Cryptethic Whitepaper

When you sign-up on an exchange for the first time, using our referral code, we start accumulating a % of your trading fees as commission (the % varies depending on the exchange you've opted for).

At the end of each month, the commission generated by you, will be used to subsidize the crypto project/s you selected.
This will be done either by:
- reducing its supply, through burning;
- adding liquidity;
- funding development, in which case the capital raised will be sent to the projects community pool;
This will be decided through voting, by the users supporting each project.

Cryptethic is devoted to returning a minimum of 80% of the commission generated from your trading fees to a cryptocurrency of your choice.

For full transparency we will be integrating our platform with the exchanges, to have live verifiable data from the commission dashboard on each exchange. This will show the commission generated on each exchange. You will be able to verify this by going to the Exchange menu and selecting the one you want to view.

On the last day of each month, the funds accumulated will be swapped to the corresponding token of each project and either burned, used to add liquidity, or sent to the community pool of said project.

The remaining 20% of the commission generated will be split as follows:
- 10% to the cryptethic Treasury to be used as airdrops & rewards for our users;
- 5% for development & maintenance;
- 5% for marketing & partnerships;

Onboarding new projects

All new listings require the teams to commit a predetermined % of the supply to be able to return at least 5% of the commission generated towards them as rewards.

Exemple:
Cryptethic lists project X:

- Cryptethic users that choose to support project X, generate 10.000$/month as commission to buyback and burn project X coins;
- Project X team has to commit enough X coins, to be able to return at least 5% of 10.000$ = 500$ as rewards, each month, to cryptethic users that support them;

Each project is free to choose the % they want to give back as rewards to the users that support them. Minimum is 5%. The rewards will be sent at the end of the month, in the users linked wallets, by each project. Failure to do so, will result in the immediate delisting of said project & a lifetime ban from our platform.