> For the complete documentation index, see [llms.txt](https://iplay-1.gitbook.io/iplay-metaverse/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://iplay-1.gitbook.io/iplay-metaverse/ips-token-smart-contract.md).

# IPS token smart-contract

Smart-contract features

Total Supply: 1 000 000 000 IPS\
Name: IPLAY Token\
Ticker: IPS\
Network: \
Spec: \
Precision: 18\
Smart Contract Address: To be created (TBA)

IPS is a fixed supply token, no more tokens can be minted.

IPS is a reflection token.

Buy and sell transaction of IPS in DEX Pool incurs a total 3% tax: 

1% to add liquidity to DEX pool\
1% rewards to token holders\
1% development and marketing

IPS is a rewards paying token. Holders will recieve automatic rewards for holding IPS.

Minimum required wallet balance to receive rewards is 30000 IPS tokens.

Development and marketing - Contract generates token flow to the marketing & development wallet, in order for the team to have enough funds to continuously develop the ecosystem and attract new community members.

Taxes can be modified in smart-contract and can be changed depengind on the market conditions, however maximum tax amount is hardcapped in the smart-contract and cannot exceed 2% per tax type.