Bag Token has taken inspiration from Hex, then added some twists, fun and gamification. Bag Token rewards the strong hands and punishes the weak.
Bag will launch on Ethereum and Pulsechain as independent tokens. They will launch simultaneously, each with a low, fixed, deflationary supply.
To incentivise hodling, tokens have a Hodl Period of 555 days. Selling before 555 days incurs a tax penalty. The Hodl Period will also reduce by 5 days every 7 days from launch.
The earlier the sell, the higher the penalty. Sell tax will be 20% on launch day or purchase day, reducing daily until it reaches 5% when the Hodl Period ends.
75% of all sell tax will buy Bag Token on the opposing network and then burn the tokens, thus increasing the value of Bag on the opposing network.
25% of all sell tax goes to the BTCB wallet to build a bag of Pulsechain, this is distributed to the sacrificers that hodl for 555 days. Be careful though, if you sell any of your Bag, you lose your share.
We are a team of blockchain enthusiasts who have been active in the cryptocurrency space since 2017.
Richard Heart has been an inspiration to us and we are excited to support Pulsechain's growth and help to reduce the fees on Ethereum, in the next bull run and beyond.
We have developed Bag Token to spread the word about Pulsechain, bring over Ethereum users and help grow our amazing network.
Our vision is to build an engaged community, united by an appreciation for a good old fashioned meme, have some laughs and make some gains along the way.
To demonstrate our commitment and integrity, our experienced but anonymous founder has passed KYC verification with Assure Defi, validating Bag Token's authenticity. Additional team members will also be introduced publicly soon.
We're committed to full audits of both contracts pre-launch, locked liquidity, renounced contracts and a 12-month lockup of team tokens to assure Bag holders of our dedication to the project.
Our goal is to build community trust and hold ourselves to high standards of accountability.
Any terminology used in this website, in our bagpaper or our social networks is intended solely for reference purposes. Bag Token is not a serious investment of any kind and sacrifice points have zero monetary value. You must have no expectation of profit from sacrificing for Bag Token.
Bag Token was created as a memecoin and is experimental in nature, outcomes are unpredictable and there are inherent risks involved. Participating in the sacrifice could result in a 100% total loss.
Bag Token holds no affiliation with Richard Heart, Vitalik Buterin, Pulsechain or Ethereum.