Schotex Ecosystem is a decentralized global experiment with a clear plan to bring a new dynamic to the world of community-driven tokens by serving through utility & purpose. The ultimate goal is to create a world governed by the people, that operates in a limitless manner, were every person is prominent in their capacity without limitation from centralize authorities. Schotex Token is designed to fit perfectly into Schotex Ecosystem as a Governance token which will allow the community to vote on upcoming proposals. Schotex Token will start as a type of deflationary, community-driven DeFi token that provides passive rewards to holders. bringing new dynamics to the world of community-driven tokens by serving through utility & purpose. Schotex Token has a strict limit max supply of 152,562,652,400 (one hundred fifty-two billion five hundred sixty-two million six hundred fifty-two thousand four hundred) with no mint function. This means no token can be minted in future. 79% of the max supply will be burnt through a gradual burning mechanism already in the contract to create scarcity in the market and adding more value to schotex token, leaving only 21% of the max supply. Schotex Token Community has the ability to burn tokens as necessary to still reduce the circulating supply from time to time. From its inception, schotex Ecosystem has done things differently. 0.5% Schotex Token was βsentβ to Binance Exchange. The Dev Lead @Jiaschot trust Binance Exchange to distribute the received token to their users as airdrop at their own suitable time. Binance Exchange having contributed so much to crypto adoption globally is ever willing to do so following our roadmap
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