EFR TOKENS
Token Distribution
The native digital cryptographically-secure utility token of Efirah (EFR) is a transferable representation of attributed functions specified in the protocol/code of Efirah, designed to play a major role in the functioning of the ecosystem on Efirah, and intended to be used solely as the primary utility token on the platform.
EFR is a non-refundable functional utility token which will be used as the medium of exchange between participants on Efirah. The goal of introducing EFR is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Efirah. EFR does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, the Distributor, its affiliates, or any other company, enterprise or undertaking, nor will EFR entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. EFR may only be utilised on ght to use EFR as a means to enable usage of and interaction within Efirah.
Token Allocation
In total, there will be 50,000,000,000,000,000,000,000 EFR issued. The tokens are allocated in the following way:
- 90% in private sale
- 10% for adding liquidity on PancakeSwap.
Our automatic liquidity pool charges a 10% tax whenever an EFR Holder exits the pool to avoid EFR price collapse. This tax fee is broken down into:
- 4% for adding liquidity
- 4% for incentivizing the remaining holders
- 2% for burning and other marketing activities.
In particular, it is highlighted that EFR:
- is non-refundable and cannot be exchanged for cash (or its equivalent value in any other virtual currency) or any payment obligation by the Foundation, the Distributor or any affiliate;
- does not represent or confer on the token holder any right of any form with respect to the Foundation, the Distributor (or any of its affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to Efirah, the Foundation, the Distributor and/ or their service providers;
- is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
- is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument or any other kind of financial instrument or investment;
- is not a loan to the Foundation, the Distributor or any of its affiliates, is not intended to represent a debt owed by the Foundation, the Distributor or any of its affiliates, and there is no expectation of profit; and
- does not provide the token holder with any ownership or other interest in the Foundation, the Distributor or any of its affiliates.
The contributions in the token sale will be held by the Distributor (or its affiliate) after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale. To the extent a secondary market or exchange for trading EFR does develop, it would be run and operated wholly independently of the Foundation, the Distributor, the sale of EFR and Efirah. Neither the Foundation nor the Distributor will create such secondary markets nor will either entity act as an exchange for EFR.
Last modified 11mo ago
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