The community-centric meme token allows users to earn passive income simply by holding their native token on Core Chain.
Ignore Fud is a novel core-chain meme token supporting decentralized finance and blockchain innovation. Its goal is to facilitate the onboarding of more cryptocurrency users into Core DAO and the broader crypto industry. Ignore Fud features a community-centric meme ecosystem and a distinctive hold-to-earn feature that allows investors to earn rewards by holding their native token “4 Token”. Additionally, investors gain access to a large and robust user community from around the world.
The 4 mark
The official token of the Ignore Fud project is “4”. The token, set to launch on March 24th via partner DEX, ArcherSwap, will be a community-focused meme token that is part of the expanding Core DAO ecosystem. 4 TOKEN allows users to hold and earn $USDT stablecoin.
Token Details and Tokenomics
Name: Ignore Fud
Symbol: 4TOKEN
Decimal places: 18
Blockchain: Core DAO
Maximum and total supply: 40 billion
token allocation
50% (20,000,000,000 4 TOKEN): Public launch
40% (16,000,000,000 4 TOKEN: Reserved
6% (2,400,000,000 4 TOKEN): Ecosystem fund for operational expenses and growth
4% (1,600,000,000 4 TOKENS): Airdrop + Marketing
The snapshot for the airdrop is scheduled for March 20th, followed by the airdrop distribution on March 24th.
For the airdrop, 160 million 4 tokens each will be distributed over 10 rounds, including community members, media partners and influencers, core DAO community and more. See the whitepaper for more details on the 4-token airdrop distribution.
tax information
There are no “purchase” or “transfer” taxes on 4 tokens. However, there is an 8% sales tax on DEXs, of which 3% is converted to USDT and distributed as reflections to holders who have 400,000 or more 4 tokens. This allows 4 token holders to generate passive income.
2% is automatically added to the liquidity pool to ensure price stability is maintained. 2% of the sales tax will be burned, keeping the token price deflationary from the start, while the remaining 1% will be converted into $CORE and allocated to operational expenses and growth funds to expand the token utility.
4 token use cases
4 Token will start as a meme token, but there are plans to create different use cases for it in the future. Some of the suggested use cases include:
- Blockchain validator/staking node like CORE staking node, ADA staking node, BNB staking node, Cosmos staking node, new blockchains with staking node and even other potential tokens that earn staking rewards.
- NFT marketplace with 4,000 Ignore Fud NFT collections.
- Compounding Crypto Assets “Vaults”
- Decentralized Exchange (DEX)
- Community Suggestions
Deflationary and burning mechanism
The deflation and combustion mechanism of the 4 token involves three components. First, 2% of the tokens are burned through the sales tax. Second, Ignore Fud plans to launch utility and blockchain validation nodes and other tokens that earn staking rewards. A percentage of monthly earnings is used to buy back and burn 4 tokens. Eventually there will be Ignore Fud 4,000 NFT collections and all money generated by selling NFTs will be used to buy back and burn 4 tokens.
This deflation and burning mechanism is intended to reduce the circulating supply of tokens over time, creating a scarcity effect that can lead to an increase in the value of the token.
Token Burn continues as Ignore Fud generates revenue and continues to grow. This approach aims to create a sustainable token economy based on actual usage and value.
security audit
Ignore Fud announced that it passed KYC with Core DAO, with smart contract audit details still in progress.
Ignore Fud’s hold-to-earn mechanism allows users to earn passive income by holding 4 tokens, and the deflation and burn mechanism is designed to reduce the circulating supply of tokens over time, thereby a scarcity effect arises, which can lead to an increase in the token’s value.
With plans to launch various use cases in the future and a commitment to a sustainable token economy based on actual usage and value, Ignore Fud has the potential to become an exciting addition to the cryptocurrency industry.
To learn more about Ignore Fud visit the following links:
Website | Twitter | discord | Telegram | White paper
This is a paid press release endorsed by BSC News and is not responsible or liable for the content, accuracy, quality, advertising, products or other materials on this site.
This item is part of a marketing package paid for by Ignore Fud at a cost of 400,000,000 4Tokens. These have an estimated public launch value of $4,200 with a 10 month vesting period.
BSC News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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