PoorFag is proof of meme combined with decentralized staking protocols.
PoorFag, and the PoorFag ecosystem is not a shitcoin with a silly name. It is a profitable reward system for anyone. We keep the entry cost low, only 10 $FAG. This way anyone can benefit from the ecosystem. The 5% un-stake fee is beneficial to the entirety of the stakeholders, as all stakeholders receive 2% of all transactions already, but they also receive the 5% of un-stake fees proportionaly. The 5% fee also motivates stakers to stake their $FAG for a longer period of time. Though PoorFag's initial approach to market is to have an incentivized program for the token holders, the true bones of the project is going to lie in its NFT (non-fungible token) staking development. PoorFag's vision for NFTs are to utilize them in a multifaceted way.
PoorFag is a new ERC20 token and 2% of every transfer is added into the staking pool.
Staking $FAG is free and when you unstake, 5% is transfered into the staking pool.
Staking $FAG earns dividends from the tokens that are transferred into the staking pool.
$FAG, and the PoorFag ecosystem as a whole, is much more than just a staking token. Through a carefully crafted rewards system, we found that the ideal function of the staking system was to keep the entry cost low. With staking fees being free to you, the investor, and only having a 10 $FAG threshold to become a stake holder, we felt this was the best way to be all-inclusive for those vested in PoorFag. The 5% mallet fee is beneficial to the entirety of the stake holders, as all stake holders receive 2% of all transactions, but they also receive the 5% of un-stake fees relative to the amount they have invested. Though $FAG's initial approach to market is to have an incentivized program for the token holders, the true bones of the project is going to lie in its NFT (non-fungible token) development. PoorFag's vision for NFTs is to utilize them in a multifaceted way. This will come from professional artist being able to create commissioned pieces and the community being able to create their own designs that will be traded amongst its internal marketplace. PoorFag will then further expand into creating games based around the incorporation of a users NFTs. PoorFag's aim is simple, we want users to have the best experience possible when they utilize the PoorFag platform.
$Fag is a memecoin with a large community, mostly from 4chan, which will give us plenty of exposure and we will integrate NFTs to further make sure we get the exposure we need in order to stay relevant for a long time.
$FAG is a memecoin so it is more than possible that you will be up for a big surprise if you invest and stake you $FAG Token
PoorFag is developing a staking protocol that will reward staking with NFTs, depending on how much PoorFag you are staking will determine the rarity of the NFT. We’re still in discussion with the ETHVerse team on how we want to mitigate the NFTs within the ETHVerse beta, but this is something that we wish to accomplish with them. This would ultimately provide a dual function for our NFTs. They would give staking perks along with in game functionality. PoorFag will also implement actual NFT staking, where you can stake the 1155’s & earn rewards in PoorFag Tokens as well.
All in all, we want to experiment with the value of an image. A NFT is only as valuable as its context. What is the outcome of a NFT card that has been provided through a long period of staking & how would it’s value be represented in the ETHVerse platform? These are some of the questions that our team is trying to find an answer to.