Cryptocurrencies had a great year in 2021. In this period, we have seen the market go from being classified as a billion-dollar economy into a trillion-dollar economy. Aside from that, cryptocurrencies are gaining visibility in the mainstream world with, for example, El Salvador's adoption of Bitcoin as the official digital currency. As a result, investors are looking for the "new Bitcoin" on the market, hoping to find a great alternative in so-called altcoins. Unfortunately, many traders value an altcoin exclusively…
Fairies Token is a BEP-20 and ERC-20 token for the upcoming P2E blockchain-based game, Neverland.
The play-to-earn sector is quickly emerging as a standalone sector in the market for blockchain applications. One of the future newcomers in this category is Neverland, an ecosystem encompassing P2E gaming, NFTs, dApps, farming, and more. Fueling this ecosystem is the Fairies token, which we will discuss in this short review. Read on to discover its features, tokenomics, and roadmap!
At the moment, Fairies Token is available through a pre-sale event on Pinksale.
What Is Fairies Token ($FRS)?
Fairies Token ($FRS) is the native token of the Neverland ecosystem. Its developers have deployed first on Binance Smart Chain and, subsequently, on the Ethereum blockchain. By providing it with cross-chain properties, the token should have better scalability and market appeal.
FRS will fuel the upcoming NFT game and the NFT marketplace within Neverland. Additionally, it will power the FRS Network and its proprietary exchange. These ecosystem features and applications are still in development and should gradually appear as per the Neverland roadmap.
The project developers believe that the current blockchain ecosystem lacks the necessary scalability to meet user demands. As the technology advances and reaches mainstream adoption, more people will use it. However, this might reduce its speed and security.
The Fairies Network should overcome common blockchain issues. Among them are slow block confirmations, high transaction fees, low scalability, and poor user experience. For now, it’s not clear how, but the development team will provide detailed technical specifications upon the network’s launch.
Those who want to purchase Fairies Token can do so in the pre-sale event on Pinksale. The project offers 21,000,000,000 FRS, and investors can buy 30,000,000 FRS with only 1 BNB. From there on, they become eligible for future ADA rewards.
- Token Symbol: FRS
- The token’s Address: 0xaF03155578e015F7f11112Aac13283040f4a616B
- Total Supply: 100,000,000,000 FRS
- Tokens for Pre-sale: 21,000,000,000 FRS
- The tokens available for liquidity: 7,280,000,000 FRS
- Liquidity Lockup Time: 365 days after pool ends
- Total Team Vesting Tokens: 10,000,000,000 FRS
- The marketing wallet will absorb 5% of every transaction.
- Another 2% of every transaction will go to the buyback wallet.
- The liquidity pool will receive 2% of every transaction.
- Another 2% of every transaction will go towards ADA rewards.
Although it barely arrived on the market, Fairies Token is looking to advance fast through its extensive roadmap. For instance, the project has already passed a successful audit from Watchtower. Also, the development team members have passed KYC by Pinksale.
Listings on PancakeSwap, Uniswap, Coinmarketcap, and CoinGecko should follow the undergoing pre-sale event. Later, the developers want to release all the NFT-related features of the project. Among them are an NFT marketplace, an NFT launchpad, and an NFT minting engine. Furthermore, FRS holders will be able to stake and farm their NFTs within the Neverland ecosystem.
Future releases should include a portfolio tracker, an exchange, and a crypto wallet. Also, Fairies will enable users to track trading gains and losses through a proprietary dApp.
Fairies Token is one of the newcomers in the NFT/P2E sector. It has an ambitious goal to offer better cross-chain solutions and help its token holders earn more passive income. For now, the project is in its early days. So, we will wait and see how fast it burns through the many developmental stages in its roadmap.
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