The FARI token has been released to main net after weeks of testing. The smart contract can be found here. The master nominal for the FARI token provides an assortment of functionalities that will completely renew crypto-economical paradigms.
SCARCE
FARI has a limited issuance of 100M tokens: 10M for the development treasury, 10M for airdrops and promotions, and 80M for miners. All these policies are implemented on Stacks 2.0 and ultimately secured by Bitcoin.
EXPONENTIAL VALUE
The FARI token represents the value of an ever-increasing inventory unit: the number of screens connected to the network that can project a 15-second ad. In this sense, the FARI is the first-ever exponential cryptocurrency.
DEFLATIONARY
Since the intrinsic value of the FARI token equals the attention commanded by an exponentially increasing number of screens, the price faces extraordinary upwards pressure that stabilizes toward a threshold of demand at each stage of growth.
MONETARY POLICY
Bitfari’s central banking implements a deflationary policy that decreases rewards every two and four years. A planned feature is to maintain the price of the crypto stable after each stage of exponential growth thru dynamic buybacks using the basket of assets in the treasury.
UTILITY
Thru native apps, Bitfari provides an incredible number of benefits to FARI holders. Bitcoin payments via stacking, targeted geo web searches right in your crypto wallet, smart city personalization, dynamic translations, and tour guidance when traveling, and many, many more facilities.
REWARDS
Bitfari is the crypto king of discounts. In the future, When using the FARI token, customers can expect up to 50% discounts when purchasing cars, homes, and other high-ticket items.
Promos available thru Bitfari are tradable, meaning you can enjoy discounts anywhere just by trading your discounts for Faris.
About The Bitfari Network and Applications
Bitfari is a secure and decentralized network for peer-to-peer advertising built using blockchain technology. In Bitfari, users can build community, and collaborate while maintaining their privacy. With Bitfari, you can “Bring Life to Your Location”. For more information, please read the whitepaper here: https://bitfari.org/whitepaper/
About The Bitfari Foundation
The Mission of the Bitfari Foundation is to improve the lives of millions by increasing the relevance of business-to-consumer communications and the quality of social connections. In both the developed and developing worlds, Bitfari will give citizens a very powerful tool to exercise their freedom of speech. We seek to make Bitfari the biggest communication network on the planet, surpassing every other medium, spanning billions of nodes, and offering unprecedented value to all touched by Bitfari.
Disclaimers: The information provided shall not in any way constitute a recommendation as to whether you should invest in any product discussed. The Bitfari Foundation accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material provided or published.
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