Yesterday we talked about SafeMoon, one of the most followed and loved projects on Binance Smart Chain. Today we’re going to talk about a SafeMoon fork that could do very well thanks to the team behind it and the foolproof token economy: FairMoon. The name already says it all, it is a project with fair distribution to all that has already made a stratospheric rise from presale, since at that time it was possible to buy 12 million tokens with a single BNB. At the moment, however, 1 BNB is equivalent to just 25,000 tokens. Quite a difference, isn’t it? Despite this climb, we are convinced that the project will continue to do well and we will now explain why!
FairMoon and WarOnRugs
FairMoon is an IDO (Initial Dex Offering) platform. A project similar to Polkastarter, Cardstarter, Paid Network and many others. The main difference, however, is that FairMoon will have the support of WarOnRugs, one of the most followed Twitter accounts in the crypto world thanks to their ability to always discover projects that scam their users. WarOnRugs also does AUDITS and will do the same with FairMoon, where they will be in charge of auditing the projects that will pass through this platform, in order to distinguish between projects with strong potential and scam projects. This is sufficient security to suggest that this project should be a talking point in the coming months.
The FairMoon project launch platform will be active in Q2 2021 and will only be active for projects launched on the Binance Smart Chain. This is only fair given that there are already hundreds of similar projects on Ethereum. But it doesn’t end there! Besides offering a super-secure IDO platform, the FairMoon token also has a perfect growth strategy consisting of:
- – Passive earnings for token holders
- – Deflationary supply
- – Continuous burn
- – Liquidity locked until 2100
- – No Ownership
Every time someone buys, sells or transfers their FairMoon tokens, a 2% FEE is applied, which is divided as follows: 1% is automatically sent to all token holders while the other 1% is used to help the price rise. In addition, many of the tokens have already been burned to decrease supply.
The FairMoon Token
The maximum supply of the FairMoon token is 5 billion units. However, this number is actually much lower, since many of these tokens have already been burned during the presale and others a few days later. The remainder is about 2.1 billion units or a current marketcap of about $31 million. The All-Time High is just over 2 cents and was reached only 4 days ago. Yesterday, the token touched these figures again but dropped right back down due to one of the big presalers deciding to sell. Obviously, there will be other similar situations, but in the long run, the price should go up as we will soon know how many tokens are needed to participate in the IDOs offered by this platform.
The number of token holders is growing fast and has now reached 11,000. This is a very important number if we consider that on Ethereum many of the most anticipated projects do not reach these figures. This indicates that the Binance Smart Chain is growing fast and there will be many projects that will do well in the coming months. With FairMoon tokens it is possible to take part in these new launches and perhaps discover the next x100 project. P.s. if you want to buy some tokens, this is the BSC contract, and the token is already present on CoinGecko, CoinMarketCap, Blockfolio and many other Apps, so it won’t be hard to find it!