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yep, water under the bridge. onward and upward!
cheers, i'm here for those busy and bullish SD days. wishing us all the best of success.
my understanding is you can avoid paying all reflection taxes on any SD token by holding at least .001 ROX in the wallet making purchases.
FOOK has a 25% reflection tax, BurnIT is 40%. others have more or less.
and people new to SD may misunderstand and think all SD tokens have high reflections or high taxes, and this is incorrect.
when the token is created, any tax from zero to whatever the upper end is, can be selected.
https://deployer.fegex.com/
while anyone can create their own token, it's not a simple undertaking. huge mistakes can be made that render it worthless, especially with asset backing. so i am cautious when posting a link to the deployer.
i did in this case just to show people how the sliders work for the taxes. here's a video that goes over the process:
that's a great point. if someone owns 25% of total supply and the tax is 40%, then on $100K dollar volume, $40K would be divided among all wallets, so they'd get 25% of 40K, or $10,000. in a day.
but one caveat: this is affected by how many buyers have .001 ROX in their wallet.
sellers who aren't doing smartswap would all pay into wallets of those still holding.
can BurnIT ever do $100K dollar volume in 24 hours? i'll bet it can happen once FEGex is busier.
another thing i'm forgetting is how quickly a hodler's percentage of total circulation might grow, based on the burn rate alone.
those who hold long term will do very well, vs those who flip out early.
i always look at the market cap rather than price. Affinity is at $7.73 with about a $70K market cap. that's chump change. circulation is 9086 tokens.
https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
good to be back, norgy. the tax on buys can be entirely avoided, just by owning .001 ROX token in the wallet you're using for purchases.
at today's price, that .001 ROX costs less than $9.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168726388
https://beta.fegex.com/charts/details/bsc/0xa3D522c151aD654b36BDFe7a69D0c405193A22F9
the sell tax can't be avoided, but i think FOOK can run to hundreds of dollars per token near term, and eventually might high thousands of dollars per token.
so i'm not concerned about the sell tax.
and it's possible that could be tax deductible as a trading fee, too. can't say for sure yet, as tax laws are constantly changing, and IRS rules for defi are in flux, but logic says it's a commission.
another thing to consider is not all SD tokens have high taxes. some have barely any.
great info. thanks for being here with us!
you must buy .001 ROX. otherwise you're throwing 25% of each FOOK purchase, and 40% of each BurnIT purchase, into the wallets of other traders.
and .001 ROX only costs you $8.33. so be on the safe side and buy .002 of it.... lol
https://beta.fegex.com/charts/details/bsc/0xa3D522c151aD654b36BDFe7a69D0c405193A22F9
if you ever create a new wallet for SD tokens, make .001 ROX the first purchase you make. it's the easiest, simplest way to save huge money.
glad to hear it. i'll try to tell others about this discount from owning .001+ ROX, but let's all keep on reminding our ihub friends when we can. it's an obscure "rule" and not well-advertised.
FOOK and Affinity charts actually match the BabyKrakens and BurnIT charts. and the reason for this is these tokens are so thin, all it takes is one or two people buying them and they go way, way up.
this is why i created the SD tokens board. why i've been so vocal and bullish. pounding the table.
if a handful of traders can move these SD plays so easily, just imagine what they might do when thousands of people from the crypto space discover FEGex, and then what will happen as average people who never even traded crypto discover it.
FEG is creating one of the safest DEX in the world imo. and when their #2FA wallet is part of it, it's quite possible FEGex will earn the accolade of safest DEX ever.
lakers, if you have at least .001 ROX token in your wallet (on the same chain as BurnIT, which is the BNB (BSC) side) then you can avoid paying the 40% reflection tax when buying BurnIT, FOOK, and all of these tokens with high reflections.
i'm pretty sure i'm correct.
maybe our new board member from the BurnIT team can answer this.
most of my cryptos (other than smartdefi) are red today, but less red than they had been. i guess that's progress!
hey, thanks for being here. i look forward to hearing more about your plans for the BurnIT project.
could happen, it's definitely volatile.
i hope some weak hands let go in the $7 to $11 range. would be nice to churn it here for a while before the next leg up.
i added BURNIT to the list. i'm really kind of on the fence about it, since the developer who started it may not still be involved. last i saw in their telegram chat people were discussing plans for its future and it seemed like things were somewhere in flux, but it could turn out to be a great one. we shall see.
SmartDeFi tokens -- an unofficial guide --
most of these are trading with BNB, or binance coin, on the BSC (binance smart chain). if not familiar with how to create a wallet and fund it with BNB, please web search that for details, as the tech is constantly changing.
official smartdefi website: https://smartdefi.com/
an unofficial listings site: https://sdtokens.com/
ihub board: https://investorshub.advfn.com/Smartdefi-Tokens-41077
new smartdefi tokens are being minted all the time, but here are some early favorites:
FOOK token, with 25% reflections, for big passive income:
telegram chat: https://t.me/FOOKToken
twitter page: https://twitter.com/FookToken
website: https://www.fooktoken.com/
ihub board: https://investorshub.advfn.com/Fook-Token-FOOKUSD-41088
reflections are generated with a high transaction tax. by holding .001 ROX token you can avoid paying a "buy tax" but will always pay a tax to sell FOOK token.
FEGex trading link: https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
Affinity SD, an early NFT project in the SD space, with backing from many in the FEG team:
telegram chat: https://t.me/affinitysd1
twitter page: https://twitter.com/affinity_nft
website: https://affinitydefi.org/
Affinity SD token FEGex trading link: https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
BabyKrakens, a high-reflection memecoin, partnered with "TheKraken":
telegram: https://t.me/BABYKRAKENS
telegram: https://t.me/djsthekraken
twitter: https://twitter.com/kraken_coin
website: https://www.thekrakencoin.net/
FEGex trading links:
BabyKrakens: https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
TheKraken: https://beta.fegex.com/charts/details/bsc/0x3481Ae06214239A896c618Bb1C80E0E94Ab9D306
BabyKrakens was designed to generate income to buy and burn TheKraken, but it's not necessary to own both to benefit from this paired tokenomics.
BURNIT, another high reflection token:
telegram: https://t.me/burnitSDchat
website: https://burnitsd.com/
twitter: https://twitter.com/burnitsmartdefi
FEGex trading link: https://beta.fegex.com/charts/details/bsc/0x33b47aC2418477E45558d8c1ae612e06a04815CF
other SD tokens of interest: SINU, WINU, SDOX, Divvy, LAVA, CasinoMetaFi (CMETAFI), RUGMUNCHERTOKEN, and OFFYSD. please do your own research before buying any crypto, including smartdefi tokens.
what sets SD tokens apart is they all have a smart rising price floor, constantly rising baseline value, and many give reflection tokens to holders with each transaction, but this is no substitute for an active developer, a strong team and community.
check social links to verify an active project, familiarize yourself with their roadmap, and if necessary, consult your financial advisor, before making any purchase.
no one here is offering financial advice, these are merely opinions.
SmartDeFi tokens -- an unofficial guide --
most of these are trading with BNB, or binance coin, on the BSC (binance smart chain). if not familiar with how to create a wallet and fund it with BNB, please web search that for details, as the tech is constantly changing.
official smartdefi website: https://smartdefi.com/
an unofficial listings site: https://sdtokens.com/
ihub board: https://investorshub.advfn.com/Smartdefi-Tokens-41077
new smartdefi tokens are being minted all the time, but here are some early favorites:
FOOK token, with 25% reflections, for big passive income:
telegram chat: https://t.me/FOOKToken
twitter page: https://twitter.com/FookToken
website: https://www.fooktoken.com/
ihub board: https://investorshub.advfn.com/Fook-Token-FOOKUSD-41088
reflections are generated with a high transaction tax. by holding .001 ROX token you can avoid paying a "buy tax" but will always pay a tax to sell FOOK token.
FEGex trading link: https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
Affinity SD, an early NFT project in the SD space, with backing from many in the FEG team:
telegram chat: https://t.me/affinitysd1
twitter page: https://twitter.com/affinity_nft
website: https://affinitydefi.org/
Affinity SD token FEGex trading link: https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
BabyKrakens, a high-reflection memecoin, partnered with "TheKraken":
telegram: https://t.me/BABYKRAKENS
telegram: https://t.me/djsthekraken
twitter: https://twitter.com/kraken_coin
website: https://www.thekrakencoin.net/
FEGex trading links:
BabyKrakens: https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
TheKraken: https://beta.fegex.com/charts/details/bsc/0x3481Ae06214239A896c618Bb1C80E0E94Ab9D306
BabyKrakens was designed to generate income to buy and burn TheKraken, but it's not necessary to own both to benefit from this paired tokenomics.
BURNIT, another high reflection token:
telegram: https://t.me/burnitSDchat
website: https://burnitsd.com/
twitter: https://twitter.com/burnitsmartdefi
FEGex trading link: https://beta.fegex.com/charts/details/bsc/0x33b47aC2418477E45558d8c1ae612e06a04815CF
other SD tokens of interest: SINU, WINU, SDOX, Divvy, LAVA, CasinoMetaFi (CMETAFI), RUGMUNCHERTOKEN, and OFFYSD. please do your own research before buying any crypto, including smartdefi tokens.
what sets SD tokens apart is they all have a smart rising price floor, constantly rising baseline value, and many give reflection tokens to holders with each transaction, but this is no substitute for an active developer, a strong team and community.
check social links to verify an active project, familiarize yourself with their roadmap, and if necessary, consult your financial advisor, before making any purchase.
no one here is offering financial advice, these are merely opinions.
SmartDeFi tokens -- an unofficial guide --
most of these are trading with BNB, or binance coin, on the BSC (binance smart chain). if not familiar with how to create a wallet and fund it with BNB, please web search that for details, as the tech is constantly changing.
official smartdefi website: https://smartdefi.com/
an unofficial listings site: https://sdtokens.com/
ihub board: https://investorshub.advfn.com/Smartdefi-Tokens-41077
new smartdefi tokens are being minted all the time, but here are some early favorites:
FOOK token, with 25% reflections, for big passive income:
telegram chat: https://t.me/FOOKToken
twitter page: https://twitter.com/FookToken
website: https://www.fooktoken.com/
ihub board: https://investorshub.advfn.com/Fook-Token-FOOKUSD-41088
reflections are generated with a high transaction tax. by holding .001 ROX token you can avoid paying a "buy tax" but will always pay a tax to sell FOOK token.
FEGex trading link: https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
Affinity SD, an early NFT project in the SD space, with backing from many in the FEG team:
telegram chat: https://t.me/affinitysd1
twitter page: https://twitter.com/affinity_nft
website: https://affinitydefi.org/
Affinity SD token FEGex trading link: https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
BabyKrakens, a high-reflection memecoin, partnered with "TheKraken":
telegram: https://t.me/BABYKRAKENS
telegram: https://t.me/djsthekraken
twitter: https://twitter.com/kraken_coin
website: https://www.thekrakencoin.net/
FEGex trading links:
BabyKrakens: https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
TheKraken: https://beta.fegex.com/charts/details/bsc/0x3481Ae06214239A896c618Bb1C80E0E94Ab9D306
BabyKrakens was designed to generate income to buy and burn TheKraken, but it's not necessary to own both to benefit from this paired tokenomics.
BURNIT, another high reflection token:
telegram: https://t.me/burnitSDchat
website: https://burnitsd.com/
twitter: https://twitter.com/burnitsmartdefi
FEGex trading link: https://beta.fegex.com/charts/details/bsc/0x33b47aC2418477E45558d8c1ae612e06a04815CF
other SD tokens of interest: SINU, WINU, SDOX, Divvy, LAVA, CasinoMetaFi (CMETAFI), RUGMUNCHERTOKEN, and OFFYSD. please do your own research before buying any crypto, including smartdefi tokens.
what sets SD tokens apart is they all have a smart rising price floor, constantly rising baseline value, and many give reflection tokens to holders with each transaction, but this is no substitute for an active developer, a strong team and community.
check social links to verify an active project, familiarize yourself with their roadmap, and if necessary, consult your financial advisor, before making any purchase.
no one here is offering financial advice, these are merely opinions.
yeah, i have some of BURNIT, but not a lot. same with babykrakens. enough that if it gets discovered i'll do well.
each reflective token will only work well with big volume. transactions generate the passive income.
so i mainly want to own the top dog in the space, the one with the biggest marketing behind it. so far that seems to be FOOK token.
you're welcome.
it has a typo in it. here's the correct link:
https://t.me/burnitSDchat
like you, i find most social media annoying. i can't spend all day there. but when it's time to check out a crypto i have a system down, and it only takes about 15 minutes, maybe half an hour tops, to check it from multiple angles.
telgram, twitter, but also reddit, can give a good overview.
and it's especially important for these SD tokens, since anyone who wants to can create their own crypto in a few minutes.
i have a big collection of SD garbage i wish i'd never bought. live and learn.
it took me a while to get a feel for it, then when i was wiser, i came here and set up the SD tokens board.
besides our current ones, there are a handful of other SDs i think are legit, but their charts have cooled off, and promotion is very low-key. i'll get around to posting about them when i can.
a good resource is https://sdtokens.com/ but they aren't the final word.
and it's a bit dangerous to buy presale tokens but that's the cheapest entry.
we can get into how to do that later, as well.
really internalize what i just said. don't brush it off. exploring all of this stuff, even if it's tedious, can save us from getting stuck in trashy, worthless pump and dump tokens.
most tokens have a whitepaper link on their website. and many SD tokens have submitted applications to coinmarketcap now. they are pending approval. but there are no shortcuts when doing your research. you must check telegram and twitter to get a real feel for the token. the white paper could sound amazing, but if there's no organic interest, no real community, then owning that crypto would be a mistake.
i would much rather pay more for a token with a proactive developer and strong community than something that looks good at first glance, but is based on smoke and mirrors promo.
besides, the market rewards big valuations. most people want to own the top cryptos trading in a space, and ignore laggards.
yes, check the social buttons (screenshot at bottom of this post).
paper airplane icon is telegram, world icon is website, also twitter links are usually there.
i always encourage people to check out a telegram chat for any token they want to buy.
https://t.me/FOOKToken
it'll show you right away how active a community is. and developers usually spend time in telegram also, so you can ask them about promotion plans, etc.
https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
they don't list tokens that are "trending" or "top gainers" until the 24 hour volume crosses $10K. this is a safety feature, because lots of tokens with low dollar volume make big moves for no real reason.
that's by design, not a bug. they won't show a token trending until the dollar volume crosses $10K.
i'm still in the red on (most of) my BURNIT buys but it looks like that may change soon.
here's another SD gem, babykrakens. like most, it's only been trading a few weeks. timing is perfect for these.
USCT stablecoin is about to debut, same with FEG's unbreakable #2FA wallet.
when the crypto community finds out about FEGex i'll bet the "best of breed" SD tokens reach multi-million USD market caps.
babykrakens telegram chat: https://t.me/BABYKRAKENS
trading link on FEGex:
https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
nice to hear that. hey, also check out babykrakens. like most SD tokens it's only been trading a few weeks. when the crypto community finds out about FEGex i'll bet many of these can reach multi-million USD market caps.
babykrakens telegram chat: https://t.me/BABYKRAKENS
trading link on FEGex:
https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
same here! that's one reason why i created the SD tokens board. because crypto has needed a DEX where the broader crypto trends have little or no influence.
why does FOOK stand out in the SD crowd?
lakers and i were on his board, chatting about which SD token might become the next ROX, and i think FOOK has a shot at that. its tokenomics are unlike most other SDs:
________
one thing i love about FOOK is the burn wallet is huge. currently 39.4%.
https://bscscan.com/token/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1#balances
and when a transaction occurs, 25% tax means the burn wallet % of each buy or sell gets sent to... the burn wallet.
this means over time, the FOOK burn wallet will be a growing % of the total supply, which means as time goes on, more and more FOOK tokens will disappear.
thus tightening supply way, way up.
it's a really incredible design!
lakers and i were on his board, chatting about which SD token might become the next ROX, and i think FOOK has a shot at that. here's why.
one thing i love about FOOK is the burn wallet is huge. currently 39.4%.
https://bscscan.com/token/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1#balances
and when a transaction occurs, 25% tax means the burn wallet % of each buy or sell gets sent to... the burn wallet.
this means over time, the FOOK burn wallet will be a growing % of the total supply, which means as time goes on, more and more FOOK tokens will disappear.
thus tightening supply way, way up.
it's a really incredible design!
one thing i love about FOOK is the burn wallet is huge. currently 39.4%.
https://bscscan.com/token/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1#balances
and when a transaction occurs, 25% tax means the burn wallet % of each buy or sell gets sent to... the burn wallet.
this means over time, the FOOK burn wallet will be a growing % of the total supply, which means as time goes on, more and more FOOK tokens will disappear.
thus tightening supply way, way up.
it's a really incredible design!
in price, yes -- but the circulating supply of affinity is lower than FOOK -- 9,086 tokens vs 231,743 tokens.
so affinity is only valued at $83.7K here. if it had the same market cap as FOOK it'd be trading for $235.52 per token.
https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
had i won i would've done another giveaway, but not on twitter -- to my ihub buds. lol
FOOK token giveaway timer up..... 300 tokens, 100 each for 3 winners -- current price $9.75.
Congrats to @Epson6644 @Airdrophunt3rr and @Arnel98724071
— FOOKtoken 🔺 (@FookToken) May 1, 2022
You've each won 100 #FOOK Tokens!
Please DM us to arrange transfer to your wallet. If not claimed within 48hours a new winner will be chosen.
To verify the drawing visit https://t.co/UAoWvaY9Pq and use code: fk7dktf4 pic.twitter.com/UfyMw7229J
FOOK giveaway happening now..... 300 tokens -- current price $9.75.
Congrats to @Epson6644 @Airdrophunt3rr and @Arnel98724071
— FOOKtoken 🔺 (@FookToken) May 1, 2022
You've each won 100 #FOOK Tokens!
Please DM us to arrange transfer to your wallet. If not claimed within 48hours a new winner will be chosen.
To verify the drawing visit https://t.co/UAoWvaY9Pq and use code: fk7dktf4 pic.twitter.com/UfyMw7229J