What is GiftCoin (GIFT) | What is GiftCoin token | What is GIFT token
In this article, we’ll discuss information about the GiftCoin project and GIFT token
$GIFT is a brand-new bsc token that will revolutionize the gift and crypto industries. Using GIFT, you’ll be able to give family and friends a GIFT that gains value through our unique Gifting protocol.
How does GIFT work?
Let’s imagine you want to introduce a friend or family member to the crypto industry, or give them a present on a special occasion.
Using the custom GIFT protocol launching on our website, you’ll be able send them a personalized NFT including your own custom message and design. Not only do these NFTs last for life — but you will be able to add yield earning GIFT tokens to them!
And this is just one of GIFT’s main utilities — there are further developments (including partnerships) outlined in the roadmap on our website.
What are the tokenomics?
- GIFT is here to stay, which is why 50% of all private presale tokens are vested for one month, and 90% of team tokens are vested over a 15 month period.
- GIFT tokens will have friction-less yield. This means that token holders will earn GIFT passively directly to their wallets. This is achieved by a 2% redistribution tax on all GIFT transactions.
- GIFT token supply will decrease over time. An initial 5% supply burn will slowly accumulate yield from the redistribution tax, reducing circulating supply and increasing scarcity.
- GIFT has a huge marketing budget that 1% of each transaction will go into, so you can expect consistent high-quality marketing from launch. Once the project is self sufficient, this tax will be eliminated.
Tokenomics
**GIFT **has a 3% transaction tax, this is split between a 2% redistribution tax to all token holders and a 1% tax to the GIFT marketing wallet (this wallet is exempt from redistribution rewards).
On launch, 64.1% of the token supply shall be in circulation, 5% shall be burned and 30.9% of supply shall be locked in vesting contracts.
The 27% of vested team and marketing tokens are separated in 27 1% vesting contracts, these are being released over the next 15 months. The reason for such a big allocation is to incentivize partnerships as we progress. Tokens will also be utilized for milestone burns as GIFT token holders grow.
The 5% initial burn will collect part of the redistribution tax and cause a slow deflationary burn to occur on token supply.
In future the token allows for the implementation of a liquidity provider tax and a merchant rewards tax, these are both currently set to 0, however in future they shall be added along with the elimination of the marketing fee.
Max Supply: 100,000,000 GIFT
Initial Burn: 5%
Marketing Wallet: 1.383%
Unicrypt Presale Fee: 0.585%
Team/Future Marketing/Burns: **30% **— 3% Live, 2% in a 1 month vesting contract, 5% in vesting contracts released every 3 months until 15 months.
Private Presale: 5% — 2.5% Live and 2.5% in a 1 month vesting contract
Public Presale: 32.5%
Liquidity: 25.532%
Circulating Supply on Listing: 64.117%
Burned Supply on Listing: 5%
What’s in store?
GIFT has dozens of updates in store, including the launch of its flagship custom NFT protocol in the near future. Here is just some of what’s planned in our roadmap:
- GIFT protocol release
- Platform Alpha Release
- High-Profile Partnerships
- Gift Shop Platform
- Retailer Integrations
How and Where to Buy GIFT ?
GIFT token is now live on the Binance mainnet. The token address for GIFT is 0x9adf6e139025b29386115dcb7970020d69011937. 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.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
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
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap GIFT token
Contract: 0x9adf6e139025b29386115dcb7970020d69011937
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in GIFT token is currently Pancakeswap v2
Find more information GIFT
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t 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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