What is FeeNix($FNX) Token?
Tags: Bsc, Binance

What is FeeNix($FNX) Token?

In this article, we’ll discuss information about the FeeNix project and $FNX token

FeeNix is a hyper-deflationary token, which rewards investors for holding tokens long term, while also incorporating the Buyback approach currently present in the stock market. FeeNix is one of the first cryptocurrencies ever to include automatic Buyback. What is Buyback? If a particular stock has low value, but has the potential to perform better in the future, often companies will announce a buyback of the stock in the open market. Once companies announce the buyback, investors gain more confidence to purchase, and hold the stock as well. Additionally, the demand increases as the company starts buying the stock, which ultimately will drive the stock to raise. At FeeNix, we chose to apply the Buyback concept to cryptocurrency, and encourage investors to hold the token.

Why invest in FeeNix?

FeeNix token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens.

What’s So Great About That?

There are 3 advantages:

1. Raise in Value

○ After the tokens from the Liquidity pool are bought, the new BNB amount is added to the pool and the amount of the tokens are reduced, which results in an increase in price.

2. Free BNB

○ Once those tokens are burnt, it is like adding free BNB to the pool as there are no tokens to sell in the future.

3. Trust & Reliability

○ Investors can be relentlessly hesitant, and often get spooked by a bearish market.

Owners are not ready to renounce the ownership, because of its use when some things need to be changed.

**Bonus Holder Advantages **

● 2% rewards redistributed on every transaction

● Join a trusted network of investors, who are confident in the BuyBack contract, and understand the potential for growth in implementing this concept.

● Once the investors know that contract always buys after every sell, they feel confident about raise of the price and continue holding

Tax Breakdown

➔ 3% rewards to holders

➔ 4% marketing tax

➔ 3% Buy-Back tax

➔ Slippage: 11.4%

Tokenomics

1000000000: 1 BILLION INITIAL SUPPLY

DEV WALLETS: 5%

MARKETING AND PROMOTIONS WALLET: 5%

FUTURE EXCHANGE LISTINGS: 15%

AIRDROPS:10%

LIQUIDITY: 35%

INITIAL BURN: 30%

TAXES:

3%: REWARDS TO HOLDERS

4%: MARKETING TAX

3%: BUY-BACK TAX*

11.4%: SLIPPAGE

*will be utilized to keep the price of the token in check by buying back the tokens and burning them

How and Where to Buy $FNX token?

FeeNix token is now live on the Binance mainnet. The token address for FeeNix is 0x3F6d17676a2896D80F4a33c412eC04025679a48F. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap FNX token

Contract: 0x3F6d17676a2896D80F4a33c412eC04025679a48F

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in FNX token is currently PancakeSwap (V2)

Find more information FeeNix

☞ Website

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.