About Test Token

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TEST Price: €0.00

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Volume (7D)

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Network & Addresses

Network
Address

BNB Smart Chain

0x3FAF7e4Fe6a1c30F78Cc3A83755E33364BAb77Ed

Price history

Time
Price
Change
Today
€0.00
NaN%
1 Day
€0.00
0.00%
1 Week
€0.00
0.00%
1 Month
€0.00
0.00%
1 Year
€0.00
0.00%

FAQ

Test Token (TEST) is a unique digital asset that was initially created as a byproduct during the development of a suite of decentralized finance (DeFi) tools by the Italian company, Fornace. Despite its initial purpose as a placeholder, TEST gained an unexpected following and has since evolved into a community-driven project. The token's name, TESTTOKENDONOTBUY, is a playful nod to its origins and the team's initial advice to potential buyers. The token's unique charm has attracted a dedicated fanbase, and the tools initially intended for other projects are now being developed with TEST holders in mind.

TEST operates on a unique tokenomics model. With each transaction, a 12% fee is applied, 9% of which is automatically added into liquidity and locked indefinitely, while the remaining 3% is redistributed among all TEST holders. This model aims to encourage holding and discourage large, sudden sales that could affect the token's stability. Additionally, there is a cap on the number of tokens that can be purchased in a single transaction, set at 5,000,000,000 TEST, a measure designed to limit the influence of large holders, often referred to as 'whales'.

One of the primary use cases for TEST is as a gateway to the suite of DeFi tools being developed by the Fornace team. These tools, collectively referred to as Fool's Tools, aim to simplify the DeFi experience for users. They provide features such as displaying current token values, listing liquidity pools (LPs), and simplifying wallet layouts. The tools are designed to be user-friendly and accessible, even for those new to the DeFi space. Holding TEST tokens allows access to these tools.

The history of TEST is as unique as the token itself. It was initially created by a developer at Fornace during the development of a suite of DeFi tools. The developer added 0.5 BNB to the liquidity pool with 95% of the tokens and renounced ownership. However, when attempting to remove the liquidity from PancakeSwap, an issue prevented this from happening. Unable to regain ownership or disable the swap and liquify function, the developer decided to send the liquidity pool (LP) to a burn address, effectively locking it forever. This unexpected turn of events resulted in a token with the developer retaining approximately 5% of the tokens for actions decided by the community.

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