An ERC20 token which has the deflationary in nature. Every token transfer has led a burn of 1 % of the transfer amount and it reflect with in the receiver account.
eg.- Alice sends 100 token to Bob then bob will receive 99 tokens.
Whilst this nature can be skipped for a sender by adding that sender in skippedAccountFromDeflation list.
Similarly there is a 5 days deflationary cycle for the new investors [def - A token holder whose balance changes from the 0 to non-zero]. 3 % of there balance get burned at the end of
5 day cycle. Burning of 3 % of the token holder balance is the lazy evaluation process. Again issuer can save the new investor from this deflationary cycle by adding investors addresses in skippedAccountFromDeflation list.
eg.- Alice sends 100 tokens to Bob (current balance of Bob is 0) during the 5 days deflationary cycle. Bob will receive 99 tokens.
Bob sends 50 tokens to Charlie at the end of current 5 day cycle. Charlie wil receive 49.5 tokens while Bob remaining balance will be 46.03 tokens.
- node >= v10.13.0.
- yarn >= 1.10.1
Setup -1
git clone https://github.com/satyamakgec/deflationary-token.git
Step - 2
yarn install
To compile
npm run compile
To test
npm run ganache-cli && npm run test
To deploy using the remix IDE run npm run flatten, It will create a new file SPAMToken.sol in the current directory which can be used for the deployment
using remix.