Doxxed Santa is a community-driven token aiming to boost passive income for crypto investors. In this regard, the developers propose a secure token with potentially high rewards for holders. Furthermore, the team focuses on obtaining investor trust after obtaining KYC, and smart contracts audit by Solidproof. Tokenomics Details 3% Locked LP Reflection Doxxed Santa has an automatic LP reflection mechanism to create a more stable price. Each token's LP pool stands as the project's core. By adding this indicator to…
Baby Floki Up is a hyper-deflationary token of the emerging Doge family. It’s aim is to increase investors’ wealth and achieve healthy, long-term development.
The Doge family is growing to the extent that not even the #DogeFather himself, Elon Musk, couldn’t have anticipated. As it stands, numerous projects look to monetize the rapidly increasing fan base of everything Doge.
One of these projects is Baby Floki Up, a fan-generated token, allegedly $FLOKI’s younger brother. With a dynamic buyback mechanism and a high rewards system, this platform seeks to “provide the richness for humanity as the money maker.”
In this Baby Floki Up review, we find out what that means. Also, we discover how the project plans to achieve it.
What is Baby Floki Up?
Baby Floki Up is a DeFi protocol that uses an effective buyback mechanism to support its hyper deflationary token, $BFU.
The project comes with several other features, including a reward system, marketing development, and a sustainable business structure. Furthermore, $BFU holders will gain automatic access to faster increasing rewards when they keep their tokens. On the other hand, the platform will charge 6% of taxes for buyback and 2% for rewards through a smart contract.
Once it buys back the tokens from the market, Baby Floki Up will burn them. This way, it should increase the token’s value as its circulating supply drops. In the end, this will be the “richness” available not to all humanity but only to those still holding onto their BFUs.
Baby Floki Up Features
Like many other members of the Doge family, Baby Floki Up aims to exchange rewards for long-term user loyalty. This way, it can grow as a community-driven, sustainable project with a potentially prosperous future. To reach its goals, it will implement several features, such as:
BFU Buyback Mechanism
In real-world applications, many companies perform buybacks to increase their stocks’ value. And they do so by buying their own shares. Another benefit of this practice is that it prevents specific holders from gaining complete control.
These principles go hand in hand with decentralization. That’s why they work so well for crypto projects like Baby Floki Up.
This project takes a 6% tax on every transaction on the platform. Then, it uses it to buy BFU tokens and automatically burns them. As a result, the token’s price increases as its overall amount drops. Furthermore, it ensures that whale investors don’t accumulate enough tokens to control its development.
Baby Floky Up will also provide users with a decentralized application (Dapp) with exchange functions. This feature will be similar to an AMM (Automated Market Maker) exchange. Furthermore, it will enable new investors to acquire BFU tokens and other cryptocurrencies. Lastly, it will launch at the end of October, and it will integrate a farming function from December 2021.
Baby Floki Up will take 2% of taxes and automatically redirect it as rewards to BFU holders. This way, those who hold on to their tokens long enough may gain a substantial passive income.
According to its official documents, the project will also use 4% of taxes to develop its marketing strategy. As a result, Baby Floki Up will benefit from better promotions that should enhance its popularity. In the long-term, this could lead to a larger user base and, subsequently, more value for $BFU.
Sustainable business structure
Besides being an up-and-coming crypto project, Baby Floki Up is also a sustainable business with long-term development plans. In this regard, it seeks to adopt eco-friendly and green activities, products, and processes. This way, it should address current environmental concerns while maintaining a profit.
This ambitious plan will take 2% of the taxes the project collects. In the long run, it should help this crypto platform become more environmentally friendly.
Baby Floki Up will soon launch its hyper deflationary token, $BFU, which is almost 90% driven by the BFU global community. Here are few details about the token and its distribution:
- Token name: Baby Floki Up
- Token symbol: BFU
- Total supply: 1,000,000,000,000,000
- Blockchain network: Binance Smart Chain
- Contract Address: 0x8927282a3d05ef5f7dc24ed0ee009be264d2ebd7
- Decimals: 9
- Buy fee: 14%
- Sell fee: 14%
- Presale – 50% (500,000,000,000,000)
- Add liquidity – 37.5% (375,000,000,000,000)
- Platform fee – 2% (20,000,000,000,000)
- Marketing – 5% (50,000,000,000,000)
- Airdrop and Rewards – 3.5% (35,000,000,000,000)
- Team – 2% (20,000,000,000,000)
How Safe is Baby Floki Up?
Although it is still in its early days, Baby Floki Up is making significant steps toward its objectives. In this regard, it guarantees its credibility and safety through a Solidproof audit for the $BFU contract. Additionally, it obtained KYC team information processing from the same auditing company.
This Baby Floki Up stops here in the absence of further details. Nevertheless, the project developers have disclosed that they will release more information in the coming days.
By the end of 2022, Baby Floki Up aims to be among the Top-50 crypto projects on CoinMarketCap. That is a very ambitious goal for one of the many members of the Doge family. Also, by then, the platform should account for at least 100,000 BFU long-term users or “rich holders.” Only time will tell if Baby Floki Up will reach its highly ambitious objective.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Learn More