FetaToken aims to be a fun, ethical, triangular altcoin with non-custodial staking and charity support. FetaToken is based on the Binance Smart Chain and is a DeFi deflationary token from Cryptochefs who aim to deliver innovative and class-leading crypto products.

FetaToken intends to make crypto fun and to support communities while storing value and providing a platform for future wealth. Also, the platform believes that crypto should be ethical as its users should feel safe to trade without the risk of developers abandoning the token.

There is an automatic 9% distribution from every transaction with a breakdown as follows:

3% is distributed to holders. This distribution means that the user's FETA total goes up with every trade of FETA that takes place on-chain. Even if there is high volatility, users can slow their heart rate by knowing that every one of those trades pays them something.

Additionally, every transaction generates a 3% burn of the transacted tokens. FETA is deflationary, and after every transaction, there is less FETA available. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

The remaining 3% is distributed to charity. This 3% donation is sent directly to the charity wallet. Also, once a week, a donation is made using 100% of the accrued distribution balance in the charity wallet. When FETA users’ balances increase, their assets gain intrinsic value, and they are also doing good in the world.

The FETA token was launched and made available for purchase in March 2021. The FETA token is the cornerstone of the FETA community. The total supply of FETA is 9,999,999. There are six founders of Cryptochefs who were allocated 3% of the total supply of FETA, making a total founder allocation of 59,999,994.

The team members of FETA include Rubens, who is the lead solidity developer responsible for all unique works of art. He has experience as a full-stack web developer. Speronic is the lead UI/UX designer and has built the face of the FETA token’s website. Elliota is the graphics and design lead responsible for Cryptochefs and the FETA token brand.

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