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FEATURE Crypto Weekly
Nigel Token Wants to Right a Wrong in a Big Way T
he Nigel token is dedicated to those who have been scammed, scammed, or had their rug pulled in the crypto world. The Nigel project was created by ten crypto-enthusiastic friends who were scammed by a scammer they all knew as Nigel. After the carnage, they got together and decided to launch their own legitimate project and name the token after the person who brought them together under those unfortunate circumstances. Although it started out as a joke, the goal of the retributive campaign became to show that dedicated, transparent developers behind a simple and straightforward project can outperform con artists. Nigel's is a community-driven token that aims to make the crypto space safer due to efforts made as a collective. The BSC space has become ubiquitously known for its scams. The Nigel community believes that the best way to mitigate scams or frauds is to educate new and inexperienced users through engaging content. They all plan to work towards
this goal by creating crypto educational media and content and highlighting legitimate crypto projects. The initial liquidity pool tokens have been burned to create a safe and legitimate token, so liquidity can never be stolen or removed. The maximum wallet size is two percent of the token's supply to avoid large whale holdings, and the max transaction limit is one percent to prevent large dumps of the token. Six percent of rewards are paid out to holders in the form of BUSD, and three percent contribute to the token's liquidity pool. Two percent is allocated to fund the marketing and development of the token. These funds will promote the token, grow the community, and develop crypto safety education applications. The marketing wallet balance is visible and on display to our holders, ensuring developer transparency throughout the project's growth and evolution. Nigels is working for our holders twentyfour hours a day with developers from all areas of the world. The potentially damaging variable is mitigated of having a single lone wolf developer incorporating a motivated and dedicated team. This will ensure that there is always a team member available day or night with any concerns or questions. The team pledges to be active daily with the community and help grow the coin forward as a team while listening to the community about ways to evolve the
February 2022 | Volume 14
project further. The team believes that it can create a social movement in the BSC space to come together as crypto aficionados and work towards the betterment of the ecosystem.
Plans for the Future Nigels is beginning its media content journey with Radio Nigel's flagship production. Wielding the tools of a digital generation, the initial entry is coming to the podcast space. The first series, Nigelcast, highlights up-andcoming crypto projects and provides an engaging and enlightening experience. Nigels plans on building an entire ecosystem of content and media with a strong focus on crypto safety education. The team believes that the first line of defense from being a scam victim is to be armed with knowledge. The team plans to develop a crypto education curriculum platform utilizing a "Learn to Earn" model and emphasize safely navigating through the space as a new crypto investor. This will help to ensure that fewer investors will fall prey to scams, as they learn to spot potential red flags or warning signs before investing in a project.
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