SAVE on XRPL

Abstract

SAVE on XRPL is a community-driven memecoin on the XRP Ledger, tailored for low-risk investors through its innovative and sustainable tokenomics. It includes a unique buyback mechanism that guarantees a minimum value for each token, which will never decrease. SAVE is set to evolve into a Decentralized Autonomous Organization (DAO), where governance is handed over to the community, thereby enhancing transparency and investor trust through strategic liquidity management.

Introduction and Mission

The cryptocurrency landscape has been marred by numerous "rug pulls" and project failures, leaving investors with significant losses. SAVE was developed to address these issues, aiming to redefine what it means to invest in cryptocurrencies safely and sustainably.

Our mission is to set a new benchmark in token stability and investor security. Through our model of guaranteed buyback at a non-decreasing rate, SAVE offers a safeguard against the volatility that plagues the crypto market, ensuring there's always a known minimum exit value for tokens.

We envision a crypto ecosystem where investment is not just about financial gain but about participating in a community-driven project. SAVE is on a transformative path towards becoming a DAO, where every token holder can influence the project's future. This means governance will be transparent, with all decisions open to community review and vote, promoting accountability and trust.

By involving our community in governance, SAVE not only aims to mitigate investment risks but also to pioneer a model where collective decision-making leads to more equitable and sustainable outcomes. Strategic liquidity management will ensure that there’s always sufficient token availability for trading, supporting price stability and further enhancing investor confidence. This dual focus on community governance and economic strategy is central to our mission of creating a trustworthy and resilient cryptocurrency project.

Tokenomics

100% Buyback. 100% Reinvestment. No Buyback Price Drops. EVER!

Token Name: SAVE on XRPL

Token Symbol: SAVE

Launch Date: 2021-11-06

Total Supply: 115,000,000

Token Distribution

1. The project maintains a series of limit sell orders, each for 10 SAVE, at progressively increasing prices with 0.1 XLM increments. This staggered release of tokens aims to control distribution and promote price stability.

2. XLM received from token sales is added to the project's buy order, which supports the buyback mechanism for all circulating SAVE.

3. Purchased SAVE tokens from buybacks are returned to the project's wallet, and the cycle of limit sell orders is automatically reset (as described in step 1).

Buyback Mechanism

Sell orders are greater than buy orders. The difference is applied to the buyback liquidity.

The liquidity is tested weekly to evaluate if enough liquidity is present to increase the buyback by at least 0.1 XRP for all circulating tokens.

If possible, SAVE will update the limit buy order price.

The SAVE buyback price will never decrease.

All earnings (including token sales, NFTs, rewards earned, etc.) are added to the buyback liquidity.

Buyback Calculation

How does the liquidity add up?

Let:

C = Total SAVE in circulation

P = SAVE in project LP SAVE/XRP

Y = SAVE in project LP SAVE/RLUSD

X = Total XRP

R = 10 XRP Reserve

Then, the buyback calculation is:

\( \frac{C - P - Y}{X} - R \)

Profit Distribution

Profit from token sales, after fulfilling the buyback commitments, is directly added to the buyback funds pool. This ensures that all earnings contribute to the potential increase of the buyback price, enhancing the token's value proposition over time.

Token Allocations

No project allocation

No administration allocation

No marketing allocation

100% DEX sales per tokenomics

Voting

Voting requires sending 0.01 SAVE to a designated SAVE wallet from an active holder's wallet.

All SAVE used for voting will be returned to the distribution wallet.

Public discussions on Telegram provide transparency for the community.

Examples of vote topics include whitepaper amendments, partnerships, and yield farming.

To ensure fairness:

1. Wallets must have held SAVE for a minimum period before votes are counted.

2. We cross-reference wallet activity and origin to prevent multiple voting from the same user.

3. Automation in the future will use metrics like holding duration and wallet activity to weight votes, aiming for a one person, one vote principle.

Vote Mechanism

Send 0.01 SAVE to the SAVE Distributor wallet.

Include your vote in the public memo field.

Vote with: YES or NO

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SAVE Wallets

SAVE Issuer

The wallet responsible for issuing SAVE tokens.

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SAVE Distributor

The wallet responsible for distributing tokens via the XRPL DEX.

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Liquidity Pools

SAVE manages liquidity through pools to provide trading liquidity and stability. The following pools are managed by SAVE:

SAVE/XRP Pool: Link

SAVE/RLUSD Pool: Link

Where To Find SAVE

Project SAVE is listed across several decentralized exchanges (DEX) and automated market maker (AMM) platforms. Below are the platforms where SAVE is currently available:

XPMarket: : Link

First Ledger: : Link

Magnetic: : Link

Sologenic: : Link

Risk Factors

SAVE, dependent on the XRP Ledger, carries blockchain-based risks. If necessary, tokens can be returned at the current buyback price at any time. SAVE commits to risk transparency and decentralized decision-making within the community.

Financial Sustainability

All revenue, derived from DEX trades, yield farming, staking, market-making, or any other opportunity, is fully reinvested into the SAVE token buyback.

Roadmap

Phase 1: The Foundation Series

Phase 1 focuses on establishing tokenomics and buybacks for investor confidence.

Phase 2: Community and Governance

Phase 2 will expand community engagement on social platforms and transition governance to a DAO model, allowing SAVE holders to vote on major project developments.

Phase 3: Rise of the Machines

Phase 3 will take SAVE trust to the next level with the use of automated scripts and smart contracts providing dependable token management.

Conclusion

Project SAVE delivers a sustainable, community-driven Memecoin that mitigates price drops and ensures continuous value for low-risk investors. The guaranteed buyback, reinvestment strategy, and plans for DAO governance position SAVE as a reliable model for token sustainability.

Revision History

2025-02-09 v1.0 - Initial release.