The “world’s oldest profession” isn’t what you think it is – it’s actually farming. This sexy, sloppy, over-necessary process of planting, tending, and harvesting is an apt description of one of the most entrenched tokens you’ve seen in a while: Crystal elephant farm, a.k.a CEFA.
There is a new flavor of cryptocurrency that has dominated the minds of investors in recent months. They look at the “bet small, win big” opportunism of moon shots – Tokens based on dApp at the start of their lifecycle with low prices but huge potential. they prefer hourglass contract models with built-in transaction fees designed to reward holders with dividends and, often, an automatically deflationary token offering that simultaneously provides its own liquidity. Supported by millions of dollars in marketing (hello, Floyd Mayweather’s trunks!), they disguise their intentions under colorful iconography featuring memes, dogs, jokes, “safes”, “spaces” and “moons” – all of it. in a sprint to get you out of your digital dollars before the hype goes off on their project.
Welcome to the Crypto space race.
Which makes CEFA unique is that it takes the best parts of Moonshot tokens and drops the hype. Produced by the CETO Foundation, the anonymous outfit that brought us the CETO Blockchain family’s short-term savings account style contracts, CEFA has the CETO standard 10% transaction fee, but with a twist:
- 4% are automatically added to cardholder accounts (“reflection” rewards)
- 1.2% is burned at their “Fertilizer bag“dead account
- 0.75% goes to holders of CETO Blockchain Family (CETO, ECETO, BCETO)
- and 4% provides liquidity on PancakeSwap (2% BNB, 2% CEFA)
Let’s talk Tokenomic.
With a skinny 100 million tokens, CEFA burned down or locked down 79% of it (“79% ownership relinquished” boasts of their site), while reserving 4% for human control for return Agriculture (understood?), 2% for marketing, 1.3% for development and only 1.5% for the team (released in quarterly chunks) – an absurdly low number for a token of its potential.
Of that 79%, 24.4 million tokens were blocked for monthly drops. Every 30 days, 100,000 CEFA will be distributed among the existing titular portfolios – for the next twenty years. Little has been detailed about their nebula CETO bonds project except that it will be a quarterly financial instrument to which 150,000 CEFA will be distributed to bondholders every 90 days, again for twenty years (12.3 million tokens in total). To complete the rest of the reserved tokens, 12.5 million for payments to holders of the CETO Blockchain family and 20 million already mulched in the fertilizer bag.
The CETO Foundation has published a Lockdown Proof Item detailing when, where and why this all happened.
The problem with a lot of these coins is that they prepare for a liquidity trap of their own making with their excessively large, over $ 1 trillion token supplies that automatically provide cash.
If you get into these sub-penny spec sets too late, you’ll see the supply of exchangeable tokens increase to the point of drowning in value. Yes, they can also be deflationary at the same time, but there won’t be enough scorching to balance auto-liquidity, nor enough demand to keep the early investors rocket returns (ahem, the development team and their friends) received – and attracted you with. If he does not adhere to a pyramid scheme, then at best he is adhering to the quicksand of the project.
CEFA provides enough reasons to keep and enough ways to take profits. After the 20 million Initial Farm Offering (IFO) tokens sell off this month, there will only be around 30-35 million tokens available for the next several years, quietly providing reflection, div, liquidity. and yield with every transaction. With a twenty-year plan, burnt LPs and a team going nowhere, you can join CEFA at any stage of its life cycle and watch its scarce supply reap bountiful yields.
While it might sound sexy to go to the moon chasing screenshots of affiliate marketer portfolios, life thrives here on Earth. CEFA is your “DeFi token that does it all” – the ultimate yield farm.
Important information: This is a sponsored story. Remember that the value of investments, and any income from them, can go down as well as up, so you might get back less than what you invested. If you are unsure of the suitability of your investment, please seek advice. Tax rules can change and the value of any benefit depends on individual circumstances.