So we launched $Gifu today on Hive engine. It has been trading on the Binance Smart Chain for a few months now. The market can by found by clicking this link here. You can also find out full tokenomics and launch details in this post here:
https://peakd.com/gifu/@gifu/gifu-tokenomics-how-it-works-and-what-you-need-to-know
What is it?
Well $Gifu is a bit different from our other tokens. In our other tokens there's some form of passive income involved with them. You buy and hold and earn. With this one you buy and hold, and that's really all it does. It's a Meme token.
But it also has utility, that's why we call it a meme-tility token. We're commissioning branded .gifs for projects that would like to get in on the game.
So in the future we have plans for buybacks, burns, and reducing the supply at a rapid rate. The whole idea for our token is to burn as much as we can and reduce the supply as far as we can.
So.. you buy and hold.
.. and hope the price goes up.
Which of course we will be working hard to do.
We'll also be working hard to pitch to projects who may fancy some branded gifs for their marketing arsenal on and off Hive.
Think of it as a long hold
We're completely spoiled on hive engine in a way, because most of the good tokens on there have earned us quite a bit by either their projects inflation, or taking advantage of inflation elsewhere. There's quite a range of tokens on here that actually do something and work and often times maintain their core prices. Which is not quite what happens across the cryptosphere, that's for sure.
Most tokens that give out rewards go down down down.
But that's another story, anyway.
With $Gifu you should buy and hold and treat it like any other meme token out there. Hold it and hope it goes to a moonshot, or at least several x's up during the bull.
What IS for certain though is that we will be burning, powering up, and saving into HBD our sales. No sales whatsoever will be going to the team. We hold the token, that's our bag.
We'll also be buying $gifu back with all profits made on the @gifu account, so even without sales there's already a buying and burning mechanism in place.
Good luck!
Good luck to those who decide to buy and hold. You wont be sorry, that's for sure.
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