Decentralized industry ANTS
FireAnts is a peer-to-peer blockchain system with ANTS being a payment unit. The project was created to introduce and popularize a certain social currency in a blockchain shell. It is designed to serve the social and economic interests of people, easily adapting to rapidly changing market conditions and social values.
Initially, ANTS was created as an ERC-20 token based on the Ethereum blockchain, but over time, its own algorithm based on the Litecoin script was developed. Holders of old ANTS tokens can burn them and receive an equivalent amount on the Binance smart chain, but already as BEP-20 tokens.
Talking about the project, it is important to mention the association established by its founders in Bale. The choice of location was not in vain in the north-west of Switzerland; its local legislation is one of the most appropriate in the context of regulating the circulation of digital assets and FireAnts crypto in general. The association itself provides members with voting opportunities, a data management system, and unhindered access to decentralized finance. It will also include an aggregator of charitable funds, through which a FireAnts token will be transferred to charitable foundations and various kinds of scientific projects with minimal commissions.
The release of ANTS at the ICO took place in the 4th quarter of 2021. At the initial placement, the value of the token was a quarter of a US dollar. The total volume of the offer is 21,000,000,000,000 coins, 25% of which have already been reserved for the FireAnts association (will go to finance charitable, scientific, educational, and other social projects).
The FireAnts ecosystem includes a native token (ANTS]) featured on the Binance Smart Chain. FireAnts' own blockchain includes 50% PoW and 50% PoS. The generated block reward (PoW) is 100 tokens, the last PoW block is 691200.16.5% of the total ANTS coins can be mined using Scrypt and Litecoin, 58.5% will be mined by staking.
Prospects for Development
By investing in the FireAnts ecosystem through the purchase of tokens, people bet not only on the commercial attractiveness of the coin but also support charitable, humanitarian, and scientific projects. The combination of these factors dooms the crypto to success.
In addition to supporting charitable and humanitarian projects, investors will participate in the emerging new blockchain industry. The latter has potential that is comparable to the already legendary bitcoin.
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