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.
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.