The crypto industry has grown a lot in recent years, developers have been looking for new ways to integrate cryptocurrencies into our daily lives.
However, for crypto investments to be profitable, coins and tokens must be available to as many people as possible. The more people join, the bigger the market cap - which will increase the crypto service.
Therefore, many companies have committed to offer many benefits to the people who will join them. However, we did find one company that really stands out - VALP Entertainment, with its new Feiorra project.
What is Feiora?
Feiorra, also known as FEI, is an ERC-20 token associated with the FaucetPay ecosystem. The goal of its development is to give as many people as possible the opportunity to join the crypto community.
The Pie faucet gained its popularity by allowing users to earn money by performing micro-tasks, such as filling out surveys or watching ads. Even though Faucet Pai has been a huge success over the years, the team behind it have found that people are still not inclined to the idea of crypto. This is mostly because they are afraid of investing large sums of money in coins and tokens and risk losing it all. Therefore, the development team has found a solution to welcome more people to the crypto area - create their own tokens and release them for free, starting December 2020.
How did that happen?
Once the token is fully developed, the team releases it immediately - no ICO, no EMI. This is because they are not making it for direct profit but to expand their community and make the platform more powerful. Tokens will gain value over time as users start using them on partner websites. Owning Feiorra tokens will give users access to various discounts, reward points and many other benefits.
The total token offering is one billion, of which only 1% is set aside for the company's reserves. Another 25% is distributed to users as follows:
5% can be earned by distributing faucets;
30% can be obtained through liquidity mining;
40% can be earned through Bet Mining.
So it's not complicated. All you need is a little patience, and maybe an alter ego cheater.
If you don't know this condition, we'll explain it. All three are ways to acquire additional assets. By sharing faucets, you can earn rewards by viewing various advertisements on partner websites. In Faucet Pie, this ad is never longer than 15 seconds - so you won't even feel it. However, this ad is available for a limited time, so you should be careful.
Liquidity mining is also known as yield cultivation, a technique known for many years. Basically, you lend a property to someone to pay it back with interest. That person lent money to someone else, with the same idea. So, in the end, you will earn compound interest. Bet Mining is the most fun because it gives you a reward when you bet on FaucetPay. The process is simple. For every $1 (crypto equivalent) you use, the platform will dig 0.07 FEI and tokens will be added to your wallet every 3 hours. By investing chips, you will also receive loyalty rewards, so don't forget to try them too.
Conclusion
It's impressive how much the crypto domain has grown in recent years, so much so that it's not just an economic movement to gain financial independence. Today, it is also an instrument through which people can increase their income even in times of financial crisis (such as losing their job).
the great job with FaucetPay and Feiorra, proving that the only way to create a company is to help customers grow.
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