The “oldest profession in the world” isn’t what you think it is – it’s actually farming. That unsexy, overlooked, all-too-necessary process of planting, nurturing, and harvesting is an apt description for one of the most grounded tokens you have seen in a while: Crystal Elephant Farm, a.k.a. CEFA.
There’s a new flavor of cryptocurrency that has dominated investor mindshare the last few months. They lean into the “bet little, win big” opportunism of moonshots – dApp based tokens early in their lifecycles with low prices but huge potential. They favor hourglass contract models with built-in transaction fees designed to reward holders with dividends and, often, an automatically deflationary token supply that simultaneously provides its own liquidity. Backed by millions of dollars in marketing (hello, Floyd Mayweather’s trunks!), they disguise their intentions beneath colorful iconography featuring memes, dogs, jokes, “safes”, “spaces”, and “moons” – all in a sprint to FOMO you out of your digital dollars before the hype dies down on their project.
Welcome to the Crypto Space Race.
What makes CEFA unique is that it takes the best parts of moonshot tokens and drops the hype. Produced by the CETO Foundation, the anonymous outfit that brought us the short-term savings account style contracts of the CETO Blockchain Family, CEFA features CETO’s standard 10% transaction fee, but with a twist:
- 4% is automatically compounded into holders accounts (“reflection” rewards)
- 1.2% is burned to their “Fertilizer Bag” dead account
- 0.75% goes back to CETO Blockchain Family (CETO, ECETO, BCETO) holders
- and 4% provides liquidity on PancakeSwap (2% BNB, 2% CEFA)
Let’s talk tokenomics.
With a meager 100 million token supply, CEFA has burned or locked 79% of it (“79% ownership renounced” boasts their site), while reserving for human control 4% for yield farming (get it?), 2% for marketing, 1.3% for development, and only 1.5% for the team (released in quarterly chunks) – an absurdly low number for a token of its potential.
Of that 79%, 24.4M tokens have been locked away for monthly airdrops. Every 30 days, 100,000 CEFA will be split among the existing holder wallets – for the next twenty years. Not much has been detailed about their nebulous CETO Bonds project except that it will be a quarterly financial instrument to which 150,000 CEFA will be distributed to bondholders every 90 days, again for twenty years (12.3M tokens total). Rounding out the rest of the reserved tokens are 12.5M for payouts to the CETO Blockchain Family holders and 20M already mulched away in the Fertilizer Bag.
The CETO Foundation has put out a Proof of Lock article detailing when, where, and why this has all occurred.
The problem with many of these mooncoins is they are setting themselves up for a liquidity trap of their own making with their excessively large, one trillion-plus token supplies that automatically provide liquidity.
If you get in too late in these sub-penny spec plays, you will watch the tradable token supply grow to the point it drowns out the value. Yes, they may also be deflationary at the same time but there’s not going to be nearly enough burn to balance out the auto-liquidity, nor enough demand to sustain the rocket-like returns the earliest investors (ahem, the dev team and their friends) received – and lured you in with. If it’s not buying into a pyramid scheme, then, at best, it’s buying into project quicksand.
CEFA provides enough reasons to hold and enough ways to take profits. After the 20M of the Initial Farm Offering (IFO) tokens are sold this month, there will only be about 30-35 million tokens available for the next few years, quietly providing reflection, divs, liquidity, and yield with every transaction. With a twenty-year plan, burned LPs, and a team that’s not going anywhere, you can buy into CEFA at any stage of its lifecycle and watch its scarce supply harvest abundant returns.
While it may sound sexy to go to the moon, chasing the wallet screenshots of affiliate marketers, life grows down here on Earth. CEFA is your “DeFi token that does it all” – the ultimate yield farm.
Important information: This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.