Everything you need to know about CryptoCandy

Cryptocandy is a token on Binance Smart Chain (BSC)

But what does that even mean? For this we will have to dive a little bit deeper into what BSC is..

Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.

Furthermore, Binance Smart Chain also implements the Ethereum Virtual Machine (EVM), which allows it to run Ethereum-based applications like MetaMask.

The aim of the platform is to enable developers to build decentralized applications (DApps) and help users manage their digital assets cross-chain with low latency and large capacity.

Binance Smart Chain has made immense traction in early 2021 so far partly thanks to Ethereum’s congestion and gas fee issues, which has caused developers and staking investors to look for other options. The BSC community made the network even more appealing to new users as a cost-effective and stable alternative, by lowering its gas fee from 15 Gwei to 10 Gwei to counter Binance Coin (BNB)’s insane price jump to over $300 in February.

So.. BSC is a blockchain of its own where users can easily launch their own contracts. And CryptoCandy is one of them! But what is it? Can I eat it?..

As sweet as it sounds.. But no, you can’t eat it. You can trade it tho! Currently it is traded on PancakeSwap and in the near future it should also become tradable on exchanges like HotBit and WhiteBit just to name a few.

Without further ado, I’ll tell you everything about it

So you have just learned that it’s tradable and where it can be done, but what about the team behind it, the vision for the future and their plan to make it work..

The team originally started with 3 people. A visionair, a web developer and a graphics designer. As the token launched on May 9th people rapidly joined the team and it currently has 1 web developer, 1 game developer and 3 graphics designers working on the team. Someone amongst the graphics designers has previously worked with XVG(Verge) and HTMLcoin just to name a few. This is definitely no beginner as you can see on the VFX quality. As the project grows they will hire more people as the need arises.

CryptoCandy’s native token called $SWEETS will be used in their games to unlock premium features and also receive random rewards while playing. The first games that are about to release are a CryptoCasino where you can play with $SWEETS and a second game is already under development. These first 2 will be released before the end of Q2 and more will follow!

Besides their games there is more to it.. Trading the token costs you 12% transaction fees of which 10% is redistributed amongst holders and 2% is added to the Liquidity Pool to stabilize the price in the long run.

Profits from their Merchandise Store and their Games will partially be used for Charity and partially to Buyback, add to LP and Burn tokens. The percentages on this are not final yet, but should be around 20% for Charity and 20% for Buyback.

1 NFT will be minted each week and the first one is animated and will be given away to 1 of the 100 Top Holders. From then on the NFTs will be given away to the most active user from our Community to stimulate engagement. The Admins will choose the top 5 and the Community will choose who wins! The first NFT has already been Minted as you read this and the second is being created. For a preview of the NFT you can check this link.

So what about the plan to make it work?

For that purpose they decided to have a 10% Community Wallet. From the 10% Redistribution Fee, the Community Wallet receives 10%. This makes it grow quite rapidly and makes for an infinite amount of funds as it grows. And as it grows, so will the volume. And if the Volume rises.. So will the Community Wallet. This seems to be a perfect solution for the problem so many tokens face. Marketing Funds..

Currently there are enough funds for a decent Marketing Campaign. This Campaign starts when the Casino releases. As it will give people reassurance that the project is real and here to stay.

Social Channels

I hope you enjoyed to read this and now know what CryptoCandy is. If you became interested in this project you can join their Social Channels by following the links below:

Telegram Twitter Discord SubReddit Instagram Website

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