First BSC token to reward holders with other tokens!
FarmerDoge ($CROP), the latest spin-off from the DOGE family on Binance Smart Chain (BSC) has a unique business proposition. By holding CROP, hodlers will be rewarded with dividends in the form of other BSC tokens! With a 10% token tax on all trading volume that will be channelled to reward their community, FarmerDoge holders will be able to receive other tokens, without swapping, staking, or lending – simply just by holding CROP.
Special mechanism in FarmerDoge smart contract
Rather than ‘reflections’ or ‘redistributions’ of tokens that are currently utilised by other projects, this special mechanism in the smart contract takes a 10% tax from any trade and swaps it to rewards in the form of other BSC tokens. Distribution of the tax rewards are according to $CROP holder’s ownership of the supply percentage. Example: A hodler that possesses 10% of the current circulating supply, will get allocation of 10% of the tax rewards at the moment of trade finalisation. Rewards are automatically credited during both buy/sell transactions, therefore users do not have to worry about trading balances.
“We are Farmer Doge, and we are the crypto set out to help feed the world. We want to get hands on and be there at the front lines fighting hunger. We will change the way people view crypto as a whole. To be able to bring communities together and find a way to help one another, rather than fight amongst each other trying to be the best project.”
– Quest, FarmerDoge CEO
A project with an altruistic outlook on the token economy
By studying the tokenomics and token proposal submitted to Coinstore, it was clear that $CROP is a project that works for the heart of the crypto-ecosystem itself. By teaming up with several partnerships and projects on BSC, the FarmerDoge team is ready to rollout a series of BSC-tokens as rewards and these tokens will be announced soon.
CROP Token Overview
Total Supply: 10,000,000,000
Market Cap: 3M USDT
Transaction Tax: 15% (10% rewards, 3% operations wallet, 2% liquidity pool)
Blockchain: Binance Smart Chain
Launch Date: 20 August 2021 (PancakeSwap)
Coinstore Listing: 8 November 2021, 18:00 (UTC+8)
Holding FarmerDoge’s $CROP
By holding CROP, users can receive tax rewards from trades of CROP and receive other tokens. This impressive differentiating factor is certainly unique compared to other tokens. Do note that users can receive the rewards in 2 ways:
- Activate the release (gas fees) by purchasing $CROP or;
- Wait for sell volume to increase and unlock rewards that have been building up
Without buying and selling multiple tokens, FarmerDoge rewards their users with convenience and provides hodlers with more token options. This allows for a small diversification of the user portfolio and increases liquidity and health of several projects. Projects are kept alive by the line of liquidity. Reward tokens will be featured and cross-posted to Telegram to update the FarmerDoge community.
At the time of writing, each CROP token is valued at 0.00014~ USDT. With CROP’s unique token use-case and the increasing adoption rate of cryptocurrency globally, Coinstore is very pleased to have received FarmerDoge’s CROP listing request.
A Closer Look at CROP’s General Tokenomics
CROP’s total token supply is 10,000,000,000, with 15% distribution for every transaction
- 62% tokens released in private sale (locked-in for 6 months)
- 33% tokens allocated in FairLaunch
- 5% tokens for dev wallet expenses
15% tax distribution for every CROP transaction. 10% of the tokens will be directed for rewards. 3% channelled towards operations, airdrops, and giveaways activities for the FarmerDoge community. Finally, 2% will be put towards liquidity in trading pools.
Freshly Listed on CMC and Coingecko
Check out CROP’s daily trading volume on:
- CMC – https://coinmarketcap.com/currencies/farmerdoge/
- Coingecko – https://www.coingecko.com/en/coins/farmerdoge
CROP’s Upcoming Project Plans
Following on CROP’s listing on centralised exchanges, we are happy to announce that Farmer Doge will be listed on Coinstore Exchange on 8 November 2021, 18:00 (UTC+8). Partnerships with other projects and local communities are also underway to encourage growth for CROP. The FarmerDoge NFT marketplace and Swap are in development, which will be expected to launch in the fourth phase of CROP’s roadmap.
CROP Official Channels
Website: https://www.farmerdoge.net/
Telegram: https://t.me/FarmerDogeCrypto
Twitter: https://twitter.com/farmerdogebsc
Get $CROP on Coinstore: https://www.coinstore.com/#/spot/CROPUSDT
Download the Coinstore app: https://www.coinstore.com
About Coinstore
Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore plans to make digital assets available for everyone. Still in the early stages, Coinstore welcomes community members and interested influencer partners to collaborate in the up-and-coming stages.
Media Contact:
Charles Tan, Marketing Head, Coinstore
charles@coinstore.com
Liu Yi Yun, Branding Executive, Coinstore
yiyun@coinstore.com
Coinstore Social Media:
Twitter: https://twitter.com/coinstore_en
Telegram Discussion Group：https://t.me/coinstore_english
Telegram Announcement Channel：https://t.me/coinstore_global
Facebook: https://www.facebook.com/coinstoreglobal
Website: https://www.coinstore.com
Discord: https://discord.gg/KKHtHa4KPX
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
