Infinity TokenIT
$0.00550
Market/Exchange
IT Price Prediction and Price Movement
IT is up 731.7 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of IT can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, IT has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on IT's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Infinity Token Price Chart
About Infinity Token
Infinity Token is the first ERC-20 (Ethereum) based cryptocurrency powered by Bitcoin and Ethereum mining. Bitcoin and Ethereum mining rigs will be acquired by way of a development tax which will directly benefit holders of Infinity Token. As BTC and ETH are mined by the Infinity mining rigs, scheduled buybacks of the token will occur. The tokens purchased will then be directed to a dead “burn” wallet address. Not only will these buybacks drive the price of the token higher, but they will also result in instant Ethereum reflection to all holders based on the proportion of Infinity Token held. Each of the scheduled buybacks will also provide increased liquidity to the token.
In regards to the tokenomics of the project, 5% of each transaction is taxed for the purpose of funding the mining operation, and an additional 5% is reflected to holders for a total of 10% tax on each transaction. ETH rewards can be claimed any time for a low fee at https://app.fairtokenproject.com/.
Our contract was created and verified by the Fair Token Project and Infinity Token will be operating under an LLC registered in Michigan USA as "Infinity Mining LLC". The team behind Infinity Token is also fully doxxed in order to build trust with our community. Our first batch of miners were acquired within the first two weeks since the project was launched on August 6th, 2021. Due to the nature of the tokenomics behind the project, the number of mining rigs brought online will grow at an increasing rate as time progresses. The process of volume generating funds for the mining rigs then leading to buybacks is referred to as "The Infinite Cycle". ETH reflections earned by holders can optionally be manually reinvested into the token, increasing the percentage of supply owned and thus the rewards paid over time.
Infinity Token is the ideal long-term hold due to the mining buyback concept combined with the ETH reflections gained off of every buy and sell. We believe Infinity Token is a revolutionary concept in the world of DeFi and Cryptocurrency mining and we plan to build out a large cryptocurrency mining operation in the months and years to come.