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Wednesday, 05/04/2022 8:10:15 PM

Wednesday, May 04, 2022 8:10:15 PM

Post# of 602
FOOK Token team member - questions or comments?

I know that many of you here in this thread have heard of FOOK Token already. I'm the team lead of FOOK Token and can answer any questions you may have for us.

But, for those that are new to FOOK here's some information:

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FOOK Token, the SmartDeFi™ passive income generator.
What if you could make an investment today that grows over time and pays passive income? Maybe set up a fund for your children’s future? How about a donation that pays a charity indefinitely? With FOOK Token all of this — and much more — is possible.

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FOOK transactions generate an impressive:

25% in Reflection Rewards (buy* and sell):
This percentage of a buy or sell is sent back to FOOK token holders based upon their percentage of FOOK token ownership of the total supply. This is how you earn passive income. (*This fee is waived on a buy if you hold at least 0.001 ROX tokens in your wallet!)

10% in Asset Backing (buy and sell)
This percentage goes to back the BNB baseline value of FOOK. With every buy the minimum value of each FOOK Token increases. This is HODLer’s dream come true.

5% in Smart Rising Price Floor (sell)
This percentage is sent directly to the liquidity pool in BNB, reducing price impact of the sell transaction and growing the liquidity pool, ultimately stabilizing price over time.

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Burn Wallet
31% of all FOOK Tokens were sent to a universal "burn wallet" pre-lanuch. This wallet will consume it's portion of reflections on every transaction. This creates a hyper deflationary model, decreasing circulating supply at a rapid pace. As the wallet grows so does it's consumption of reflections, ultimately making FOOK more scarce (and more expensive). Burned tokens also do not receive asset backing in BNB, so as more tokens burn, the tokens you hold in your wallet's asset backing value is increasing. In the short time FOOK has been trading, an additional 11% of Tokens have burned.

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What are we up to?

FOOK is only about 45 days old. We steadily rose to being the top SmartDeFi™ token, market cap wise, aside from ROX Token, and have managed to hold this position on most trading days since the initial rise.

With our quick growth, it was apparent a full team was needed to fully realize the full potential of FOOK Token. We have a unique position in the cryptocurrency market, utilizing the revolutionary SmartDefi™ technology to it's fullest potential. A team was assembled of design, marketing, and development professionals who have all worked within a corporate environment as well as within the ad agency landscape. The current FOOK team consists of a Graphic Designer / Front End Web Developer, Motion Graphics Designer, UI/UX Designer, Full Stack Developer, and Web3 Application Developer.

We have just recently done some brand refinement and rolled this out with an updated logo, new web ads templates for Telegram and Twitter, and a new short play logo video for use in social posts.

We are now in the process of creating a long play informational video about FOOK, with professional scripting, voiceover, and motion graphics to explain the complex aspects of the FOOK Tokenomics structure, and generally show how an investor can interact with the SmartDefi™ trading environment. Decentralized Finance can be difficult and intimidating to newcomers, and our aim is to make investing in FOOK both clear and as easy as possible. New technology can be hard to learn, but those who are early are those who have the most to gain, and we aim to help those interested in FOOK be these early adopters.

We will also be developing a new website with our new FOOK brand look and feel, built with the future in mind, utilizing the most popular open source libraries and tools.

Additionally, we are developing a FOOKtrack web3 application, technically speaking a progressive web application. This allows one code source that can be utilized within a browser, on your desktop computer as a standalone app, or on tablet a phone as a mobile application. This speeds up development time, creates a familiar experience on all devices, and future proofs our app for further development, reducing costs and time to implement new features. The application's use purpose is for investors to load wallet data of their holdings, import information from the FEGex exchange, and allow the user to manipulate this data to project possible future earnings and manage their portfolio. The first iteration of the app will be quite simple, but we have some very interesting ideas for future features, which are automatically delivered to the user when development is complete (no updating required).

After these items are complete we will be doing a full marketing push through crypto add aggregator Coinzilla, through social media channels, and through Youtube crypto news sites and influencers.

Future plans are to dip our toes into the music industry as FOOKmusic, and to create a presense on the Metaverse as FOOKfinancial.

Ultimately, FOOK is a storage of value, that increases your holdings over time, and provides passive income while you hold. The token can be utilized in many various scenarios and forms in the future. It's all a matter of what our imaginations can come up with. :)

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FOOK Links
Website: https://www.fooktoken.com/
Twitter: https://twitter.com/FookToken
Telegram: https://t.me/FOOKToken

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Thanks!
Ian FOOK

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