FUZE Token (FUZE) FUZE Token (FUZE) Blockspot.io verified badge logo Verified

Information:

Supply:
  • Circ.*: 867
  • Total: 1 000
  • Max: 1 000
Explorers:
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* The circulating and total supply can be subject to changes. Always check the official website.

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What is FUZE Token?
"What is FUZE?
FUZE Token is a fully community-driven social experiment and the world’s first self-deflationary currency with a supply of 1000 tokens and a 5% burn rate.

Why FUZE?
A difference between FUZE and most other deflationary projects is that there is no dev holding/allocation — every token was distributed fairly by airdrops. This distinguishes FUZE as a token created entirely for its community.

What’s the purpose of the FUZE project?
Our main goal is to build a community that decides in which direction the FUZE Token should go. Future functions or use-cases can be built by any member of the community. Of course, the main function right now is the deflationary token model — this means the total supply decreases with each transaction.

Why a deflationary token?
We like the concept of this kind of token model because it exemplifies the hodler mentality. Let’s say you buy FUZE Tokens for 1 ETH — you are incentivized to hold your FUZE because each time you send it to another address, 5% will be burned. This naturally encourages hodling, rather than sending. This token burn will naturally drive token appreciation through driving an increase in scarcity vs demand."
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