Cryptotaxis TokenCTAX
$0.00656
Market/Exchange
CTAX Price Prediction and Price Movement
CTAX has been down 98.78 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that CTAX's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if CTAX is backed by a solid development team and whether CTAX's technology has any potential to grow.
Please note that this analysis is purely base on CTAX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Cryptotaxis Token Price Chart
About Cryptotaxis Token
Cryptotaxis is a new play-to-earn inspired by other projects that have managed to excel in maintaining a stable economy for a long time. This project will have a staking system that will reward the token and NFTs holders giving it a higher value in the market.
###How to participate?
There will be two roles for players: taxi owners and taxi drivers. Taxi owners will get passive rewards for renting their taxis, while taxi drivers will get rewards for driving the taxis. To be a taxi driver, you will need to have a driver’s license, this will be an NFT asset and will have levels, the driver will be able to serve a limited number of passengers during the day, based on the level.
Rewards
There will be many ways to earn rewards in Cryptotaxis, whether it be renting taxis, driving taxis. and staking $CTAX. These rewards will be established at a fixed price in US dollars thanks to the oracle system that will be implemented.
What is the oracle?
The oracle is a system developed to establish Cryptotaxis rewards at a fixed price in US dollars, this system will take the $CTAX current price and convert it to US dollars, calculated with smart contracts.
Marketplace
Cryptotaxis will have its own marketplace where you can buy and sell any asset of the game, such as taxis and driver’s licenses.
Re-circulation of tokens
Cryptotaxis believes that the re-circulation of tokens in the ecosystem is healthy for the economy, preventing some group of tokens from running out of funds in the future. All taxes collected will be collected and will be re-circulated by sending them to the Cryptotaxis reward pool.
About Cryptotaxis security
The development team chose to develop and deploy all the smart contracts of the project in the Binance Smart Chain (BSC) trying to obtain as many users as possible in the project due to the popularization of this blockchain and at the same time having the security that this network uses, staking-proof consensus algorithm.
$CTAX
$CTAX is an ERC-20 token created without any ownership role, and without the possibility of creating more tokens. The Initial Liquidity Offering (ILO) took place on December 1 in Unicrypt’s platform, and 300 BNB were raised by selling 1,000,000.00 tokens, all the proceeds were added to the token’s liquidity for Pancakeswap and blocked for a year.