$0.1057

Crypto Family Token (FT) is a digital asset built on the Binance Smart Chain, designed to function as a low-cost payment method while addressing concerns about inflation. Its total supply is fixed at 1,000,000 FT, with 25,000 FT available at the launch of its smart contract. The remaining 975,000 FT are intended to be discovered over an extended period through staking, with an annual percentage rate of 4% from staking rewards. New FT tokens are not minted but can only be generated by stakers, making the community the sole source of new supply.

The token aims to combine fast and cheap transactions with a long-term lifecycle. Staking on the Crypto Family Bridge nodes is used to support a consensus mechanism referred to as Proof of Staked Authority, which helps secure transactions and prevent attacks. Fees paid in FT within the Crypto Family City are placed back into circulation, allowing the token to be staked, found, and redistributed repeatedly without increasing the total supply. FT also supports transfers to multiple recipients in batches, which can reduce gas costs. The project states that in some cases, FT transactions have been the cheapest on the Binance Smart Chain, though no specific figures are provided.