GiFu On Special Here's What You Need To Know
GiFu On Special Here's What You Need To Know
GiFu is a memecoin that has exploded on the Hive Blockchain integrating tangible utility within the cryptocurrency sector. Launched on 20 July 2024 on the Binance Smart Chain (BSC), GiFu is the latest cross chain token to grace Hive with its presence offering a new approach to digital assets.
GiFu was introduced with a total supply of 1 billion tokens. A 3% tax is applied to every buy and sell transaction on the BSC but buying and selling on Hive ecosystem avoids this tax. The tax does contribute to a deflationary model by reducing the circulating supply over time.
This mechanism is designed to enhance the token's scarcity and potential value appreciation. To also have a deflationary approach the team buys and burns Gifu from the Hive Ecosystem.
The wicked will be consumed in the lake of fire. However, the righteous will dwell forever and ever in the presence of The Consuming Fire
Gifu Loyalists have an additional way to earn with the token by delegating Hive to @gifufaithful
in return you support the project being able to generate income to buy and burn GiFu and get upvotes on your posts which don't have to be Gifu related.
This is the biggest win and leads the project to success because no matter the buy rate Gifu you has a market lead on ALL crypto assets by being able to sustainably generate it's own income to buy and burn more of it's token naturally contributing to the increase in the token's value.
So no matter how much you own now, the project will continue to buy back and burn GiFu so there is an end date once all the tokens are bought back. So if you're the last HODLR standing the team will buy your tokens back!
It might take them a long time to buy 1 token for a Million but they will have to do it!
So Looks like I am becoming a multimillionaire!
Does This Mean GiFu is the only Project worth it?
In my non-professional opinion and as long as the project maintains it's integrity with ol mate's face all over it and not wanting to end up a Do Kwon in the good ol U S Of A. Probably so.
There are a lot of things that could impact it but with the stars aligning and the team buying back more than they can afford over time the deflationary impacts of the token means it will have to buy more off me. There is still a long way to go but I got a long life ahead of me!
image sources provided supplmented by Canva Pro Subsction. This is not financial advice and readers are advised to undertake their own research or seek professional financial services
Posted Using INLEO