Relic Whitepaper

SNAPSHOT

Token Info:

  • Token Name: RELIC
  • Initial Supply: 1 Trillion Tokens
  • Fees: 8% Fee on Each Transaction
  • Burn Rate: 1% of Transaction Amount
  • Burn Stops: 1 Billion Tokens

Launch Details:

  • 80% tokens added into pancake swap liquidity pool
  • 5% added to RELIC development wallet
  • 1% added to RELIC charity wallet
  • 10% reserved for Dev team
  • 40 billion RELIC tokens reserved for airdrops (4%)
  • Owner Account & Liquidity locked for 5 years

A. Key Features of Relic

RELIC is a unique community driven decentralised finance (DeFi) token that is deflationary and features automated yield and liquidity generation. Designed to be the most holder centric token on the market today, RELIC offers a unique feature set that was not available on other tokens at launch.

  • 1% of each transaction amount is burnt
  • Relic holders earn passive rewards through static reflections as they watch their Relic balance grow indefinitely.
  • Each transaction incurs a 3% fee that is reflected to Relic holders.
  • Unlike numerous other tokens – the black hole and liquidity pair does not get any reflections so the community gets a much larger percentage of the 3% fee.
  • Each transaction incurs a 2% community fee
  • The community pool is used to reward relic holders with tokens
  • Every community pool transaction distributes 100% of the transaction amount to all Relic holders via Reflection – built into code – unchangeable.
  • The Relic smart contract only allows the community pool to transfer tokens via reflection to holders.
  • Each transaction incurs a 2% liquidity fee that automatically contributes to auto generating liquidity back into the AMM liquidity pool.

Key Addresses

Description BSC Address Included in Tokenomics Subject to Trx Fees
RELIC Contract 0x9051398cC35496b532f28418B2D8e0b718FE69DA No No
RELIC Pool Account 0x0BeeefcB210Ac9a2d22aaC74af11DEC39C14D8A8 No No
RELIC Dev Wallet 0x7E18F2fA69A2d6c605862C2B139B3A52Db9ee13b Yes No
RELIC Charity Wallet 0x8E94b362fF467FBAEFeabDd99f1D91aB21172Ac7 Yes No
RELIC AMM Liquidity Pair 0x705BF6655eb03f9a149a20d02034e6812ad22896 No Yes

How will Liquidity Locking work?

The Problem

What is the best mechanism to lock away liquidity that is initially seeded and also automatically generated. Using liquidity locking platforms required the liquidity tokens to be already generated and there is a cost associated each time. Many other tokens currently lock initial liquidity on platforms like Unicrypt, but auto generated liquidity generally goes straight to the owners account which is always issue.

Relic Approach

Initial liquidity and auto generated liquidity tokens (LP Tokens) will be sent and stored directly in the contract – this will allow transparency and ensure the contract lock also serves as a liquidity lock.

Once the ownership lock function is called – the contract owner address will be set to address zero and the LP tokens will be locked and continue to build up within the contract. Below are screenshots of the liquidity stored in-contract and the current ownership lock.

B. High Level Architecture

C. Standard Transfer Function

The standard transfer function will be used to service all RELIC transactions except those of the Pool Account. The function performs a variety of tasks including checking the caller is not the pool account, determining if fees are chargeable and initiating the automated market maker swap.

D. Community Transfer Function

The community transfer function can ONLY be used by the pool owner. Any transfers out of the pool account are 100% automatically distributed to holders in the proportion of their holdings. There are no checks on the length of time the holder has had RELIC – if RELIC is held a distribution is received irrelevant of when bought. This function does not perform whale detergent features or check for fees.

** Note: Whale deterrent features were removed post launch as issues were experienced with PancakeSwap internal account swaps clashing with this feature enabled.

E. Privileged Functions

The RELIC smart contract is similar to most others that implement Ownable. There are certain functions that are only accessible to the owner. Once contract ownership is renounced – access to these functions are no longer possible.

When designing RELIC one of the key considerations was future proofing and operability. What happens if RELIC no longer needs to generate auto liquidity, how does RELIC engage with exchanges without renouncing ownership.

The introduction of the pool account has helped answer a number of key concerns and use cases. Once contract ownership is locked for the 5 year period – the pool account can manage a number of admin functions that will help future proof relic. Below are the details of what the pool owner can and cannot do post ownership lock.

E. Owner Only Priviledged Functions

The owner only functions will be available to only the RELIC owner or admin. These functions are built in to future proof RELIC and allow setting of system related variables that relate to the core of the tokens operation.

All owner only functions are unavailable once lockOwnership() is called for the period of the lock. RELIC is currently locked for 5 years.  

A standard function the renounces ownership to the zero address. Any owner only functions will never be accessible if this function is called.

Allows ownership transfer to another account

Sets owner to zero address for a set period of time. Owner only methods can no longer be executed.
Updates the AMM router address incase there is an upgrade from v2 to v3. This would also require a movement of liquidity between the V2/V3 AMM pairs.

Creates a new liquidity AMM liquidity pair.

Allows setting the AMM Pair manually if required if the auto generation doesn’t work.

Allows setting the transaction tax that is distributed back to holders.
Allows setting hold pool fee
Your Content Goes Here
Your Content Goes Here
Allows rescue of tokens to pool account.

F. Owner OR Pool Owner Privileged Functions

The following functions allow the owner or pool owner to operate key features of the token. These functions will be used to operate the token by the pool owner while the contract is locked and ownership functions are not available.

A function for future proofing that allows the transfer of pool ownership. This function cannot be executed unless the community pool has been disbursed under 1% of current supply.
Used to carry out the community pool transaction.
If any issues with AMM – allows manual swap and liquify
Function that allows transfer of pool ownership. Only allowed if the pool has been disbursed to a value less then 1% of circulating supply.
Allows exclusion of a holder from tokenomics.

Allows inclusion of a holder in tokenomics

Exclude senders from all fees for RELIC transfers

Exclude receivers from all fees for RELIC transfers

Excludes a specific Sender – Receiver combination from all fees on a RELIC transaction

Sets the number of tokens to sell to liquidity

Sets the liquidity fee percentage.

Enables or disables swap and liquify.

Sets the maximum amount of a RELIC transfer.

Sets the maximum that a wallet can hold.

Swaps BNB for RELIC and adds to the community pool.

G. RELIC Audit

RELIC has been Audited by Quill Audits.

View the Certificate | Download the AUDIT PDF | Or learn more about Quill Audits below.

View the Full Audit Details
More about Quill Audits