Community Based DeFi
TOKEN NAME : [ INCRYPT.x ]
SYMBOL: [ INCRYPT ]
DECIMALS: [ 18 ]
TOKEN CONTRACT ADDRESS:
[ 0x7767e80eb71a38e69e2eaf988f09b647ac1d2c82 ]
NETWORK: [ BSC SMART-CHAIN ]
Community Controlled Investment Fund.
The idea is simple; we want to push the boundaries of De-Fi, and create a completely transparent and decentralized community controlled Investment Fund built on the protocols for Decentralized Autonomous Organizations (DAO)
The $INCRYPT token was fair-launched on PancakeSwap on the 1st of June 2021 at 12:01 AM.
The $INCRYPT token follows a Deflationary and Auto Yield Generating (Static Yield Farming) Protocol.
Exclusive NFT Marketplce
An exclusive NFT Marketplace is being developed to trade unique digital NFT trading cards called X-Punks, which will also serve as avatars in the X-World Metaverse.
DAO - De-Fi: Collaborative Investment Strategies
The $INCRYPT token is built using the BEP20 standard on the Binance Smart Chain and employs Deflationary and Auto-Yield Generating tokenomics.
On every transaction, there is a 10% Tax imposed:
3% is Automatically burnt, thus reducing the supply and following the deflationary protocol.
4% Will be added to the De-Fi Wallet for investment purposes with 25% of the total value of the De-Fi wallet used for weekly Buy-Back and Burns which would further reduce supply while simultaneously adding BNB to the Liquidity Pool.
3% Will be redistributed to token holders, thus allowing holders to earn passive income by simply holding the token, also known as Static Yield Farming.
The burn address will not be excluded from reflection fees, so with every transaction the supply will be decreased in addition to the 3% burn fee aligning with the deflationary protocol.
Coming Soon: There will be 'wrapped' $INCRYPT tokens issued in the near future on the POLYGON (MATIC), TRON (TRX) and ETHEREUM (ETH) blockchain, in addition to the Binance Smart Chain. There will be direct User Friendly Flexible Staking options, which will allow $INCRYPT Token Holders to earn additional passive income, or exchange their BSC $INCRYPT for wrapped tokens. More details soon to be released.
In the Works:
Incrypt Smart Chain
In the works, as a potential future project, is the Incrypt Smart Chain; a multi-layered blockchain aimed at securing data transactions while maintaining individual user privacy. The Incrypt Smart Chain will have multiple cross-chain bridges to allow for liquid swaps across multiple blockchains and will be built specifically for hosting DAOs. The vision is that the Incrypt Smart Chain will be known as the ‘De-fi Chain’ where investment companies could register their fund, and get access to decentralized funding, while giving individual investors full transparency and traceability of funds. With tokenized stocks and forex derivatives becoming mainstream, the Incrypt Smart chain will be the gateway to all financial products. We are also exploring the possibility of having a satellite broadcast the Incrypt Smart Chain Network.
Muhammad is the founder of Incrypt Investments (Pty) Ltd, the parent company of INCRYPT.x. Muhammad holds a Bachelor of Arts Degree from the University of the Western Cape with a triple major in; Political Science, History and Advanced Business Communications as well a Diploma Course in Blockchain Strategy from Oxford University, UK.
Mikaeel Waja is a Political Science and Law Graduate from the University of Cape Town. Currently furthering his legal studies with an interest in corporate law and the impact of cryptocurrencies on tax laws. He is an early investor in the crypto space and has been a part-time copywriter for crypto startups since 2019.
Abdul Kader Mhatey
Abdul Kader is an entrepreneur who has started several businesses in Cape Town, South Africa; from small home businesses to full equipped franchised restaurants.
Meet The Team
Shaakir is a BCom graduate from the University of Cape Town, currently doing Honours in Information Systems. Shaakir's thesis topic is on Blockchain for Financial Inclusion, mainly focusing on how to provide financial services to the unbanked.
Amina holds a Bachelor of Business Science Degree with Honours in Marketing from the University of Cape Town. Amina has experience working with many FMCG companies in their marketing department.
Social Media Manager
Atheera holds a Bachelor of Arts Degree with a double major in English Literature and Film & Media, from the University of Cape Town.
Yusuf graduated from IIE’s Varsity College with a Bachelor of Commerce in Law, and is currently completing his LLB at the University of Pretoria. Yusuf is the Co-Founder of Bitcoin Mining company; E-Platinum Wealth.
Khalid has a BscEng (Electrical Engineering) degree from the University of Cape Town (UCT). Khalid is the Co-Founder, Director and 'Chief Satellite Whisperer' (CTO) of Astrofica Technologies.
Adam has a Bachelor of Arts Degree in Fashion Design, and has completed several graphic design courses.