Come on in, get comfy.
Welcome to the first Medium article of the comfiest token in probably all of crypto. Admit it, you’re feeling comfier already just by reading this, and you’re only two sentences in.
Maybe you’ve had a long, stressful day shilling your stacks upon stacks of trillions and trillions of meme coins that are now worth a cumulative total of three dollars; well, you’ve come to the right place!
Or perhaps you’re turned off by the barbaric, fraudulent volatility that runs rampant throughout all of defi, and you’re craving just an ounce of humanity, searching desperately for just a single token that you can trust.
Or maybe you barely trade crypto and stumbled upon this article because one of your relaxed, based, comfy friends referred it to you.
In any case, don’t worry! Sit back and relax, cause Comfy Token has got you covered. There’s plenty of space for everyone to join in and get comfy.
So here it is. Comfy Token is a non-animal, non-charity, non-moon/risk stuff token. Just something comfy with a use case. Incredible, isn’t it? Ok but real talk — The mission and core motivator behind Comfy Token is to provide an easy to understand, plug-and-play, buy-and-hold token that rewards every investor and makes them feel safe, protected, and most importantly, comfy while holding their crypto.
We’ll get into the nitty gritty details of how it all works below, but please know that at heart, Comfy Token simply wants anyone who buys the token to have a positive and comfy experience, and the team will do everything possible to insure that you #StayComfy.
How it works.
Let’s jump right in. In order for investors to feel comfy, they need to know that their investment won’t disappear overnight. Although impossible to guarantee an outcome, here’s how Comfy Token helps to mitigate that concern:
Every Comfy Token holder automatically receives reflection through the smart contract on the BSC network; more specifically, they receive a portion of fees back every time a transaction occurs on the smart contract. The former is not anything new. However, with Comfy Token the fee on every transaction is progressive — it is based on the size of each transaction relative to the circulating supply.
Why is that a big deal?
That’s a big deal because the aggressive fees based on transaction size encourage small transactions (2% if <= 0.001% of circulating supply), while discouraging large transactions (30% if > 0.5% of circulating supply).
The expected result -and what has been confirmed so far- is that most buys and sells occur in very small increments, despite fairly large price movements. This creates a true anti-whale and anti-bot system. There can still be whales, of course, but they will never be able to take an epic dump in one transaction without incurring a huge penalty. Small and large wallets alike are rewarded for holding and only moving tokens via small transactions, effectively mitigating volatility in the price movements and manipulation by a few large holders.
Here’s the breakdown:
Transaction fees are:
2% if <= 0.001%, 4% if <= 0.0025,
6% if <= 0.005%, 8% if <= 0.01%
12% if <= 0.025%, 16% if <= 0.05%
20% if <= 0.1%, 24% if <= 0.5%
30% if > 0.5%.
-Half of the transaction fee is added to the PancakeSwap Liquidity Pool to ensure a steadily rising floor price and stability
-Half of the fee is distributed to ComfyToken holders automatically
-Since 15% of the supply was burned in the beginning, 15% of the portion distributed to holders will be burned as well. Burn rates will increase in time, creating deflation pressure. The remaining 85% goes to holders.
The team are currently developing a calculator for the website where investors can calculate the fees they may incur for a given transaction size at the given time.
The outpouring seen on Comfy Token’s launch day from a happy community reassures that this is mechanism is, in fact, helping investors reach maximum levels of comfiness.
More details on the tokenomics in the Comfy Whitepaper.
Hop aboard friend, it’s a community token.
The team at Comfy Token has been working hard to prepare the token and the surrounding content for launch, to say the least. A lot of care has gone into the code, the design, and plans for the future and hopefully you all enjoy what has been shared thus far.
It’s important to note that Comfy Token feels this token should belong to the community just as much as it belongs to its creators. An equal and inclusive community is a comfy community.
In the coming weeks and months, Comfy Token will encourage community participation to help steer the project in the in a direction maximizes comfiness for everyone.
This part of the crypto world can be stressful and unforgiving. ComfyToken provides a space where investors can come together and be part of a community that promotes and fosters a safe and comfy environment — and hopefully, make some comfy gains in the process.
While Comfy’s roadmap is established and many future items are currently under under development, things are always subject to change. Comfy’s team are committed to nurturing a dynamic and flexible growth environment, specifically tailored to actively reflect the the will of its community. Here’s the current state of it.
The Comfy Team.
Comfy Token has an incredibly capable team of engineers, designers, and other operational members with years of experience in their respective fields, who are committed to the success of this project. The strength of the team is attracting exceptional talent and growing quickly.
In it’s current state, the Comfy Token team are anonymous. The team will retain their anonymity until a point has been reached in which being doxxed would help the project. Being doxxed currently would help very little.
So for the time being, the proof is in the pudding.
Get Comfy.
Comfy Token is at the very beginning of its journey. The team is excited to see how the community comes together, looking forward to the comfy destinations that lay ahead.
Let’s make one thing clear from the get-go — this is a long term play. Comfy Token was launched as stealthily as possible, and the team is not pursuing traditional shill and pump and dump tactics as the attempt is to avoid that kind of volatility.
Let’s enjoy a stress free, gradual and steady climb to somewhere comfy.
Let’s get comfy. Let’s stay comfy.
