💲Tokenomics
Last updated
Last updated
FUMO Coin is designed with a progressive tokenomics structure that emphasizes user adoption, security, and fair distribution. Below is an in-depth look at the core components of FUMO Coin's tokenomics.
Key Features:
No Transaction Taxes: To ensure ease of transaction and foster wider adoption, FUMO Coin transactions will not incur any taxes. This feature is aimed at enhancing liquidity and user experience.
Token Distribution:
The total supply and distribution model of FUMO Coin are crafted to support long-term stability and growth. Here is how the tokens are allocated:
Total Supply: 1 Billion FUMO Coins are created, ensuring there is enough supply to meet demand without causing undue inflation.
Burn: In an initiative to increase token value and reduce the total supply over time, 36.2% of the total supply, amounting to 362 million coins, is subjected to a one-time burn. This significant reduction in supply is expected to benefit holders by potentially increasing the coin's scarcity and value.
Locked Liquidity: To promote trust and security within the ecosystem, 61.9% of the total supply, translating to 619 million FUMO Coins, are locked in liquidity. This locked liquidity is crucial for ensuring that there is always enough liquidity on exchanges, mitigating the risk of major price volatility.
Developer Wallet: To sustain the project's development, future innovations, and maintenance, 2% of the total supply, which equals 20 million FUMO Coins, is allocated to the developer wallet. This fund will support the ongoing development and operation costs of the FUMO Coin ecosystem.
FUMO Coin Details:
Symbol: FUMOCOIN
Name: FUMO Coin
The FUMO Coin project is dedicated to creating a stable and reliable ecosystem for its users and investors. By implementing a no-transaction-tax policy, executing a strategic burn, locking a substantial portion of liquidity, and setting aside funds for development, FUMO Coin aims to secure its place in the digital asset market.
