Coyote™ Will Change How You Think About Crypto
I would venture to say that most people have heard about crypto, however they probably don’t know what it is. Is it money? Is it an investment? Is it a digital asset? Is it just a fad?
Crypto isn’t any one coin, it’s an idea that started in 1983 when an American cryptographer conceived an anonymous cryptographic electronic money[1]. Bitcoin (BTC) was created in 2009, the first decentralized cryptocurrency, now it’s owned by 15.29% of Americans[2]. In 2021 El Salvador became the first country to accept Bitcoin as legal tender.
The Negatives of Crypto
- Volatility — Large token holders can hold and dump coins, causing high levels of liquidity and unfairly handicapping small token holders.
- Favoritism — Certain holders can be favored in terms of the ability to put coins into the liquidity pools, devaluing coins.
- Exclusion — In some token models, the participants who are actually creating the most value on the network are excluded from rewards.
- Deceit — Some tokens liquidity pool include back doors where some addresses could drain the liquidity pool, much like a Ponzi scheme.
- Unfair — Certain tokens moved “burned” tokens into a reserve wallet instead of actually being removed from circulation.
- Confusion — Some coins inappropriately allocated funds or charged people for transactions that weren’t theirs.
Coyote™ is here to gain back your trust, providing a much better, safer crypto experience for everyone involved. We address the negativities listed above through our six commitments. We have learned from multiple launches and successful projects, creating a coin that has the best features of an RFI-type token while mitigating the weaknesses that have been built to many other past crypto projects.
Our Commitment To You
- Prevent whales from distorting markets
- Eliminate lopsided liquidity pool contribution
- Ensure rewards for all holders
- Eliminate any rug pull risks
- True token burn
- Transparency and fairness with gas fees
This is the beginning of a six part series in which we will be exploring each of our commitments more in depth. Follow us on Medium to learn more over the next month and a half.
