The $OWL token serves as the governance token for OwlDAO, similar to SafeMoon. It can be found on both the Polygon and BSC Networks. OwlDAO's main objective is to manage a treasury that is directed by a decentralized autonomous organization (DAO). They aim to collaborate with prominent protocols and contribute to the development of the future of crypto games. OwlDAO is backed by Owl.Games, a well-established Casino Solutions platform on the Ethereum network.
OwlDAO benefits Owl.Games through ongoing partnerships and expansions, promoting community growth and subsequently increasing the casino's income. In support of the OwlDAO ecosystem, Owl.Games commits to contributing 30% of their profits to the OWLDAO treasury on a monthly basis. These funds are utilized to finance Owl Pools, reward token holders, and sustain the OwlDAO ecosystem.
Additionally, $OWL token operates similarly to SafeMoon, with a 10% transaction fee. Out of this fee, 3% is distributed among token holders (automatically increasing their balance), while the remaining 7% is used for auto-liquidity. This feature provides additional benefits for the growth of the ecosystem.
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