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About the token
Hold Crypto, Earn Stocks
Earn Tesla (eTSLA) is an BEP20-compliant cryptographic token that can be traded on the Binance smart chain. It is the first token that’s going to be integrated in the Numus ecosystem. The token belongs to the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): holders get rewarded in tokenized version of stocks instead of the native token. The mechanism works in a way that every transaction is taxed and the rewards for holders are distributed from the taxes. Therefore, holders of eTSLA token will receive tokenized version of Tesla stock as a reward.
What is a tokenized version of a stock?
A tokenized version of a stock is a token that mimics or replicates the price of the stock ($ for $ and % for %). It means, if the Tesla stock price is 700$ at the moment, the price of a one stock token will be 700$. If the price of a stock falls to a 600$, the price of a one token will also drop to 600$. Therefore, hold one tokenized stock it is almost the same as owning a stock. Tokenized versions of stocks on BSC network are provided by Mirror protocol. As Mirror ecosystem is important for Numus project, section Mirror protocol shortly introduces the Mirror protocol and the mechanism how the token follows the price of the stock.
Last modified 7mo ago
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