Huskyx is a token of the project Huskyx Finance that is built on the Binance Smart Chain. Binance Smart Chain is a blockchain network developed for running smart contract–based applications. The primary aim of the asset is to rise above and beyond its community by providing traders with opportunities to safely finance in its high-quality NFT projects. Further, the currency plans to develop NFTs and a marketplace and play-2-earn games for its community. To support this entire vision of the project, Huskyx Finance launched its cryptocurrency HUSKYX token.
Huskyx is a deflationary token, which means the total supply is consistently decreasing, making it more and more rare. The token reflects a combination of dividend reward and rebase functions as its primary functions. The rebase (elastic supply) function highlights a mechanism where the circulating supply of the token will be increased or decreased using a process called rebasing. On the other hand, the dividend reward reflects an 8% return to token holders against holding the token in their wallets. Further, this 8% reward aims to be paid back to token holders in Ethereum token and meme coins as reserved by the contract of the token. This includes 2% of the income being spent on the development of the project and 4% of the income being spent on the marketing of the project. Besides these, 2% of the income generated will also be fed to the liquidity pool of the project.