longer, counter to the boom-bust lifecycles of cloned hourglass-style contracts.

How It Works?

The basic structure for the Crystal Elephant Token (CETO) contract will come from a clone of the well-vetted and audited P3D open-source contract – also known as an hourglass contract – with modifications made to incentivize longevity. Tokenholder is encouraged to hold tokens for 30 days+ or suffer a sliding scale of penalties for early withdrawal. Penalties are added to the transaction fee and distributed to other tokenholders.

The Process

Exchange Tron (TRX) for tokens that rise or fall algorithmically with every sale. Ten percent of funds from every transaction – deposited, withdrawn, or transferred – are taxed and proportionally distributed to all tokenholders as dividends. Penalties as high as 75% will be assessed for those who withdraw before 30 days.

About The Structure

Most hourglass contracts suffer from pump-and-dumps – early adopters/users getting in early and withdrawing their funds later at the same time – thus endangering their lifecycles. CETO offers strength through consistency.

Withdrawals of principal are as follows:

sell between 0-9 days (0-864,000 seconds), lose 75% of its value

sell between 10-19 days (864,001-1,728,000 seconds), lose 50% of its value

sell between 20-29 days (1,728,001-2,592,000 seconds), lose 25% of its value

sell on or after 30 days, you receive 100% of your principal value

The early withdrawal penalties are combined with the standard 10% transaction fee and distributed to tokenholders as dividends.

Why CETO?

The basic structure for the CETO contract comes from the well-proven, hourglass-style Proof of Weak Hands 3D open-source contract. P3D is a revolutionary economic model currently playing out on the Ethereum blockchain. The P3D smart contract has handled over 581K ETH (~$167M USD on average $287.95 USD/ETH) between February 16-December 29, 2019, with 58K ETH ($16.7M) paid out through the smart contract. Open-sourced and peer-reviewed for security, the P3D smart contract handles everything automatically, trustlessly, without human interference or manipulation: code is law.

Getting Started

If necessary, create a Tronlink or other compatible web wallet

Acquire TRX. If needing to use a fiat-to-crypto exchange, we recommend Bittrex or Atomic Wallet

Transfer TRX (or restore your Tron wallet address) to your Tronlink wallet

Create an account

The CETO contract will connect with your Tronlink wallet

Exchange TRX for CETO

Enjoy receiving dividends

Create and share your referral link for more dividends

Hold more than 100 CETO in your wallet and create your own custom referral link to share with others

Cashing Out

Sell CETO for TRX

Withdraw accumulated TRX (including dividends) to Tronlink/web wallet

Send TRX to external exchange to trade for fiat currency

Ride with Pride

If you’ve made it this far, give yourself a hand. You are ready to enjoy one of the most innovative and proven decentralized app economic models with built-in sustainability.

Remember: Elephants are smart. Bailing before 30 days is dumb. Get your full value PLUS dividends – and hold on for the ride.

Loyalty

Patience is a virtue. In addition to earning dividends on principal, the more TRX in the contract, the more TRX value of your CETO tokens.

When tokenholders’ 30 days are up and they inevitably withdraw some of their principal, it pays to take profit but leave principal. Always there will be daily waves of tokenholders cashing out, creating even more dividends once their 30 days are up.

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://crystalelephant.net/

Telegram Official Group: https://t.me/CETOofficial & channel: https://t.me/cetoken

Whitepaper: https://crystalelephant.net/whitepaper

Twitter: https://twitter.com/cetoken

YouTube: https://www.youtube.com/channel/UCNRN6hw26z6TGWiZpAk5XXQ

Name:Bayanganhitam

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