The Guffawli Token (GUFFAWLI) is a decentralized meme token that has been developed to help investors and crypto enthusiasts keep their feelings in check and develop their trading and investment techniques based on their needs and knowledge of the cryptocurrency market. Based on the word ‘Guffaw’, the token is focused on helping everyone who is a part of the financial market to balance their mental health and other psychological conditions.
The Guffawli token (GUFFAWLI) is built on one of the biggest blockchains in the crypto world, the Binance Smart Chain (BSC). The token is built on this blockchain because it provides faster and cheaper transactions than other blockchain networks and allows creators and developers to move from the Ethereum blockchain to the Binance Smart Chain (BSC) easily.
The Binance Smart Chain (BSC) is highly flexible as it provides smart contract functionality and it is compatible with the Ethereum Virtual Machine (EVM).
Does The Guffawli Token (GUFFAWLI) Have A Roadmap?
According to the token’s whitepaper, The Guffawli token (GUFFAWLI) has a roadmap that includes the token’s long and short-term goals that would lead to the eventual development of the Guffawli ecosystem which will result in the token being utilized for real-life use cases. The roadmap is divided into four phases:
- Website launch
- Social media growth
- Operation tell the world about Guffawli Token
- Partnership and Collaboration
- Guffawli Token product launch
- AMA session with team and product review
- Partnerships and sponsorships
- Review on holder rewards
Is Purchasing The Guffawli Token (GUFFAWLI) A Good Idea?
The prospect of purchasing a new digital currency can be exciting as digital currency is a new frontier in the world of technology that is already beginning to revolutionize the way money is spent in the 21st century. However, crypto enthusiasts need to conduct their research before purchasing any cryptocurrency, crypto asset, or token as well as understand their underlying technology. The Guffawli token (GUFFAWLI) utilizes an anti-rug mechanism that includes:
– 6% Team Wallet Allocation
– Fairly Distributed Presale
– No Presale Wallets would hold > 1%
– No minting function exists in the Guffawli
– Contract Audit In Progress
The token also aims to provide solutions to the problems associated with Liquidity pools by introducing an Automated Liquidity concept. The Automated Liquidity concept will involve the implementation of smart contracts to regulate the exchange that occurs when liquidity pool providers add Guffawli Tokens to the pool to gain rewards in return. Therefore, as the token thrives, the automated liquidity can be attributed to the ever-growing stability of the cryptocurrency market capable of absorbing large activity of the market.
Although the Guffawli Token (GUFFAWLI) is not a scam, due to the volatility and lack of regulation of the cryptocurrency market, crypto enthusiasts should always take precautions before purchasing any asset.
What Is The Token Distribution For The Guffawli Token (GUFFAWLI)?
There will be a total maximum supply of 10 billion Guffawli Tokens of which 40% will be allocated for liquidity, 6% will be allocated to the Guffawli team, 22% will be utilized as rewards for users, 7% will be allocated towards the promotion of the token, and 25% will be locked.
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