EARN Token — Buy, Hold and Earn!
Still kicking the tires on this one as well, but on first glance it looks kinda like a Reflection token on steroids!
Here’s the latest EARN Ask Me Anything (AMA) with the Rugs 2 Riches guys:
As far as I can figure out EARN has some similarities to Safemoon, but instead of the 10% redistribution rate, Earn keeps it to a lower 2%. Earn has also improved upon the Safemoon tokenomics by splitting the 1 Billion token Supply, and putting half in a burn address. In a sense it functions similarly to the Elephant Money Graveyard by enforcing scarcity/deflation.
Since every transaction incurs a 2% fee, which is distributed to all Earn holders by the percentage of Earn they hold, including the burn wallet, the token increasingly becomes scarcer.
Of the 2% in transaction fees, the burn address, because of its size, receives half of all the transaction fees. So, Buys as well as Sells cause a distribution event that increases holder token count, as well as increasing the scarcity of the circulating supply — driving up the price.
In my examination, while other tokens pay lip service to having some function to justify their existence, Earn has one main mission:
Make people rich.
I think the founders would disagree with that assessment.
From their AMA above, they do not do the hype circuit. They say, take your time, look under the hood, see for yourself if it is the right investment, or not.
But, after I “…took a look under the hood,” all it did was increase my sense of urgency. These early times will not last, and while the price will likely be volatile, I see the rocket ship already starting to leave the station.
Don’t be that person who looks back in regret, saying “That ship has sailed.”
461% in the past month, 81.9% in the last 24 hours.
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And it’s still early.
Only 786 holders of EARN, Marketcap of only $4.22 million. Despite the price action, it’s still extremely early.
Safemoon, at its height, reached a marketcap of $17 BILLION.
“Upon release, Vice reported that between March 14 and April 21 of 2021, SafeMoon increased in value by 23,225%…”
Earn is not Safemoon, just has some first glance similarities. But, with a reduced 2% in fees, and with the addition of the burn wallet taking 1% out of the system with every transaction, these improvements alone will gradually raise the price floor.
Sure, sells will still affect the price, but value is distributed to participants that Buy, Hold and Earn.
Flames and Flamelings
On top of the fabulous wealth generating tokenomics, the founder/devs of EARN have introduced NFTs.
Flames have tokenomics similar to the EARN token, except 3 of the colors, Yellow, Red and “nova” have reward bounties. Flames also have a shill component where external trusted projects can airdrop their tokens to the holders of Flames.
Flamelings, though, have tokenomics that encourage spreading the word.
They are able to act as the investor’s own created token, so investors with communities are able to promote their Flameling token to their respective groups. As their groups purchase the Flamelings, that in turn also affects the EARN token price.
It’s self-supporting Marketing tokenomics!
In any case, I like what I heard from the founders in the video above. I think it’s definitely worth a look — sooner rather than later!
If you’d like to find out more about the details of the projects I am in, and how to participate, please go here: https://cryptozoa.medium.com/passive-income-projects-eafd4ee0a4aa
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article.
