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ABEX Token on the Binance Smart Chain
In recent times, the cryptocurrency industry has been seeing several scams, fraudulent activities, and malicious projects. The various projects seem to be pump-and-dump schemes where the owners pull the rug, and the community is left with nothing. These projects tarnish everything cryptocurrencies and the blockchain industry stands for – A decentralized environment where people can control their assets, learn about the technology, and leverage to help the community evolve. The ABEX Token project on the Binance Smart Chain aims to restore these principles of blockchain by gathering the community of blockchain and crypto aficionados. Let’s dive in to understand the various challenges the crypto industry faces, how the ABEX token will solve them, its tokenomics, and more.
Challenges of the Crypto Industry
Lack of Trust
Due to scams and fraudulent activities in the last two years, people hesitate to invest in cryptocurrencies. Considering the malicious activities in renowned companies, people fear investing even in legitimate companies. This general sense of fear and paranoia is a massive setback for the blockchain industry, as it can solve several real-world problems across multiple industries.
Decreased Adoption Rate
Due to the dip in the cryptocurrency market, the adoption rate amongst newbies is also decreasing. Users unaware of cryptocurrencies or merely have a basic idea are not showing further interest. This problem is elevated due to a lack of trustable community-learning platforms and projects.
Drop in the Overall Value
Due to the above two reasons, the rise in several other technologies such as AI, and a multitude of factors, there’s a drop in the value of cryptocurrencies. From the world’s number 1 crypto asset, Bitcoin, to altcoins such as Ethereum and Solana, all digital currencies’ performances are degrading.
How ABEX Token Aims to Solve It
The ABEX Token’s epic mission is to resolve these challenges and restore the glory of blockchain technology and cryptocurrency projects. The ABEX Token aims to skyrocket to Mars. For this, we follow a four-pronged approach, each of which acts as a solution for the above three setbacks.
Community Centric
We keep our community as the core decision-makers. Every member is equally important and will get the same opportunities, privileges, and benefits as the others. The idea is to build a community-driven project where every voice is heard, and each member decides which direction the project should go in. Beyond this, we ensure that all important decisions are driven by the members in a truly democratized manner and act as the true blockchain project.
Transparency
There is and will be complete transparency in the operations of the project. Right from showcasing the tokenomics to relaying how the money will be distributed and how the users will benefit from the project, everything will be transparent. This is one of the three major principles of blockchain the ABEX Token will abide by. This would help regain the trust of crypto enthusiasts and experts looking to invest their funds in a legitimate crypto project.
Onboarding New Learners
We will also reach out to new users who remain passive blockchain observers or don’t understand much about the technology. This would increase the adoption rate of cryptocurrencies and help people take one step towards the Web3 future in which blockchain/cryptocurrencies will play a crucial role.
Education
The incentive for new and old users is to learn about cryptocurrencies, blockchain technologies, NFTs, and more in a safe and transparent environment. Based on the learnings, the community will be able to determine how the project should grow, the direction it should take, and where the funds must be invested. Overall, these steps would result in a fully decentralized project that focuses on the community and its needs. Furthermore, the project would grow, evolve, and flourish along with all the members while leaving no one behind.
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How Does the ABEX Token Work?
Users will purchase the token, and for every transaction, the buyer and seller will pay a specific amount of tax that will be used for growing the project and redistributing amongst members. The redistribution will occur as follows: 1% of the buy + 1% of the sell tax is sent to the developers. This would be in the form of $BNB. 2% of the buy + 2% of the sell tax is sent to the $ABEX Hodlers. This would be in the form of $BTCB. The tax will be used to generate further revenue for the project through innovative means and be used to enhance the project’s vision and mission.
The Tokenomics
The max supply of tokens is 100 Billion The initial allocation would be 1 billion total ABEX Tokens per wallet (1% Max Supply) Till 31st December 2024, 20.79 Billion ABEX Tokens will be locked. The Pancake Swap LP Locked is 1.13.
Conclusion
Overall, the ABEX Token is a team of creative, professional, and experienced minds who want to reach Mars and take the community with them. The mission is to foster growth through simple yet significant steps that stay true to the blockchain philosophy.
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$ABEX token Benefits,
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Earn Bitcoin
Rewards
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Earn Bitcoin
Rewards
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Earn Bitcoin
Rewards
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20.79% of
$ABEX Locked
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Community-Driven
Token
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Binance Smart
Chain
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Low Gas
Fees
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Automatically Rewards Hodlers every 10 transactions using
2% BUY / SELL slippage fee revenue, then converted to Bitcoin ($BTCB), divided up, & sent to hodlers.
$ABEX: 0x8CB7626d19f6Ee4bD4f8E07960AEa5970312B169
$BTCB: 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c
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