SchoTex introduces a Defi Token with High Utility and Good Purpose
Jan 5, 2022
SchoTex Ecosystem is a newly launched decentralized global experiment with a clear plan to bring a new dynamic to the world of community-driven tokens by serving utility & purpose in the crypto industry.
New York, United States - January 4, 2022 —
In day-to-day life, people are often confronted by situations where centralized institutions set the rules to follow. Without going into detail about whether such laws benefit the well-being of most or serve the personal interests of a few, the fact is that centralized structures need a lot of time to adapt when faced with new challenges.
Such a pace for adaptation may have never been a real issue in the past, but today the world requires much quicker progress, as the global society faces many complex and unknown challenges. These challenges present themselves on a global scale in a matter of hours or days. It may be a pandemic spreading faster because of high mobility or even struggling to find one’s own identity. At the same time, the digital actions are continuously being monitored and sold without the concession.
Quite often, people must fight to be treated as equals, get access to the essential tools (such as food, health, love), and allow them to develop themselves, their visions, and consequently, their world. Hence, the idea of centralization as “the only way to go” seems just outdated. The world needs innovative power to deploy solutions quicker than centralized institutions. Responding to today’s challenges at the pace required by a new generation, decentralized approaches are one of the most potent weapons.
Decentralization at its core means dispersing the decision-making power among all “levels” of hierarchy. Jiaschot The Dev Lead followed some path envisioned by Satoshi Nakamoto, the Bitcoin founder, and Ryoshi for the SHIBA community with more advanced features to make the world a Decentralized one, eliminating any obstacle that can hinder the growth of technology. Schotex Ecosystem is a decentralized global project. The ultimate goal of Schotex is to create a world governed by the people that operate in a limitless manner, where every person is prominent in their capacity without limitation from centralized 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 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. It means no token can be minted in the 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 add more value to the Schotex token, leaving only 21%. Schotex Token Community can burn tokens as necessary to reduce the circulating supply from time to time.
From its inception, Schotex Ecosystem has done things differently. 0.5% Schotex Token was “sent” to Binance Exchange. The Dev Lead @Jiaschot trusts 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 their roadmap.
0.5% of the max supply was sent to Binance Exchange Wallet Address: 0xf977814e90da44bfa03b6295a0616a897441acec BINANCE 8
Schotex Ecosystem is a fully decentralized and vibrant community-owned project that welcomes and embraces diversity, innovative ideas to deliver different dApps that will increase crypto adoption. Their opinions are powered by highly respected developers across the globe with a shared vision to build other Dapps under one Ecosystem.
Different projects will be launched in the future to benefit Schotex token holders. It will be reviewed on the entire public Schot Paper following our roadmap. Schotex Ecosystem will use EVM-compatible blockchain and solidity-based smart contracts to deliver different Metaverse dApps that will revolutionize human adaptation to crypto tech. Their mission is to build a robust ecosystem; that embraces diverse, innovative ideas to deliver different Dapps, increasing crypto adoption globally. Schotex Ecosystem will generate community-driven funding to support Angel-centric charities around the world.
Their plans are for the long-term development of the Schotex Ecosystem, which will evolve into a worthwhile investment that extends beyond fads. They are proud to announce One Million SchotEx Token Airdrop for the community! They are giving away a total of one Million SchotEX tokens as a shared airdrop to anyone that joins the community and participate by completing the airdrop tasks.
The Airdrop will include a referral program. Once the holder registers himself to the Airdrop, there will be a link, unique to each participant, that they can share with their friends to invite them to participate in the Airdrop. Rewards are as follows: The first 5,000 people who complete the task correctly will receive 500 SCHOT Token each. The first 250 people who meet the task correctly will be whitelisted for the SchotEX token presale. The first ten people with the highest referrers will receive 0.25BNB each.
Schotex Ecosystem will establish its Incubator of ideas to benefit the Ecosystem. This Incubator will play as a mediator between developers and the community to provide vision and create opportunities that strengthen our future, which will, in turn, increase Schot’s value over time. Schotex Ecosystem growth and accomplishment of its mission is with their help. Everyone can help, no matter the size of the portfolio.
Intending users with crypto-enthusiasm willing to invest must visit their official website for more information. They can also join on their Telegram, Twitter, Reddit, and Github to connect with the experts of $SCHOTEX Token!
Contact Info:
Name: SCHOT
Email: Send Email
Organization: SCHOTEX ECOSYSTEM
Website: https://schotex.com/
Release ID: 89058929
More News
‘Nervous and Skeptical,’ Greenlanders Question the New Deal With Trump
The U.S. president’s threats to seize Greenland left its people on edge, and with details scarce, the news of an agreement didn’t seem to be putting minds at ease.
Group With Al Qaeda Links Claims Responsibility for Attack in Pakistan
The attack on a mosque inside a police compound, killing at least two dozen people, is the latest example of the worsening violence near the Afghan border.
India Is Again Squeezed Between the Threat of Trump Tariffs and Russian Oil
India is trying to secure affordable energy while preserving a crucial relationship with Washington, a balancing act made harder by turmoil in global energy markets.
China’s GoPro rival Insta360 opens first US flagship store in New York’s Times Square
Chinese action camera maker Insta360 is deepening its US footprint with a flagship store opening in New York as it navigates escalating price competition with DJI and industry-wide memory cost pressures. The Chinese GoPro rival was slated to plant its flag in the heart of Times Square with its first flagship retail store in the US on Saturday, a marquee launch as the firm looked to “leap to the next stage of growth”, co-founder Max Richter said. “The US market plays a very important role for us...
AI: 10 days that changed the course of artificial intelligence
For years, the race to build ever more powerful artificial intelligence followed a well-worn Silicon Valley principle: move fast and break things. But in a series of cascading events over a 10-day stretch, the largest AI labs found themselves reeling as their own creations threatened to break humanity itself. An Anthropic researcher quit the firm, warning that the pace of AI development poses an existential threat, possibly within a decade. Another researcher at the firm said the odds of human...
Malaysia’s Loke resigns as transport minister following Najib’s house arrest approval
A senior ally of Malaysia’s Anwar Ibrahim announced his resignation from cabinet on Saturday – a day after confidence in the prime minister’s administration took a severe hit when disgraced former leader Najib Razak was allowed to serve out his jail term under house arrest. Anthony Loke, the secretary general of the Democratic Action Party (DAP), said that the party could not accept the decision to allow Najib to complete his sentence in the comfort of his own home. The former prime minister is...
A Vision of Chekhov’s ‘Cherry Orchard’ Rooted in Modern Korea
The director and writer Simon Stone updated the classic work to reflect the world we live in with this Korean-language adaptation at the Park Avenue Armory.
AI doesn’t just answer questions – it legitimises bad ones
Years ago, I watched a focus group explain itself into a contradiction. We asked people what mattered when choosing car insurance. Price won. The deductible came next. Reputation did not appear. During coffee, I asked the interviewer to change the question. How much cheaper would a less prestigious insurer have to be before they switched? One participant, who 15 minutes earlier ranked price first, said no discount was large enough. Nothing changed except how we asked the question. Something...
Malaysia deploys air force aircraft for cloud seeding to combat worsening haze
Cloud seeding operations will be carried out in Selangor, Kuala Lumpur and Putrajaya following worsening haze conditions in Malaysia, according to the National Disaster Management Agency. The agency said the operations would be scheduled for Saturday and Sunday. “However, the operations are subject to weather conditions and the availability of suitable clouds for the seeding process,” its director general, Meor Ismail Meor Akim, said in a statement on Saturday. The operations will be carried out...
South Korean Leader Says He Will Not Send Troops to Iran, Despite Trump’s Call
President Lee Jae Myung’s comments followed President Trump’s repeated demand for “a little hand” from South Korea, a decades-old American ally.
Young Nepalis battle climate dread in wake of flood disaster
Alina B.K. should have been preparing for her end-of-year university exams, but news of devastating floods along the Nepal–Tibet border kept pulling her back to a troubling question: what kind of future awaits her? The 21-year-old forestry student, who coordinates the Pokhara network of Nepalese Youth for Climate Action, said she struggled to concentrate as reports of death and destruction deepened her fears about a changing climate. “With the floods and deaths happening around us, it is really...
31 dead in Pakistan after suicide bomber, gunmen attack police complex
The death toll from an explosion and gun attack at a police headquarters in northern Pakistan rose to at least 31, including 16 police personnel, a senior police official said on Saturday, with fighting ongoing. An attacker rammed an explosives-laden car into the Old Police Lines complex while gunmen stormed the compound on Friday afternoon as officers and their families were praying in a mosque. The police complex at Kohat, a town of around 220,000 people in Pakistan’s Khyber Pakhtunkhwa...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.