The founders of $CLIFF token are having quite the start to 2022. The progress the project is making just in January and February alone is more than most projects make in a whole fiscal year.
The mission of the CLIFF token is to provide the crypto world with the first-ever hardcoded deflationary token with a true burn mechanism. But not just that, the leaders of the project are actively exploring several ways to incentivize users to not only hold the token, but utilized to earn staking rewards, donate to charity, and collect rare NFTs that are ultimately going to support the value of both the $CLIFF and $RED tokens.
Here are just some of the developments in motion with $CLIFF over the past month or so:
- The project is rolling out the functions that support utility as published in the Cliff Token Redpaper.
- $CLIFF is now listed and being listed on several notable exchanges.
- The team is making investments that increase the project’s brand awareness and the value of its ecosystem.
- $2 million of $CLIFF are about to be purchased and burned thanks to The Cliffening 2.0
Let’s take a deeper dive into each development.
Increasing the Utility of the Project
Cliff enthusiasts will soon be able to stake their $CLIFF tokens to earn $RED as a reward. Red represents the value of the yield generated by the Cliff Foundation and also acts as the governance token for the ecosystem. 40% of all $RED will be deposited into a pool and once users experience the value from staking the token, 30% of the reserve tokens will be provided for users to earn by staking Red/ETH liquidity pair.
5% of $CLIFF tokens are going to get burned whenever users want to stake to earn Red. This function helps support the project’s deflationary environment.
In addition to making progress with staking, the project launched a raffle where users had a chance to win $100,000 worth of $ClIFF.
The most loyal $CLIFF holders will also have a chance to win one of 333 Bored Cliff Club NFTs, with an additional 15,000 NFTs available to be minted at a given mint price. The project will be called The Red Room. Owning an NFT will multiply staking rewards and owners will be provided with the ability to increase rarity by burning $Cliff, further supporting the project’s deflationary goal to hedge against inflation.
Notable Exchange Listings
Cliff is currently in discussions with three of the top 10 exchanges in the world of crypto. For now, the $CLIFF token is trading on three smaller exchanges and it’s also live on UniSwap through the following Ethereum smart contract address: 0x1b9baf2a3edea91ee431f02d449a1044d5726669
The Latest Cliff Investments
One of the best reasons to be associated with Cliff token and its ecosystem is the fact that the leaders of the project and the community supporting it offer extensive experience with investing in digital assets and flipping them for a profit.
The project sold a Doodles NFT at the beginning of last month for a profit of 4.25 ETH. On top of that, multiple Wolf Game NFTs are successfully being flipped. The biggest flip of all includes A5 GEN 0, which was purchased for 3 ETH and later sold for 13.5 ETH.
All profits are automatically reinvested in the $CLIFF token with proceeds going to buyback and burns, new investments and or marketing for the project to keep it moving forward.
The Cliffening 2.0
The Cliffening 2.0 is a project initiative aimed at completing a massive buyback and burn, propelling $CLIFF to become more valuable. As soon as $cliff reaches 15,000 holders, the project will buyback and burn $2 million worth of tokens. Even more will be burned once $Cliff reaches 20,000 holders.
25% of the tokens being burned will be held back as a tax to support the project’s liquidity pool, an ingenious way to ensure the project’s longevity. #TheCliffening is happening and it’s going to directly benefit its holders and community.
Now you have an idea of how much is going on with the Cliff Token. The project is gaining momentum and the updates above are providing proven value to the community.
