The Cobra Token

BITE

Basic Information

• Token Name: Cobra Token
• Token Symbol: BITE
• Chain: Binance Smart Chain (BEP20)
• Max Supply: Unlimited
• Contract Address: RELEASE 5 MINS BEFORE FAIR LAUNCH

Emission Rate (Automated Emission Reduction)

• Initial Emission: 0.5 $BITE per block
• Lowest Emission: 0.1 $BITE per block
• Reduction of 20% every 6 hrs (THE 6 hrs will increase at a 30% rate after every single emission reduction)

Deflationary Burning Exercise

Every 24 hours, AFTER FARMING:
- 80% of all developer $BITE tokens will be burnt.
- 12% will be used for Airdrop distribution (till completed) and giveaways
- 5% will be parked for our marketing campaigns
- 3% will be kept to use as backup for marketing/giveaway