image from gifutoken.io

Hello Hive Community! For those who haven't heard of GIFU yet, I'll reiterate some points I wrote about it.

What's GIFU?

GIFU is a meme coin that was created on the Binance Smart Chain (BSC). It's not just a meme token though, it has utility in the form of creating GIFs to promote projects. It already has several collaborations with the BBH Project, Splinterlands and Rising Star.

Burning Mechanism

The token follows a burning mechanism which will increase scarcity over time. Recent posts indicate that around 5% of GIFU has been burned. Theoretically, this would reduce supply to potentially increase value over time.

Project Transparency

GIFU dev @raymondspeaks, who is also behind the @brofi project is noted to be doxed, providing a level of transparency and trust compared to anonymous projects. Other Hivers involved in the project are @cryptoeater, @epic-fail, @trumpman and @stickupboys.

Where to Buy GIFU?

GIFU is available on PancakeSwap and hive-engine.

Delegation and Rewards

This started a few days ago. You can now delegate HP to @gifufaithful to earn GIFU tokens daily. Also, holders 50k tokens or more can get curation in the form of votes on posts with 200 words or more. The more tokens held, the more % of votes. On the other hand, votes are not guaranteed.

Giveaway

I'm running a GIFU giveaway in this post which will end in a few days if you want a chance for some free GIFU. You will need a BSC wallet to join.