FUZE Token Coin Price & Market Data
FUZE Token price today is $34.04 with a 24-hour trading volume of $40,104.19. FUZE price is down -7.6% in the last 24 hours. It has a circulating supply of 0 FUZE coins and a total supply of 755. If you are looking to buy or sell FUZE Token, Mercatox is currently the most active exchange.
What is FUZE?
FUZE Token is a fully community-driven social experiment and the world’s first self-deflationary currency with a supply of 1000 tokens and a 5% burn rate.
A difference between FUZE and most other deflationary projects is that there is no dev holding/allocation — every token was distributed fairly by airdrops. This distinguishes FUZE as a token created entirely for its community.
What’s the purpose of the FUZE project?
Our main goal is to build a community that decides in which direction the FUZE Token should go. Future functions or use-cases can be built by any member of the community. Of course, the main function right now is the deflationary token model — this means the total supply decreases with each transaction.
Why a deflationary token?
We like the concept of this kind of token model because it exemplifies the hodler mentality. Let’s say you buy FUZE Tokens for 1 ETH — you are incentivized to hold your FUZE because each time you send it to another address, 5% will be burned. This naturally encourages hodling, rather than sending. This token burn will naturally drive token appreciation through driving an increase in scarcity vs demand.