FUMA is the anti-inflation token of the Fuma Finance platform that has been designed to become a valuable DeFi token. The Fuma Finance platform has developed cryptocurrency FUMA and is coming up with advanced technologies on the Binance Smart Chainblockchain. The platform is designed to overcome several financial challenges. 

One of the FUMA token features is that the token will be burned from the supply constantly. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. The tokens are usually burned to reduce availability and increase market value.

Whenever any token holder transfers or trades FUMA tokens, 1% of the total supply will be burned, lowering the token's supply after every transaction. This is done to push the token's price so that FUMA becomes an asset for the token holders. 

The platform claims that the token is decentralized, unstoppable, and available for everyone. Being decentralized prevents FUMA from being a reserved or a team token for the development team, stakeholders, or any category. Instead, these tokens are designed to be allotted fairly among token holders. 

Of the total supply, 38% is distributed during the presale, 2% is reserved for Airdrop, and the remaining 60% is transferred to the pancakes as AMM. Automated market maker (AMM) is a tool utilized to supply liquidity (token pool) in decentralized finance without the involvement of a third party to set the price of an asset. 

Being built on the Binance Smart Chain and using the latest technologies, the token has been designed keeping future challenges in mind. This means the FUMA token has been designed so that apart from seeking to be a helpful asset today, the token aims to tackle challenges that arise in the future and upgrade itself constantly according to the needs and challenges faced at that time. 

According to the whitepaper, a 2% transaction fee is charged on every transaction. The fee is deducted and distributed to four different wallets. These wallets are the burn wallet (1%), airdrop wallet (0.4%), liquidity wallet (0.4%), and marketing wallet (0.2%). 

The whitepaper states that the maximum total supply of FUMA tokens is 5,000,000 tokens. 

We werken onze Fuma Finance naar EUR valuta in realtime bij. Ontvang de actuele prijs van Fuma Finance op Coinbase.