With the emergence of blockchain technology, we say many cryptocurrencies come and go. However, most of the cryptocurrencies and token are hyped due to their high presence in speculation. Cryptocurrency enthusiasts tend to invest in the presale of any new token they hear about, and when a token’s bubble is popped, there is no limit to losses. This usually happens because of the decentralization of cryptocurrencies and not knowing the actual owner and the actual stats of the blockchain project.
$afeID ($ID) a new era begins
An independent firm with a decade and a half of expertise in technology and auditing-related services, A.G. BERGSMANN is Swiss-based. The company offers smart contracts and KYC audits and charges only $afeID tokens that fuel the whole project. The company recently launched its token $afeID ($ID) on November 8, 2021. The token will soon be available on all popular crypto exchanges. For now, let’s just look at some facts about the token.
Key Takeaways
- $afeID, symbol $ID is a BNB token and is based on the Binance chain and the token contract address is: 0x046E943BD166b810de338312240b538B14368bC5
- After burning 40% tokens, the current supply of the $ID token is 300,000 $ID
- The $afeID coin will initially be accessible on the well-known decentralized exchange PancakeSwap.finance and Flooz.Trade in the liquidity pool WBNB/$ID. The token’s initial price in the liquidity pool will be set at 2,000 $ID/BNB. The project’s liquidity is always expanding as a result of the turnover.
- To increase investors’ trust, the majority of the free tokens (239,829 $ID) will be restricted to the DxSale platform. In addition, initial liquidity would also be locked at Mudra Liquidity Locker for a period of six months.
- There is a 3% transaction fee for token transactions. This fee is then fully divided into the token holders for the number of tokens they hold. This way, the $ID token holders earn revenue by holding.
The token contract has an anti-whaling mechanism. This defines how many tokens a wallet can own and the maximum amount that can be transferred during a transaction. This prohibits huge investors from manipulating the token’s price for speculative motives. - In each situation, the price of a token is decided by the connection between supply and demand for it. Unfortunately, for most tokens today, changes in demand and supply are based on entirely speculative assumptions.
- The company will take advantage of the auditing services that can only be acquired by paying in $ID tokens. As a result, the demand for the tokens will be directly proportional to the demand for the company’s services.
- Finally, the WBNB/$ID tokens can be converted to altcoins, which is of huge significance.
$afeID ($ID) Stats
The current market price of $ID token is $4.34 and will increase as the demand increase. The token’s market cap is $1.3 million, and BNB/$ID is $140 just after two weeks. Liquidity is expanding as time passes.
The project founder Attila and his team are hopeful and trying their best to provide transparent audit services to the blockchain world and a stable token that speculators cannot manipulate.
