What is FetaToken (FETA) | What is FetaToken token | What is FETA token
What is FetaToken (FETA)?
FETA, also known as The Fun, Ethical Triangular Alt-coin, is a Binance Smart Chain DeFi deflationary token with non-custodial staking and charity support.
Feta has an automatic 9% distribution from every transaction, of which 3% is distributed to holders, 3% is burned and 3% is donated to charity.
Crypto should be FUN. It should support and build communities, while storing value and providing a platform for future wealth. And it should be ETHICAL. People must be safe to invest without the risk of developers abandoning the token, and each token should contribute towards a broader social good.
FETA has been born from these principals. FETA is the first altcoin from the CryptoChefs team, a group of crypto professionals committed to a sustainable and fair future for crypto.
Why should I buy FETA?
Holding FETA in your own wallet rewards you with distribution from any on-chain FETA transaction. Every FETA transaction also generates a burn of tokens and a distribution to the charity safe.
The 3% distribution means that your FETA total goes up with every purchase or sale of FETA on-chain. So if there is a period of high-volatility you can slow your heart rate knowing that every single one of those trades pays you something, with your portion of the 3% being based on the size of your holding of FETA.
Every transaction also generates a 3% burn of the tokens being transacted. So FETA is deflationary, and after every on-chain transaction there is less FETA in existence. The number of FETA tokens is capped at launch at 333,333,333, so there will never be more FETA than there is right now! As more FETA burns and it gets scarcer we expect the intrinsic value to rise.
And finally, to complete the FETA triangle, every transaction generates a 3% distribution to charity. This donation is sent to the charity wallet. Once a week we will make a donation to charity using 100% of the accrued distribution balance in the charity wallet.
Our community will decide what charity we support every week, and we will post receipts and proof of donations up on the website, together with a ticker of what a difference you have made in the world.
With FETA your balance increases, your asset gains intrinsic value AND you are doing good in the world. Could this be the perfect crypto?
Non-custodial staking
You don’t need to stake your FETA to get distributions from every transaction. Just hold FETA in your own wallet and watch the distributions rain down, boosting your FETA balance automatically.
Audited
We wouldn’t expect you to invest your money in something that hadn’t been audited. That just doesn’t feel right. Feta token is being audited by Dessert Finance. That includes a review of our smart contract and all our associated socials. As soon as the audit is done, you’ll be able to find the results and recommendations from the audit in the Audit section below.
79% of all tokens in liquidity
We’ve loaded up the liquidity on day one.
No large team wallet
We’ve kept 3% of Feta in the team wallet which is reserved for marketing and giveaways. Each member of cryptochefs has 3% too. That’s all. Everything else is in the liquidity pool. Feta isn’t for us, it’s for YOU.
Locked liquidity
New crypto projects need to have liquidity locked in. Once you’ve been with us for a few years you will know we are around for good, but until then we need to earn your trust. That’s something we will focus on every day. We can make a start on that by locking in our investment, and being fully transparent about our decision making process.
- 33% locked for one month
- 33% locked for six months
- 33% locked for one year
All locked on unicrypt, the gold standard for liquidity locking.
Talk to us!
We’ve built a crypto, but what we really want to build is a community. We want to hear from you. We need to hear from you. We’ve got some big decisions to make, starting with what charities we support first. And that’s up to YOU. So reach out, whenever. You can pretty much guarantee one of us is awake.
Feta’s three 3s in more detail
3% burn
3% of every on-chain transaction is burnt. This means that FETA is deflationary - there is less and less of it over time. Like any asset getting scarcer over time you would expect this deflation to increase its value.
3% non-custodial staking
3% of every transaction is distributed to the wallets that hold FETA. You don’t need to stake your FETA anywhere, they stay on your wallet protected by your keys. Your share of the 3% rains down on your wallet with every on-chain transaction.
3% charity donation
3% of every transaction is sent to the charity wallet. On a weekly basis we will hold a poll on this website to determine what charity we donate to that week. Every Monday morning the winning charity will be given the entire balance of the charity wallet. With the balance of this wallet down to zero FETA we start the new week afresh.
Below is an example of how these tokenomics work:
Address 0xFETAONE owns 3,000,000 FETA. A new wallet called 0xFETATWO buys 300,000 FETA on PancakeSwap, using 5% slippage and setting the FETA amount to a round number (i.e. ideally ending in zero).
The distribution amount from the 0xFETATWO transaction is 27,000, being 9% of the total transaction. So 0xFETATWO receives 273,000.
At this time there is 100,000,000 FETA that has been burnt and 12,000,000 FETA in the charity wallet.
The total FETA on holders wallets is the total supply of FETA minus the burned amount and the amount in the charity wallet. So this is 333,333,333 - (100,000,000 + 12,000,000) = 221,333,333. We will call this total held FETA.
The distribution to 0xFETAONE from this transaction is 27,000 / 3 multiplied by 0xFETAONE’s percentage of total held FETA. This is 9,000 * (3,000,000 / 221,333,333) = 121.98795199 FETA.
The burned tokens from this transaction are the distribution amount / 3. So, in this case we are burning 27,000 / 3 = 9,000 FETA.
The charity tokens from this transaction are the distribution amount / 3. So, in this case we are sending 27,000 / 3 = 9,000 FETA to the charity address.
Other FETA holders receive a total of 8,878.01204801 FETA, distributed to their wallets based on their percentage of total held FETA.
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How and Where to Buy FetaToken (FETA) ?
FetaToken is now live on the Binance mainnet. The token address for FETA is 0xcB5EDCB7A2aDe21Ae4A695A5c7fFB7Aa01DFaA5d. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask wallet to Pancakeswap Decentralized Exchange and Buy FETA token
Contract: 0xcB5EDCB7A2aDe21Ae4A695A5c7fFB7Aa01DFaA5d
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once FETA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information FETA
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Message Board 2 ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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