The Feb token is a unique self-destructing currency. The project started as a social experiment and grew into a community-run project with people who work toward fighting inflation and changing the traditional norms. Feb is an acronym of “Feed Every Baboon.” Since the token is entirely decentralized, 100% of them are locked in a liquidity pool (LP) forever.

Further, 1% of the token’s supply is destroyed (burned) due to its deflationary nature. Token burning refers to the practice of intentionally sending the token to an unusable wallet address for it to be eliminated from circulation. Cryptocurrency developers follow this practice to decrease the supply and, in turn, increase the value of the token in the market. Thus, every time FEB is transferred, 1% of the transaction is destroyed.

In contrast, half of the token’s supply was sent to Black Hole at its launch. Black Hole refers to a protocol that is an approval-free cross-chain burning platform based on the Ethereum network. Any user or project governor can build a burning pool by holding back an old token LP to burn the old token into a new token permanently. And, because it is massive, each FEB token transaction will destroy the supply, leading to hyperinflation as FEB has a fixed supply.

The token’s maximum supply is 1,000,000,000,000,000. 

Tokenomics refers to the study of the workings of cryptocurrencies within a broader ecosystem, such as token distribution and how they can be used to incentivize positive behavior in the network.

The token had a fair launch, with no presale and no allocation to team members.

We update our FEB Token to USD currency in real-time. Get the live price of FEB Token on Coinbase.