Full disclosure, I own some $FRAT, but it’s obviously because I believe in the project’s long-term growth. We’ve seen a lot of 100x coins since BSC projects became prominent, and I can’t believe this won’t be one of them.
$FRAT is one of the first deflationary/yield tokens released on BSC with a legitimate use case. The project is the brainchild of YouTube personality DeFi Dom (https://www.youtube.com/c/DeFiDom/featured) which provides the token with a serious marketing advantage.
The best way to succinctly describe the project is a TradingView platform for cryptocurrencies. Platform tools will include, but not be limited to, a social analytics tracker which will depict the social media interaction of tokens in an aggregated form (whether they’re trending on Facebook, Twitter, CMC, CoinGecko, etc.); advanced charts which, similar to TradingView and Dextools (which is only for ERC20) will allow subscribers to to see current and predicted TA stats for each token (MACD, RSI, parabolic SARs, stochastic oscillators, etc.) so chart analyses will be quick, efficient and effortless.
Additionally, bull/bear trends on the 5, 10, hour, day, week and month will remain live for each token via real-time tickers, a series of live chats about low cap and future projects will be integrated, and early access to projects (so essentially a DeFi launchpad) will be sponsored through $FRAT and made available only to token holders. You will also be able to sync your wallet to the platform which, through APIs, will allow you to see all current and future stats and predictions about the tokens you’re holding.
Both buy and sell transactions will incur a 15% tax, 10% of which will be redistrubted among current holders and the other 5% of which will be burned, so supply will reduce rather quickly (much better than the 4/2/2 setup). These tokenomics will also deter whales and bots since they’ll have to see at least a 30% gain to profit, so price increases should be consistent and retracements short lived.
The team is doxxed and led by DeFi Dom, who has been entirely transparent about project progress over the last two weeks. As a YouTube influencer, he has ties to exchanges, so I anticipate listings coming sooner than later. As of writing the token only has 796 holders, so it’s still in it’s infancy. Dev liquidity is confirmed locked for one-year, so there’s no potential rugpull or honeypot scenarios.
External audit to be finished by end of April. CMC and CoinGecko listings pending.
IMO, this will be bigger than all the #safe and #fair launches because, besides the tokenomics, it has an extremely legitimate use case. Relevant links will be posted below. As always, #DYOR.
Check out the professionals on you tube: https://www.youtube.com/channel/UC4JSzXqVr3joATwnx45HSsA
Toke address: 0x7352eebeda1ff0e625452cc27d811a88216243fb
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Do your research and buy any token so at your own risk.
What are your thoughts?