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Square Token (SQUA) is a token developed exclusively for payment systems within the GoFintech Group’s ecosystem of companies and partners, being automatically burned at the time of payments, which makes it a deflationary utility token in high demand in a community of more than 100,000 active users. It has a maximum limit of 5 million units and can never be increased, ensuring scarcity and value retention. The token is built on the Blockchain Binance Smart Chain (BSC) network using BEP20, taking advantage of BSC’s low transaction cost and smart contract capability.
The Square Token (SQUA) offers various benefits to its users. It discounts products and services within the GoFintech Group’s ecosystem and offers cashback on purchases. It also acts as an inflation control method with a credit card scoring system. Additionally, the token provides liquidity to DEFI exchanges. The development of Square Token aims to bring security and profitability to payment systems through its deflationary and utility features.
To acquire SQUA tokens, users can participate in private sales or purchase them through the decentralized Pancakeswap Exchange after the Token Generation Event (TGE). Participation in the private sale is limited to active Square Token community users who have submitted their registration and have been approved. BNB is the only currency accepted for purchasing SQUA tokens during private sales. Trading of SQUA will begin on January 10, 2022, after the listing on Pancakeswap Exchange.
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