Frequently Asked Questions
Because of the volatility in the market we can't predict how and when our token will rise or drop in value. It's always advised to not invest money you need at the time to buy a cryptocurrency. Trading in cryptocurrency is a risky investment which can pay off in high rewards. We need to mention that we, the team behind EFC don't aim for so called "pump-and-dump" investors. Hence why our token is designed to benefit long-termholders over panic-sellers. But also if we enter a bear market to make it easier for new investors to jump in at the EFC-train due to lower buy taxes.
The team is very proud of the creation of EFC but doesn't want to come in the picture. There are a lot of cryptocurrencies with an anonymous team behind it which are very succesful. We will be active on several social media and will provide as many answers to the community as possible on serious questions and concerns.
There certainly will be utilities. We don't really want to give away too much information yet because of the early stage we're at. So shortly: For now, we're planning to create an NFT game and will be examining the possibilities for building our own EFC exchange.
Simply because centralized exchanges are not providing the same tokenomics yet. We know we may miss out on a large portion of people buying our EFC token, but including everybody in one pool distributing reflections, is in our opinion the fairest. If at one point the centralized exchange can provide the same tokenomics we will apply for listing on those who can inhibit our tokenomics. Because we know it's not easy to buy crypto on decentralized exchanges, we will provide extremely easy step-by-step guides. That way we can assure that you can be certain you are buying the correct coin without too much difficulties to actually buy the coin because you don't need to search for this information on any other website/platform.
Since we want to "change the world", the donations will be handed over to eco-friendly and health-related causes. A better health for friends, family as well as the planet earth. This can be literally anything such as planting trees, clinical cancer research, child focus, etc,... We will donate 2,5% from the team's earnings from reflections .
For this, we will create a dApp where the community can participate in the decision on which good cause will be donated to. More details about this will be shown on our homepage at a later stage. As we stated before, we commit to be as transparant as possible while staying anonymous.
This is a very good question. FUD stands for "Fear, Uncertainty and Doubt". FUD can be either describing the sentiment of the current market (mostly when the crypto market enters a bearish market, a lot of people experience FUD). Also, FUD can be used as a "tool" to make a lot of people sell their crypto which lowers the value of the coin and the so called fudder takes advantage and buys at a lower price. We know our token is prone to these attacks due to our token's mechanics and we will counter this kind of FUD as much as possible.