What is Fairmoon (FAIRMOON) | What is FAIRMOON token

What is Fairmoon (FAIRMOON) | What is FAIRMOON token

Fairmoon is a community led crypto project on Binance Smart Chain that gives you passive income for simply holding the FAIRMOON token in your wallet. In this post, we'll discuss What is Fairmoon (FAIRMOON) | What is FAIRMOON token?

In this article, we'll discuss information about the FAIRMOON project and FAIRMOON token

Fairmoon is a community led crypto project on Binance Smart Chain that gives you passive income for simply holding the FAIRMOON token in your wallet.

If you are reading this, you are early.

We aim to be as transparent as possible, with much more planned for our community. Fairmoon gets its name from the team’s desire to create a ‘fair’ launch platform that exclusively selects tokens with the potential to ‘moon’ because of the quality and security of the project.

$FAIRMOON

Tokenomics:

  • 2% Fee on charged on ALL transactions (1% distributed to $FAIRMOON holders and 1% for liquidity.)
  • This deflationinary mechanism creates a higher price floor, meaning both buy and sell pressure will both increase the value of $FAIRMOON.
  • 57% of the token supply has been BURNT, these are unsold and locked presale tokens.
  • With an initial token supply of 5,000,000,000, this only leaves ~2,315,000,000 $FAIRMOON in circulation.
  • Ownership of the project has been RENOUNCED, meaning no further edits of the code.
  • To show our dedication to the future of the project, we have LOCKED liquidity until 2100.
  • There are NO developer wallets, as we believe in the future of this project.
  • Our code has been successfully AUDITED by WARONRUGS.

What’s Next?

Not only did WARONRUGS audit our project, but we are excited to ANNOUNCE we are partnering with WARONRUGS to develop a decentralised IDO for vetted new projects (similar to a Binance Smart Chain version of POLS on Polkadot).

  • $FAIRMOON holders will have priority access to investing in vetted presale IDO’s and airdrops, creating value for $FAIRMOON holders and increasing demand for $FAIRMOON.
  • $FAIRMOON will be required to stake on the Fairmoon platform.

Binance Smart Chain has seen explosive growth in 2021. Beginning with a humble $450 million TVL at the start of the year, BSC now has over  $20 BILLION locked up in DeFi.

Source: https://www.defistation.io/

This boom has brought unprecedented opportunities to the ecosystem. While many have benefited from investing in BSC products over the past couple of months, a more sinister category of people have been targeting this influx of liquidity with various forms of fraud and deception. Out of all the various forms of scams and deceptions that exist in the crypto space, there is one particularly heinous vector of attack: the “Rug Pull.”

A Rug Pull is perhaps one of the most feared events in the DeFi space. Innocent users can spend weeks, even months benefiting from a platform, only to wake up one day to find that the developer has made a fundamental adjustment to the protocol and escaped with all the TVL, often times leaving users with large bags of useless tokens.

Binance Smart Chain has certainly seen its fair share of Rug Pulls since the start of the year. In mid March, TurtleDex completed a presale worth nearly $2.5 million. Immediately after the presale, the team swapped a large portion of their tokens to Ether, and sent the funds to Binance to be traded. Just a few weeks before TurtleDex, Meerkat Finance pulled a similar stunt to the tune of $31 million. The worst part about a Rug Pull, is that it preys upon the type of investor that should be rewarded for their early adoption of a platform. In the midst of BSC DeFi turbulence, one entity has emerged as a consistent source of reliable information: WARONRUGS.

Since November of last year, WARONRUGS has been waging all out war on Rug Pullers and scammers in the BSC space, and this effort has created a large, grassroots community dedicated to fighting scammers. With over 45,000 followers on Twitter, WARONRUGS has become a voice of authority in regards to the validity of new projects. Despite the impressive amount of audits cranked out by the WARONRUGS squad, the sheer number of new projects and in the BSC space still leaves many investors vulnerable to rug pulls. Enter FAIRMOON.

In a recent AMA in THE RED ROOM telegram channel, our dev gave the backstory of FAIRMOON coin:

“Fairmoon started out as somewhat of a social experiment. A completely fair token, but I also wanted it to be truly community driven and owned. I truly wanted to encourage that idea, so in order for that to take place, I had to take a step back and let the people attracted to the idea come together and form organically. It probably seems odd, but we didn’t advertise Fairmoon, we didn’t shill it. We published the facts and tried to attract the right people.”

So after creating a token with solid tokenomics, our Dev sat back and watched things unfold. Shortly afterwards, WARONRUGS joined the project. Initially attracted by the fairness of the launch and distribution, WARONRUGS is now working with the Fairmoon team to develop an IDO platform to help promote safer, more reliable launches in the Binance Smart Chain ecosystem.

  • What started out as a passive income community token with a rising price floor, has rapidly involved into a utility token that will allow holders to participate in IDO’s later on in Q2…and those solid tokenomics aren’t changing anytime soon since ownership of the contract has been renounced.
How and Where to Buy FAIRMOON token ?

FAIRMOON token is now live on the Binance mainnet. The token address for FAIRMOON is 0xfe75cd11e283813ec44b4592476109ba3706cef6. 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)...

SIGN UP ON BINANCE

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 FAIRMOON token

Contract: 0xfe75cd11e283813ec44b4592476109ba3706cef6

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 FAIRMOON 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

Find more information FAIRMOON

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3Social Channel 4Message BoardCoinmarketcap

🔺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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