The ETH Fan token is designed for people who are passionate about Ethereum technology. The project was established on BEP20 to provide customers with a solution to cut transaction gas expenses.
According to a recent Tweet from the official Twitter page of ETH Fan Token Ecosystem, the team has burned another 1% of the total supply. This means that 1 trillion tokens were burned as a result of this.
The team holds a burn session every Sunday, where they burn 1% of the circulating supply. An additional 1% is sent to a dead wallet, in an attempt to reduce the circulating supply.
Are the burn sessions doing any good for ETH Fan Token?
The ETH Fan Token employs cutting-edge Tokenomics and smart contracts to provide customers with a variety of dividend alternatives.
The total supply of tokens is 1,000,000,000,000,000. Pre-sale and liquidity receive 22.0% of the budget, while private sales receive 10%. Half of the whole supply will be burnt, with team vesting accounting for 6% of the total supply. The remaining 12% is allocated to marketing automatically.
At the time of publication, EFT was trading at $0.000000013662, up 1%. Moreover, ETH Fan Token has had a 13138.0% increase in the last 30 days. This adds weight to the argument that the token burn sessions are paying off.
The smart contract is set up to levy separate taxes to buyers and sellers. On the identical transaction, buyers will pay a 10% tax while sellers will pay a 14 percent tax.
The hourly ETH reward is set at 45/5%, with auto liquidity accounting for 1% /2 percent. Marketing and promotion receive an additional 3% /4%, and community development receives another 2% /3%.
Starting from when a holder acquires the token, the contract automatically distributes dividends to holders every hour.