What is Fair Safe (FSAFE) | What is Fair Safe token | What is FSAFE token

What is Fair Safe (FSAFE) | What is Fair Safe token | What is FSAFE token

Fair Safe is a deflationary, auto-staking community token. Our aim is to create a newbie friendly environment for users who are new to crypto and De-Fi. We are currently on the Binance Smart Chain but will be looking to migrate to a different network solution in the future. Fair Safe has 3 simple functions: Reflection, Liquidity Pool acquisition and burn with each trade, and the transaction is taxed with a rate of 8%. This is split into 2 sections: 3% fee that is redistributed to all existing holders. This includes the burn wallet. 5% fee that is split into 2. One half being sold by the contract and the other half of the FSAFE tokens are automatically paired with the BNB. This creates a Liquidity Pool token that is then added to Pancakeswap. What is Fair Safe (FSAFE) | What is Fair Safe token | What is FSAFE token

In this article, we'll discuss information about the Fair Saf project and FSAFE token

What is  FSAFE ?

Fair Safe is a auto-staking, deflationary and decentralised community token created to fight against the many dangerous tokens that are out on Pancakeswap.

FSAFE was fair launched on PancakeSwap on 8th of April.

FSAFE is a safe token with the Liquidity Pool locked for 4 years and the contract renounced meaning no one has control anymore. Thus creating a community token.

The mechanics are simple, 8% tax on transaction. 3% goes back to users who hold FSAFE and 5% automatically gets paired with the liquidity. Beautiful isn’t it? Get more coins just for holding.

FSAFE uses goes beyond just letting it sit in your wallet to collect fees. Users will be able to stake their FSAFE to farm NFT’s using Fair Safe’s NFT Marketplace. Those NFT’s will have valuable utility in the future.

FairSafe's purpose

This isn't your typical "moonshot" project - that's only a very small part of it. The true purpose of this token is to bring light to layer 2 solutions within the BSC community. Like they say, hook, line, and sinker.

Both the "fair" and "safe" prefixes are currently part of a big, sometimes dangerous trend within the BSC community. An unacceptably high number of people have gotten financially hurt by fake projects using such prefixes to promote themselves. This is what, above all, has inspired me to start working on this project, giving people a platform to get educated on layer 2 and its importance for de-fi at the same time.

ETH is growing rapidly and it's not going to go away anytime soon. ETH 2.0 is years away, while mainstream attraction to crypto is here now. The only available, second-best solution people can think of is BSC - but it isn't. Binance holds way too much control for it to be called a decentralised exchange. Indeed, they have the ability to shut off nodes and bridges, should that fit their agenda.

This project will first start out on BSC, for the important reason that, in the wake of the Safemoon protocol, Binance Smart Chain is currently seeing massive traffic and that, as a consequence of this, a lot of new people are exposed to scams/pump and dumps. The ultimate goal is to migrate to Polygon, where FairSafe will find its true, forever home.

How It Works:

15% Community Fund – This wallet is locked for 2 years and will release 1.2T FSAFE every week. Those tokens will then be used for marketing and development for the project. Visit white paper for more information.

42% Burn Wallet – This burn wallet was created as a blackhole that takes up the supply. This makes FSAFE deflationary with only 5 days into the project it has already taken up 2% of the total supply.

43% Circulating Tokens – This is how many tokens there are currently being held by all of the community

Number of times vested: 1

*Next vesting date: 24 Apr 2021 at 06:58 (BST) *

Tokenomics

15% Community Fund

** 42% Burn Wallet**

43% Circulating Tokens

You know what this is: a reflect, frictionless yield...

There will be 1,000,000,000,000,000 FSAFE Token in existence.

FairSafe has 3 simple functions: Reflection + Liquidity Pool acquisition + Burn with each trade, and the transaction is taxed with a rate of 8%. This is split into 2 sections:

  • 3% fee that is redistributed to all existing holders. This includes the burn wallet.
  • 5% fee that is split into 2. One half being sold by the contract and the other half of the FSAFE tokens are automatically paired with the BNB. This creates a Liquidity Pool token that is then added to Pancakeswap.

To maximize the fairness for each investor there will only be a maximum allocation of 2 BNB per TX.

The presale and listing price will be the same: 2,000,000,000,000 FSAFE = 1 BNB.

Token use case

At the current development cycle there is no use case for the token, just like many tokens. But as the project progresses the plan is for the token to be used for governance to vote for community activities and the future of the protocol.

  • Governance implementation
  • NFT Ticket Farming
  • NFT Market Place: Market place for artist that is fair and safe + future NFT released by FairSafe.
  • NFT Clothing - Creating merch that will be available for purchase, users can chose to mint NFT or get it delivered to them. If user mints clothing into NFT it will be sent to their address via ERC721 token and physical merch will be burnt video of clothing burn will be uploaded as a ERC721 token for proof.

Autoliquidty function

How To Buy  FSAFE

This address is for the BSC token contract. It is NOT a deposit address. Do NOT send tokens to it.

  1. Make sure that you have BNB in your Metamask or Trustwallet.
  2. You can use Binance, AscendEX, Kucoin or any other exchange that supports BNB.
  3. Copy the wallet address from your Metamask / Trustwallet, then make sure when you withdraw BNB that you select the BEP20 tag.
  4. DOUBLE CHECK if the wallet address you are depositing to is correct. If it isn’t there will be no way to get these lost funds.

Step by Step Guide

FSAFE token is now live on the Binance mainnet. The token address for FSAFE is 0xee738a9e5fb78c24d26cecd30389ed977c38d0ca. 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 FSAFE token

Contract: 0xee738a9e5fb78c24d26cecd30389ed977c38d0ca

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 FSAFE 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 FSAFE

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3DocumentationCoinmarketcap

🔺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 ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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