Mental Token

Mental Token

What they say:

"Mental Token helps organizations specialized in assisting those people suffering from Mental Illness such as The Black Dog Institute and Mind. There are many tokens focusing on charity donations, however we are unique in that we guarantee 3% of every transaction will be going to the selected charities on a Monthly basis."

Full Audit

* Do Your Own Research. Investing in crypto assets is always risky. Not investment advice.
This is a full holistic audit. We evaluate the safety of the code, the tokenomics, the wallet distribution and the potential of the token, its originality and marketing strategy.

About the token

Mental Health is becoming an increasingly common illness in our crazy society with Suicide rates climbing.

Did you know that a person commits suicide somewhere in the world every 40 seconds?

There are a lot of things we can do to help, one of them is to help the helpers, i.e. those organisations that specialise in assisting those people suffering from Mental Illness such as The Black Dog Institute and Mind.

There are many tokens focusing on charity donations, however $MENT are unique in that they guarantee 3% of every transaction will be going to the selected charities on a Monthly basis.

If Elon Musk can generate Hundreds of Millions of Dollars by promoting a meaningless Meme coin like DOGE that has no function and does not help anyone, why can't we actually use the burgeoning world of Crypto to do good?

Unlike other meme coin tokens, they are picky about who they want to invest in their token and you need to make sure that they are the right fit for you.

If you can answer Yes to the Following Questions then they want you as part of their Mental Community

1: Are you passionate about mental health Awareness?

2: Does Mental Health Matter?

3: Are you prepared to work in the community groups to help support the growth of the community ? Examples of this are being active in our Telegram groups, Actively promoting on social media platforms what the token is and what their philosophy is?

Mental Token will be a fairlaunch

Contract:

0x71af256a90268efd9c6d6ed16148ad06c8c78f06

Tokenomics

Anti - Whale - Anti Pump & Dump

their Tokenomics has been designed to discourage pump and dump activities and Whales manipulating the market with a 12% tax on every transaction.


The Tax is distributed as follows

4% to the liquidity pool to ensure it grows and increases the price floor with every transaction.

3% to the Marketing Wallet to allow them to continue to promote and deliver on their promises

3% to the Charity Wallet, unlike other tokens they will have a dedicated charity wallet that will accumulate and allow the, to make monthly donations to key charities such as the Black Dog Institute and Mind

2% is distributed to all holders.

Code

Regarding the 4 % liquidity from the slippage, the LP tokens from those are sent to the owner wallet. The LP tokens are then to be locked in intervals and locking it at intervals. This is pretty unorthodox, but this is the case due to the fact that they want to have the possibility to use parts of this to boost marketing or charity. This information have been added to their white paper for transparency reasons, since it could be perceived as fishy if it wasn’t mentioned, but was in the contract.

The contract initially had a public burn function, which probably would have broke the contract if it were to be used(usually possible to resolve by going to PCS and call sync), so since they hadn’t launched yet, we adviced that those lines of code should be removed, which they were. Potential burns will instead be handled manually by sending tokens to the 0xdead wallet.

The new contract was deployed as this contract address(https://bscscan.com/address/0xfd67cbfbe39a34556d08ca6f88e7fa14f56aca2d#code) and contains no flaws.

Distribution

Token distribution and LP:

48% of tokens will be loaded into Liquidity on Launch and locked using DXLock for a period of 5 years.

(Update 2021-08-04: link to DXlock as proof; https://dxsale.app/app/v2_9/dxlockview?id=0&add=0x4144437Db4a2a681bDa06667e907f08Ba1c6425A&type=lplock&chain=BSC

38% of tokens will be burned.

The remaining 14% will be distributed as follows;

2% to the initial balance of the Charity Wallet

2% to the initial balance of the Marketing Wallet

2% to the OwnerThe remaining

8% will be distributed to team members who are helping facilitate the launch as payment. These include a Marketing Manager, A PR Manager, a Technical Lead, a Community Manager, a NFT Specialist and a Shilling expert.

The 2% to the Owner is to recoup the $10K invested to launch the project, should the funds exceed the $10K, the balance will be distributed to the charity and marketing wallet to facilitate further growth.

The 4% distribution to liquidity will be locked at shorter intervals as it accumulates. at the expiry of each liquidity pool an assessment will be made by the team on whether to re-lock or to use some of the liquidity to top up the marketing or charity wallet

Marketing

Marketing:

Brand Ambassador/s, in the process of sourcing

Usual Twitter influencer pomotions

TG Paid Promotion in groups such as;

@the_crypto_bulls


@cryptos_expert


@crypto_whales_vip


@bitcoin_signals_binance


@the_crypto_millionares


@cryptowhales_binance


@the_crypto_whales


All together those groups have 1M+ members


The budget for initial marketing is 15BNB

Mental Token Roadmap

Website: http://www.mentaltoken.org

Twitter: https://twitter.com/mentaltkn

Team

Main Dev/CEO – Phil Kennedy

linkedin.com/in/philkennedy/  

Chief Moral Officer – Dee Norris

Hello, I’m Dee Norris. I’m a 44 year old traveling teacher, currently living in Shanghai China. My speciality is working with the Asian community, and after graduating with a degree in ESL and Asian Studies, have been living in Asia for 17 years, working, teaching, and traveling. I’ve been working on crypto projects for a little under a year now, having worked on a few as an admin—part of the workers for Phoenix DAO and as a community manager for a time with PUBE. I’m a public speaking professional, and dedicated to education for whatever project I’m involved with.

PR/Marketing manager – Robin Gogberg

https://www.linkedin.com/in/robingogberg/

Audit Result

Token symbol:

MENT

Audit type:

Full Audit

Audit status:

Passed

This token passes our audit. We believe it has a heartful purpose trying to solve a huge issue, the mental health issue. The team is doxxed and seams to be very sincere. We didn’t find any flaws in the contract that was deployed post our initial feedback.

Contract URLWebsite