EagleFly Launch

We are really excited to announce the fair launch of Eagle Fly Protocol Token ( $EGL ). Our in-house developed token following all of the OpenZeppelin secure standards that rewards holders directly to their wallets and increases the liquidity pool via creating new tokens for them and truly burns part of the trading activity. This means low slippage, less than 0.5%, and a liquidity pool forever with 100% rug free.

Contract: 0x7F881ba9C526961b0288EFA86A5059743BC8b735

Tokens: 250,000,000 $EGL

Initial Distribution

• First burn with 50% of Total Supply
• 40% of tokens are in PancakeSwap’s Liquidity Pool for the community.
• 5% Sent to the development wallet.
• 5% Sent to the marketing wallet.

First Burn

We don’t believe that sending supply to VB or sending tokens to 0x000dead is a true burn instead of this we truly destroy supply. Instead of this our contract is a “ERC20Burnable” token. This means that anyone can destroy supply from his wallet. For example, anyone can just buy 1 Million of tokens and burn them.

Initially to demonstrate how it works we burned half of the supply in one transaction:

https://bscscan.com/tx/0xca84f7922a796f0563de6e5c948b2c7c31c565479cc8e05c5e51fe4d14d7f75b

As you can see now in BSCScan the total supply of the token has been reduced to 125 M:

https://bscscan.com/token/0x7f881ba9c526961b0288efa86a5059743bc8b735

NOTE: At the moment we write this post, the supply is less than 125 Million because of burns produced by trading. This number can fluctuate by inflation mechanisms and trading activity.

Development Wallet

Our development wallet is a single holder like anyone. We sent 5% of the supply to the development wallet. This wallet will be used by the development team to deploy new features, contracts, tools and pay production costs for the future Dapp of EagleFly Protocol.

https://bscscan.com/token/0x7f881ba9c526961b0288efa86a5059743bc8b735

In the future when the project gains traction and the Dapp starts to be active this wallet will be used to pay developers salaries and providers costs.

Marketing Wallet

Maybe this is the most interesting wallet. The marketing wallet will be used to pay marketing costs with influencers, ads platforms, giveaways and some others.

https://bscscan.com/address/0xf60122910c5274a0B4fF0f588f085a1c78952Db9

Again, in the future when the project gains traction and the platform is live this wallet will be used to pay influencers, ads platform, marketing providers or other business providers.

Finally

We are really excited to the launch of our project and we would like to welcome all of our new holders and friends that will make this project huge.

Stay tuned at: https://eaglefly.finance/