ETH fan token is considered a community-driven smart contract built on the Binance Smart Chain (BSC) blockchain. With the help of its token economics and smart contract, ETH Fan enables crypto traders to obtain regular dividends in the form of Binance pegged ETH based on every hour just by holding the tokens within their wallets. A pegged cryptocurrency is a digital medium of exchange that is encrypted and whose value is linked to the value of another medium of exchange.
ETH Fan token aims to be a token for all those fascinated by Ethereum technology. The platform seeks to allow the users to trade with ETH Fan tokens and receive the crypto ecosystem's benefits and rewards.
As mentioned in its whitepaper, ETH Fan token is completely tested and audited smart contract by Tech audit. The token's liquidity is locked for five years, with the team tokens vesting for 180 days. The token contract allows hourly dividends, distributed to every token holder automatically, and it begins the moment any token holder trades the token. Moreover, the token holders can manually claim bonuses whenever they want just by paying gas fees.
ETH Fan token is represented as ‘EFT’, which is a BEP-20 token launched on the Binance Smart Chain (BSC). BEP-20 is a token standard that defines the rules of token usage on BSC.
Some of the benefits that ETH Fan token aim to provides include, cheap gas fees and rapid transactions as it is built on BSC. Since the token is driven by a community, the key decisions are taken through voting. Moreover, the smart contract of ETH Fan token can tax transactions at different rates for traders. On trading a minimum of two hundred thousand EFT tokens, the token holders can be entitled to receive rewards depending upon the number of tokens they hold. Rewards are then automatically transferred to their wallets.