$FON HAS BEEN TRADING FOR ABOVE $2 MARK FOR OVER 3 MONTHS. HERE’S WHY!
Tokenomics is a strong pillar in the growth of a protocol. In today’s article, we will be diving into FON Smart Chain tokenomics.
$FON, the native token of the FON SMART CHAIN (FSC) ecosystem has a total fixed supply of 24 million tokens. Now, what makes this a good investment choice? Several reasons are mentioned below:
1. FSC native token, $FON has a deflation mechanism in which they are destroyed/removed from circulation.
2. Your $FON token can also help you passively gain funds by participating in Novalink packages where you get 0.5%-1.2% daily on your initial investment. What better way to enjoy decentralization if you’re not earning from it?
3. Currently, there are over 20 institutions heavily invested in $FON. This drives the market value of $FON token, giving it a positive stretch.
4. $FON token has been trading above the $2 mark for over 5 months even in this “bear market”.
5. As a native token to a Layer 1 blockchain. $FON has seen good price movements from the institutions mentioned above and the numerous projects built on the FSC Blockchain.
At present, $FON has a total of 8 million equity pledged and a total of 16 million in the circulating supply. Some equity pledged can be seen in FON Top Accounts . Now, the big question for all crypto enthusiasts reading this; “What is the future of FON in the bull run?”
To answer this, consider what only just a year of building has achieved;
1. The FSC native token has been trading very well even in this market conditions.
2. There has been a constant increase in the amount of institutions interested in $FON.
3. The FSC ecosystem also has some interesting protocols built on it with the likes of Novalink, Timefarm, and RosSwap.
4. Some of our Top partnerships also includes Bitget exchange, GoPlus security, AVE, BKEX, amongst others.
FON (both as an ecosystem and token) continues to strive as more developments are being carried out. In the future, there will be more institutions actively purchasing FON and more protocols utilizing $FON tokens for their respective development. Join in now while it’s super early.
website: https://fonscan.io/
X link: https://x.com/FONSmartChain?t=3LvJ9V5j97URs44UWV_eTg&s=09
telegram chat: https://t.me/FONChainOfficial
